FB pixel

An account at the end of each finger: OVE Touch & Go biometrics sidestep payment cards

An account at the end of each finger: OVE Touch & Go biometrics sidestep payment cards
 

Assign a bank account or payment card to each fingertip to then pay in person with a just a fingerprint scan – no card, wallet or smartphone – with OVE Touch & Go hardware channeling Green Payments processing. Just try not to forget which finger is which card, or to wash your hands afterwards, proponents of contactless biometric payment cards would no doubt warn you.

Launching as a concept in the Bay Area this November, the OVE system for payments is aiming to persuade consumers that fingerprints are the future. Their work will be to convince consumers who will doubtless have at least a smartphone on them at all times – especially in the Bay Area – that undergoing biometric verification with a store’s OVE hardware is preferable to doing so on their own devices. And to go somewhere for biometrics capture.

OVE still requires owning a smartphone as users assign cards to their fingerprints via an app. Onboarding is carried out with face biometrics compared to a government-issued ID by partner Jumio, as described on the company’s website and privacy policy.

The app also collects electronic store receipts. To initially register fingerprints, new users must assign them to their fingertips within the app then use it to locate the nearest venue with an OVE scanner in use to have their fingerprints scanned. Tokenization means biometrics themselves are not collected or stored.

Much of the website is devoted to explaining how secure the system is and how fingerprints are preferable to, say, face biometrics, with OVE finds “inFaceive.”

“When Apple introduced the iPhone they automatically presented a new technological way to use fingerprints to unlock devices,” wrote OVE Touch & Go CEO, Caio Buchalla, in a blog post.

“This innovation forced the world to feel comfortable and accept fingerprint technology. But later Apple replaced fingerprints with Face ID, and without knowing it Apple gave the idea that fingerprint technology was outdated. But the truth is, it was not executed correctly in the marketplace until now.”

The firm’s digital payment system is powered by fintech firm Plaid. A release states the OVE Sensors – the in-store hardware – to be equipped with “patented sensors.” The site states fingerprints cannot be stolen, which many in the spoofing arms race may disagree with.

Green Payments CEO and OVE Advisor Cliff Green told Biometric Update in an email that OVE holds the patent on the biometric sensors, writing: “They designed and manufactured the fingerprint sensors themselves.”

“OVE Sensors are built with advanced fingerprint technology, which utilizes acoustics (sonic waves) to scan the pores of a user’s finger for a deeply accurate image,” wrote CMO Daniel Cafiero in a June 2022 blog.

“OVE doesn’t capture and store images of your fingerprints, our technology creates dual encrypted hashes that represent each finger, which cannot be stolen or repurposed by malign actors.”

The OVE Sensors hardware will be offered to Green Payments merchants as part of the POS package from January 2023.

Article Topics

 |   |   |   |   | 

Latest Biometrics News

 

OpenAI rolls out passkeys for ChatGPT, partners with Yubico

OpenAI has introduced new passwordless security settings for ChatGPT accounts, allowing users to opt for passkeys or physical security keys….

 

Leidos, Idemia PS advance checkpoint modernization with biometrics, CAT-2 systems

Leidos and Idemia Public Security have formed a strategic partnership to deploy biometric‑enabled eGates and integrated Credential Authentication Technology (CAT-2)…

 

Google Wallet supports Aadhaar verifiable credentials in India

Google has added support for Aadhaar Verifiable Credentials in India, allowing users to store and present their digital Aadhaar ID…

 

India scales farmer ID system for payments with KPMG support

The India office of influential accounting firm KPMG has explained how it supported the advancement of the country’s Digital Agriculture…

 

Digital ID systems fail migrants due to policy gaps, Caribou finds

A new report by research organization Caribou has warned that digital ID systems around the world have continued to deepen…

 

Hopae launches eIDAS 2.0, AMLR onboarding readiness tool

Hopae has launched a free self-assessment tool to help financial institutions offering customer onboarding and identity verification to evaluate their…

Comments

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Biometric Market Analysis and Buyer's Guides

Most Viewed This Week

Featured Company

Biometrics Insight, Opinion

Digital ID In-Depth

Biometrics White Papers

Biometrics Events