The international credit card giant VISA recently announced what they are calling a “new of era payments,” by presenting palm-reading terminals to facilitate transactions, among major innovations for the firm.
The next generation technology was unveiled on February 22nd in Singapore, on the same day the company officially launched the Singapore Innovation Center, a new hub for VISA in the Asia Pacific region, allowing for them to work clients there more easily and work on new innovations for the company.
VISA provided a brief description on their “pay-by-palm” technology:
Speed and convenience of biometric payments: Pay-by-palm is the next-generation payment technology that uses unique palm signatures for identity verification, a significant leap from the widely used fingerprint and facial recognition systems of today.
Visitors to the innovation center can experience hovering their palm over a reader, linking their unique signature to their payment card for a transaction. While still in early adoption stages, it’s already making waves in urban mobility in China and the retail sector in the United States. But it’s not just about convenience. Using Gen AI to analyze anonymized biometric and payment data, businesses can also gain valuable insights for personalized recommendations.
HardwareZone.com was present at the opening of the facility and where to get a sneak preview into the technology.
Kunal Chatterjee, Head of Innovation at Visa Asia Pacific, said in a statement at the event:
The future of biometric payments is promising and is set to revolutionize the retail experience. Biometrics has the potential to enable retailers to offer a more personalized and secure shopping experience. It simplifies the checkout process by using fingerprint and facial recognition, thereby reducing wait times, and eliminating the need for traditional payment methods. This not only enhances the customer experience but also increases efficiency. Furthermore, biometrics enhance security by ensuring only authorized personnel can access sensitive information.
The current pace of integration and acceptance of new technologies that we are seeing is very encouraging, and we expect to see biometric payments becoming more mainstream within the next decade.
This technology is identical to the Amazon One palm payment terminals, which is increasingly showing up in more stores. It is currently available at all Whole Foods stores in the United States.
One year ago JP Morgan-Chase also unveiled their facial recognition and palm-recognition payment systems. SEE: Megabank JP Morgan To Launch Facial Recognition And Palm Reader Payment System
VISA also noted in their press release the process of integrating payments with virtual and augmented reality. The company added:
From in-store displays and activations to virtual try-on experiences and navigation, AR and AI can be harnessed together to capture the opportunities that come with the evolution of e-commerce and the growing comfort of consumers with online shopping as well as contactless payments. AR combined with the predictive power of AI, supports a range of use cases, including AR-powered virtual shopping, navigation systems for brick-and-mortar stores, and even virtual fitting rooms, something that can be experienced at the new Visa Singapore Innovation Center.
On top of this, one week before VISA’s innovation center reveal, the company filed a patent to launch their own version frictionless technology that is similar to Amazon’s Just Walk Out; under the patent description of “biometric templates for privacy preserving authentication.”
VISA said in their filing: “If our personal devices could participate in external-facing authentication too, where biometric measurement is captured by a nearby external sensor, then we could also enjoy a frictionless authentication experience in a variety of physical spaces.”
The Daily Upside detailed the purpose of this technology:
The first step of Visa’s system starts with when a user is enrolled in biometric authentication, when it creates a biometric template that’s stored on a user’s device, which is then encrypted and digitally signed to attest to its authenticity. When a user wants to access a certain gated service, the user device verifies that digital signature to the service’s so-called “access device.”
Visa noted a host of different use cases for this, including quick and seamless payment at checkout, ATM withdrawals, and non-payment related activities such as allowing access to an apartment or matching biometrics to entrance tickets at amusement parks, convention centers or theaters.
With this system, the biometrics themselves don’t need to be verified by the access device, just the digital signature. Visa noted that this feature is an important benefit, as sensitive user data isn’t stored and collected “in some giant database, whose breach would be disastrous. Instead, the templates stay on the devices of the users to which they belong.”
AUTHOR COMMENTARY
This is, once again, another very important brick in the wall in establishing the eventual mark of the beast system.
[16] And he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads: [17] And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name. [18] Here is wisdom. Let him that hath understanding count the number of the beast: for it is the number of a man; and his number is Six hundred threescore and six.
Revelation 13:16-18
[7] Who goeth a warfare any time at his own charges? who planteth a vineyard, and eateth not of the fruit thereof? or who feedeth a flock, and eateth not of the milk of the flock? [8] Say I these things as a man? or saith not the law the same also? [9] For it is written in the law of Moses, Thou shalt not muzzle the mouth of the ox that treadeth out the corn. Doth God take care for oxen? [10] Or saith he it altogether for our sakes? For our sakes, no doubt, this is written: that he that ploweth should plow in hope; and that he that thresheth in hope should be partaker of his hope. (1 Corinthians 9:7-10).
The WinePress needs your support! If God has laid it on your heart to want to contribute, please prayerfully consider donating to this ministry. If you cannot gift a monetary donation, then please donate your fervent prayers to keep this ministry going! Thank you and may God bless you.
You could certainly see your expertise in the work you write. The world hopes for more passionate writers like you who are not afraid to say how they believe. Always go after your heart.
Very interesting points you have noted, appreciate it for posting.
Lovely just what I was searching for.Thanks to the author for taking his time on this one.
I like what you guys are up too. Such smart work and reporting! Keep up the superb works guys I?¦ve incorporated you guys to my blogroll. I think it will improve the value of my site 🙂
Hello just wanted to give you a quick heads up. The text in your post seem to be running off the screen in Safari. I’m not sure if this is a format issue or something to do with internet browser compatibility but I thought I’d post to let you know. The design look great though! Hope you get the problem fixed soon. Many thanks
I view something really special in this web site.
I was curious if you ever thought of changing the structure of your website? Its very well written; I love what youve got to say. But maybe you could a little more in the way of content so people could connect with it better. Youve got an awful lot of text for only having one or two images. Maybe you could space it out better?
I’ve been exploring for a bit for any high-quality articles or blog posts on this sort of area . Exploring in Yahoo I at last stumbled upon this web site. Reading this information So i am happy to convey that I’ve a very good uncanny feeling I discovered just what I needed. I most certainly will make sure to do not forget this site and give it a look regularly.
I like this site so much, saved to fav. “Respect for the fragility and importance of an individual life is still the mark of an educated man.” by Norman Cousins.
Those are yours alright! . We at least need to get these people stealing images to start blogging! They probably just did a image search and grabbed them. They look good though!
I don’t even know how I ended up here, but I thought this post was great. I don’t know who you are but certainly you are going to a famous blogger if you aren’t already 😉 Cheers!
Do you mind if I quote a few of your posts as long as I provide credit and sources back to your blog? My website is in the exact same area of interest as yours and my users would truly benefit from a lot of the information you present here. Please let me know if this ok with you. Many thanks!
Real superb visual appeal on this website , I’d value it 10 10.
magnificent points altogether, you simply gained a brand new reader. What would you suggest in regards to your post that you made a few days ago? Any positive?
I enjoy your work, thanks for all the informative content.
You actually make it seem so easy with your presentation but I find this topic to be actually something which I think I would never understand. It seems too complicated and extremely broad for me. I’m looking forward for your next post, I will try to get the hang of it!
great post, very informative. I wonder why the other specialists of this sector don’t notice this. You should continue your writing. I’m confident, you’ve a great readers’ base already!
I really appreciate this post. I have been looking everywhere for this! Thank goodness I found it on Bing. You’ve made my day! Thank you again
As I web-site possessor I believe the content material here is rattling fantastic , appreciate it for your hard work. You should keep it up forever! Good Luck.
Wow that was unusual. I just wrote an very long comment but after I clicked submit my comment didn’t show up. Grrrr… well I’m not writing all that over again. Regardless, just wanted to say excellent blog!
I really like your writing style, great info , appreciate it for posting : D.
I?¦m now not positive where you are getting your information, but good topic. I must spend some time finding out more or understanding more. Thank you for wonderful information I used to be in search of this info for my mission.
You made several fine points there. I did a search on the issue and found most folks will have the same opinion with your blog.
Hi, Neat post. There’s a problem together with your site in web explorer, might check this… IE still is the marketplace leader and a big component to other folks will pass over your great writing because of this problem.
I am very happy to read this. This is the type of manual that needs to be given and not the accidental misinformation that is at the other blogs. Appreciate your sharing this best doc.
Hello.This article was really interesting, especially because I was investigating for thoughts on this issue last couple of days.
It is really a nice and useful piece of information. I am glad that you just shared this helpful information with us. Please stay us informed like this. Thank you for sharing.
With havin so much content and articles do you ever run into any problems of plagorism or copyright violation? My website has a lot of exclusive content I’ve either authored myself or outsourced but it appears a lot of it is popping it up all over the internet without my authorization. Do you know any ways to help protect against content from being stolen? I’d certainly appreciate it.
I was very pleased to find this web-site.I wanted to thanks for your time for this wonderful read!! I definitely enjoying every little bit of it and I have you bookmarked to check out new stuff you blog post.
Very good written article. It will be valuable to anyone who employess it, as well as yours truly :). Keep doing what you are doing – for sure i will check out more posts.
This website is my intake, real superb pattern and perfect content.
What i do not understood is in reality how you’re now not actually a lot more smartly-liked than you might be now. You’re so intelligent. You understand thus significantly with regards to this subject, produced me in my opinion imagine it from a lot of various angles. Its like women and men don’t seem to be involved until it¦s something to accomplish with Girl gaga! Your individual stuffs excellent. All the time maintain it up!
Do you mind if I quote a couple of your articles as long as I provide credit and sources back to your webpage? My website is in the exact same niche as yours and my visitors would truly benefit from some of the information you provide here. Please let me know if this ok with you. Regards!
Well I sincerely enjoyed studying it. This information procured by you is very effective for proper planning.
I like what you guys are up also. Such clever work and reporting! Keep up the superb works guys I?¦ve incorporated you guys to my blogroll. I think it will improve the value of my site 🙂
Excellent read, I just passed this onto a friend who was doing some research on that. And he actually bought me lunch since I found it for him smile Thus let me rephrase that: Thanks for lunch!
Hi there! Quick question that’s totally off topic. Do you know how to make your site mobile friendly? My web site looks weird when browsing from my iphone4. I’m trying to find a template or plugin that might be able to correct this problem. If you have any suggestions, please share. Cheers!
Have you heard about ThyraFemme Balance? This natural supplement is becoming a sensation among women worldwide because it provides a real, safe, and natural solution for those struggling with hormonal imbalance, slow metabolism, weight gain, fatigue, and lack of energy.
Hey very nice website!! Man .. Excellent .. Superb .. I will bookmark your site and take the feeds also?KI’m glad to find so many useful information here in the submit, we want develop more strategies on this regard, thanks for sharing. . . . . .
I am usually to running a blog and i actually appreciate your content. The article has actually peaks my interest. I’m going to bookmark your website and hold checking for brand spanking new information.
Flash Burn is a revolutionary natural supplement that has been transforming the lives of thousands of people struggling with excess weight. Developed with a 100 natural and scientifically proven formula
Simply wanna remark that you have a very decent internet site, I love the style it actually stands out.
The Pink Salt Trick is a minimalist but effective morning routine: Just drink a glass of lukewarm water mixed with a pinch of Himalayan pink salt as soon as you wake up.
Very interesting topic, regards for posting.
I discovered your weblog website on google and check a few of your early posts. Proceed to keep up the excellent operate. I just additional up your RSS feed to my MSN News Reader. Looking for forward to reading more from you later on!…
Thanks for your marvelous posting! I genuinely enjoyed reading it, you’re a great author.I will make sure to bookmark your blog and will eventually come back from now on. I want to encourage continue your great writing, have a nice afternoon!
You are my intake, I own few web logs and sometimes run out from to post : (.
Hi there, simply changed into alert to your weblog via Google, and found that it’s truly informative. I’m gonna be careful for brussels. I will be grateful in case you proceed this in future. Numerous other people might be benefited out of your writing. Cheers!
There are actually plenty of particulars like that to take into consideration. That may be a great point to carry up. I supply the ideas above as common inspiration however clearly there are questions like the one you deliver up where the most important factor shall be working in sincere good faith. I don?t know if finest practices have emerged round things like that, but I am certain that your job is clearly identified as a good game. Each girls and boys really feel the impact of only a second’s pleasure, for the rest of their lives.
F*ckin’ tremendous issues here. I am very glad to peer your article. Thanks so much and i’m looking forward to touch you. Will you please drop me a mail?