November 20, 2013 -
According to the companies, PulseWallet is paperless, storing transactions, transaction history, membership cards as well as promotions in a virtual customer profile. Now, under this new partnership, PulseWallet terminals aim to replace consumer credit and debit cards with palm-scanning technology.
“From the very beginning, we were looking for an extremely secure and highly accurate form of strong biometric authentication technology to integrate with our solution. Customer registration has to work smoothly for all consumers and verification at POS must occur quickly,” Aimann Rasheed, co-founder and CEO of PulseWallet said. “We evaluated other forms of biometric authentication and we were most impressed with Fujitsu’s PalmSecure technology because of its speed, accuracy and flexibility.”
PalmSecure sensors use near-infrared light to capture a user’s palm vein pattern without the need for contact with the sensor.
“We are very proud to be partnering with PulseWallet and that they have chosen PalmSecure technology as a value-added benefit to their solution,” Randy Fox, senior director, currency handling and identification product solutions at Fujitsu Frontech North America said. “We are also extremely supportive of their green initiative. Fujitsu has been an eco-friendly company for over 30-years, with a true commitment to developing and delivering solutions that limit impact on the environment.”
Payment systems are widely regarded to be the next big wave of biometric integrations, and many biometric wallet applications and solutions are beginning to make an appearance in the market.
This summer, Frost & Sullivan published a statement in favor of mobile biometric payment systems, arguing the industry must focus on payment security and that biometrics represents the best solution for achieving this.