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.
An impressive share, I just given this onto a colleague who was doing a little analysis on this. And he in fact bought me breakfast because I found it for him.. smile. So let me reword that: Thnx for the treat! But yeah Thnkx for spending the time to discuss this, I feel strongly about it and love reading more on this topic. If possible, as you become expertise, would you mind updating your blog with more details? It is highly helpful for me. Big thumb up for this blog post!
hello!,I like your writing so a lot! proportion we keep up a correspondence more approximately your article on AOL? I require an expert on this area to solve my problem. Maybe that is you! Looking ahead to look you.
Wonderful beat ! I wish to apprentice while you amend your site, how could i subscribe for a blog web site? The account helped me a acceptable deal. I had been a little bit acquainted of this your broadcast provided bright clear idea
Some truly choice posts on this internet site, saved to favorites.
I like the helpful information you provide on your articles. I will bookmark your weblog and test again here regularly. I am reasonably sure I’ll be informed plenty of new stuff proper right here! Best of luck for the following!
You are a very intelligent person!
I want to show my appreciation to this writer for bailing me out of this particular instance. After surfing around throughout the the net and coming across methods which are not powerful, I was thinking my entire life was over. Living minus the solutions to the problems you’ve fixed all through your write-up is a critical case, and the kind which might have in a negative way damaged my entire career if I hadn’t encountered your blog. Your primary capability and kindness in maneuvering a lot of stuff was invaluable. I don’t know what I would have done if I hadn’t come upon such a solution like this. I can also at this point look forward to my future. Thank you very much for your reliable and result oriented guide. I won’t be reluctant to endorse your web sites to any person who would need direction on this issue.
You could certainly see your skills in the paintings you write. The world hopes for even more passionate writers such as you who are not afraid to say how they believe. All the time follow your heart.
Rattling great info can be found on weblog.
Just about all of the things you articulate is supprisingly appropriate and it makes me wonder why I had not looked at this in this light previously. Your piece truly did switch the light on for me personally as far as this subject matter goes. Nonetheless there is 1 factor I am not necessarily too comfy with so while I make an effort to reconcile that with the main idea of your position, permit me see just what all the rest of the subscribers have to say.Nicely done.
Great website. Plenty of useful information here. I’m sending it to a few buddies ans additionally sharing in delicious. And naturally, thanks in your effort!
Great ?V I should definitely pronounce, impressed with your web site. I had no trouble navigating through all the tabs as well as related information ended up being truly simple to do to access. I recently found what I hoped for before you know it at all. Reasonably unusual. Is likely to appreciate it for those who add forums or anything, website theme . a tones way for your client to communicate. Nice task..
Terrific work! This is the type of information that should be shared around the internet. Shame on Google for not positioning this post higher! Come on over and visit my site . Thanks =)
I loved as much as you will receive carried out right here. The sketch is tasteful, your authored subject matter stylish. nonetheless, you command get bought an nervousness over that you wish be delivering the following. unwell unquestionably come further formerly again since exactly the same nearly very often inside case you shield this hike.
I don’t normally comment but I gotta tell thankyou for the post on this perfect one : D.
I think other website proprietors should take this website as an example , very clean and excellent user genial design and style.
Write more, thats all I have to say. Literally, it seems as though you relied on the video to make your point. You clearly know what youre talking about, why throw away your intelligence on just posting videos to your site when you could be giving us something informative to read?
There is noticeably a bundle to know about this. I assume you made certain nice points in features also.
You made some good points there. I did a search on the issue and found most people will consent with your website.
It?¦s really a great and helpful piece of information. I am satisfied that you simply shared this useful information with us. Please stay us informed like this. Thank you for sharing.
Have you ever considered about including a little bit more than just your articles? I mean, what you say is valuable and all. Nevertheless just imagine if you added some great photos or video clips to give your posts more, “pop”! Your content is excellent but with pics and video clips, this site could certainly be one of the most beneficial in its niche. Fantastic blog!
F*ckin’ awesome things here. I am very satisfied to peer your article. Thank you so much and i am looking forward to contact you. Will you kindly drop me a mail?
It’s really a great and useful piece of information. I’m glad that you just shared this useful info with us. Please keep us up to date like this. Thank you for sharing.
I truly appreciate this post. I have been looking all over for this! Thank goodness I found it on Bing. You’ve made my day! Thx again
Nice read, I just passed this onto a friend who was doing some research on that. And he actually bought me lunch because I found it for him smile So let me rephrase that: Thanks for lunch! “He who walks in another’s tracks leaves no footprints.” by Joan Brannon.
I?¦ve read some excellent stuff here. Definitely worth bookmarking for revisiting. I wonder how so much effort you set to create this kind of great informative web site.
I really appreciate this post. I’ve been looking all over for this! Thank goodness I found it on Bing. You have made my day! Thanks again!
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.
Regards for all your efforts that you have put in this. very interesting info .
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.
This is a topic close to my heart cheers, where are your contact details though?
so much superb information on here, : D.
Appreciating the time and energy you put into your website and in depth information you provide. It’s great to come across a blog every once in a while that isn’t the same out of date rehashed information. Excellent read! I’ve bookmarked your site and I’m including your RSS feeds to my Google account.
You have brought up a very wonderful points, appreciate it for the post.
Way cool, some valid points! I appreciate you making this article available, the rest of the site is also high quality. Have a fun.
Way cool, some valid points! I appreciate you making this article available, the rest of the site is also high quality. Have a fun.
Thank you for sharing superb informations. Your website is very cool. I am impressed by the details that you’ve on this website. It reveals how nicely you understand this subject. Bookmarked this website page, will come back for extra articles. You, my friend, ROCK! I found simply the info I already searched all over the place and simply could not come across. What an ideal web-site.
You made a number of fine points there. I did a search on the issue and found most folks will agree with your blog.
Do you have a spam issue on this website; I also am a blogger, and I was wanting to know your situation; many of us have created some nice methods and we are looking to exchange solutions with others, why not shoot me an e-mail if interested.
It’s a pity you don’t have a donate button! I’d without a doubt donate to this outstanding blog! I suppose for now i’ll settle for bookmarking and adding your RSS feed to my Google account. I look forward to new updates and will talk about this site with my Facebook group. Talk soon!
Way cool, some valid points! I appreciate you making this article available, the rest of the site is also high quality. Have a fun.
Hey! This is kind of off topic but I need some advice from an established blog. Is it very hard to set up your own blog? I’m not very techincal but I can figure things out pretty fast. I’m thinking about creating my own but I’m not sure where to begin. Do you have any points or suggestions? Appreciate it
Really superb info can be found on web blog. “Politics is applesauce.” by Will Rogers.
Thank you for sharing superb informations. Your website is very cool. I am impressed by the details that you have on this site. It reveals how nicely you understand this subject. Bookmarked this website page, will come back for more articles. You, my pal, ROCK! I found simply the information I already searched everywhere and just couldn’t come across. What an ideal web site.
Hello, Neat post. There’s a problem together with your site in web explorer, could check this?K IE nonetheless is the market chief and a good component to folks will pass over your excellent writing due to this problem.
I’m often to running a blog and i actually appreciate your content. The article has actually peaks my interest. I’m going to bookmark your site and hold checking for brand spanking new information.
Would love to constantly get updated great site! .
Hi my family member! I wish to say that this article is amazing, great written and come with approximately all vital infos. I would like to look extra posts like this .
Hey, you used to write fantastic, but the last few posts have been kinda boringK I miss your super writings. Past few posts are just a little out of track! come on!
Valuable info. Lucky me I found your site by accident, and I am shocked why this accident didn’t happened earlier! I bookmarked it.