Wirecard introduces palm biometrics payment terminal
Wirecard is adding a palm biometrics payment terminal to its expanding portfolio of biometric ayments solutions that enable fast, convenient payments without any further proprietary infrastructure. Last year the company launched an IoT retail shelf which automates the purchase process with facial recognition.
The seamless, digital payment solution allows registered customers to place their palms on the biometric scanner for identity verification which triggers a real-time payment via the digital Wirecard Financial Commerce Platform. The payments firm notes that the solution is suited for use in the retail industry, and also at events such as music festivals and sports events, or in the mobility sector including public transport or airports.
“At Wirecard, we strongly believe that biometrics will follow smartphones as a major means of payment and replace passwords in the future,” says Jörn Leogrande, Executive VP of Wirecard Labs. “With the new palm scanner, the advantages for consumers are clear. The scanner is fast, simple and extremely secure due to the uniqueness of everyone’s palm. We want to shape the future of the retail industry and consumer experience, and for this reason are already developing tomorrow’s technologies today.”
Earlier this year it was announced that Wirecard was working with Oney Bank to implement the Well.com mobile application in Romania, which allows biometrics authenticated payments via fingerprint. Oney is the banking and financial arm of Auchan Retail Romania.
Goode Intelligence recently predicted that there will be 2.6 billion people using biometric payments by 2023, driven by demand for frictionless authentication in all channels, the need to reduce payment fraud, regulation at both the state and industry level, and technology standardization.