May 30, 2017 -
Fujitsu Frontech North America has partnered with Keyo, granting the biometric retail and hospitality payment solutions provider access to and distribution rights in Fujitsu’s patented PalmSecure biometric technology.
Using PalmSecure, Keyo significantly improves the value proposition for retailers by reducing transaction fees and the risk of fraud, while simplifying and improving the human experience by eliminating physical cards, keys and tickets, and cutting down on the amount of time spent in checkout queues.
Fujitsu PalmSecure uses a near-infrared light to capture a user’s palm vein pattern, creating a unique biometric template that is matched against the palm vein patterns of pre-registered users.
The device is completely contactless, which makes it hygienic, non-intrusive and unaffected by external factors such as skin types and other conditions.
“There is no worse feeling as a consumer than when they realize they’ve forgotten their wallet or for a retailer when they add up the dollars spent each month for credit card processing fees and fraud,” said Jaxon Klein, founder of Keyo. “Having a strong technology partner behind us has given Keyo a distinct market advantage by keeping the payment solution simple yet with the ability to be a platform for the combination of other Fujitsu biometric applications.”
Both of Fujitsu’s PalmSecure sensors and PalmSecure for SSO (single sign-on) only recognize the palm vein pattern if blood is actively flowing within the individual’s veins, eliminating the chance of forgery.
The use of vascular pattern recognition technology provides highly reliable authentication with low false accept and reject rates, as well as ensures fast and easy enrollment.
“We are delighted with the relationship with Keyo and its strong belief that Fujitsu PalmSecure devices and technology are the right choice to rapidly evolve the retail payment space,” said Randy Fox, vice president of currency handling and identity product solutions at Fujitsu Frontech North America Inc. “With PalmSecure technology, Keyo is addressing an industry and demographic market under pressure from online retailers and thus are becoming very tech savvy and willing adopters of the technology.”
Previously reported, Fujitsu Laboratories recently developed a new technology that provides secure and seamless access to cloud services through IoT devices using a smartphone’s biometric authentication functionality and near-field wireless functionality.