Fujitsu signs master distribution deal with Biyo for digital wallet solution
Fujitsu Frontech North America announced that Biyo (formerly PulseWallet) has signed a master distribution agreement with Biyo’s Digital Wallet for retail point of sale electronic transactions.
Using Fujitsu PalmSecure biometric technology, Biyo system is able to identify and authenticate retail customers.
It then connects these retail customers to their stored information, such as credit cards, reward cards, coupons and loyalty discounts, as part of the payment authorization process.
“Our customers have been very pleased with the performance of the Fujitsu PalmSecure biometrics technology at point of sale. It has proven to provide accurate, timely and reliable authentication in some of the harshest retail environments imaginable,” said Aimann Rasheed, co-founder and CEO of Biyo. “Fujitsu’s willingness to stand behind our solution in the Retail digital wallet space gives prospective clients the confidence and impetus to move forward with implementing a more secure payment scheme for their businesses.”
The Fujitsu PalmSecure biometric palm vein sensors use a near-infrared light to “read” the palm vein pattern of the individual, which generates a biometric blueprint that is crosschecked against the palm vein patterns of pre-registered users.
The PalmSecure technology is the basis for Fujitsu’s entire line of biometric solutions, including PalmSecure sensors, PalmSecure for SSO and the PalmEntry Physical Access Control system.
The palm vein device is only able to read the pattern if the blood is circulating within the individual’s veins, making it extremely difficult to forge the pattern. This vascular pattern recognition technology provides highly reliable authentication with low false accept and reject rates, as well as rapid and easy enrollment.
Previously reported, Bitcoin currency and cash dispensing firm Robocoin began using Fujitsu’s PalmSecure biometrics technology to positively authenticate customers on its entire global network of Robocoin ATMs.