Palm vein authentication
News about Palm vein authentication.
November 14th, 2016
Fintech firm Fiserv has collaborated with Gesa Credit Union in the US to introduce palm-vein biometric authentication into Fiserv’s DNA account processing platform — the first palm-vein authentication solution implemented by a US financial institution. The companies found the Verifast solution reduced the time it takes to authenticate a member in the branch by 93% and was given top marks by 99.9% of Gesa members on both the registration process and ease of use.
September 15th, 2016
Customers of Japan’s Ogaki Kyoritsu Bank will soon be able to access services by using their palms for authentication. “The bank plans to install its palm scanning equipment at the counters of all its approximately 160 branches from next spring,” The Asahi Shimbun reports. “The expansion will cover almost all over-the-counter services, including purchases and cancellation of investment trust funds.” The bank developed the palm vein biometric identification system in 2012, but it has so far been limited to select ATMs.
July 27th, 2016
The Payments Association of South Africa (PASA) has unveiled a new standardised specification to facilitate biometric authentication on payment cards.
October 7th, 2015
Japanese credit card scheme JCB is to pilot the use of Fujitsu’s palm vein authentication technology for payments at this month’s JCB World Conference, enabling those attending to make purchases using only their hand. Additional trials in “global markets” are expected to follow.