US Researchers have invented a new technology which involves biometric scan of your fingers to authorize the payments.This system can be used for cashless,cardless payment systems. This system recognizes and stores the unique vein pattern of person’s finger skin which is then used for the identification purposes.This will make shopping much easier and credit card fraud and theft would be minimal in this case.Online merchant account holders and other online users already has paypal and other systems like Virtual credit card which will prevent the users do safely transaction without revealing the actually credit card details for offline users this system is really a safest system till date.
“Vein patterns are unique, as unique as your fingerprint. If you have worn-off, or damaged, or dirty fingertips, it’s difficult to get those prints. But the vein pattern remains no matter what condition the outer surface skin is in,” said Lewis Iadarola, a sales manager at Hitachi America.
To participate in the new system the customer has to sign up with the participating bank like any credit card which will require scanning of your finger for biometric information which will be used as your identity.The new system could also be used in conjunction with PIN for added safety.
The digital age with new technologies is here ,the things you have seen in Sci-Fi movies and games are already started coming into our lives.Just imagine using your finger for your authorization .Really cool technology isn’t it.
Check Out Related Posts: