Suresnes (France), San Antonio (USA, TX) - Monday, January 16, 2023: Ingenico, the global leader in payments acceptance solutions, and Fujitsu Frontech North America, through its subsidiary Fulcrum Biometrics, Inc., today unveiled the world’s most secure, accurate and seamless biometric payment solution based on palm vein identification. This innovation enables merchants to speed up check-out, minimize the risks of fraud, and streamline the customer experience.
The solution enables contactless payments, reduces queues, and transforms in-store commerce. Designed on Ingenico’s AXIUM range, its Android payment terminals, the solution allows consumers to identify themselves and authenticate their payments simply by moving the palm of a hand over a near infra-red (NIR) sensor. There is no need to take out a credit card or enter a PIN, making your hand the only payment method necessary.
As every person has a unique pattern of veins in the palm of their hand, palm vein identification is one of the most accurate biometric identification technologies in the world. It is less intrusive and more secure than alternatives such as fingerprints and facial recognition, and it is easier to implement and operate. The convenient, contactless, and hygienic technology has the potential to accelerate the share of cashless and digital transactions in markets worldwide. It can also offer additional security levels for organisations requesting strong identification solutions.
The solution combines Ingenico’s understanding of the business needs of merchants and its expertise in payment technology with Fujitsu’s best-in-class identification algorithm for analysing and matching biometric data. It leverages Fujitsu’s market proven PalmSecure™ technology and incorporates cutting-edge biometric identification solutions developed by Fulcrum Biometrics.
To enroll consumers in the service, merchants first take a near infra-red (NIR) scan of a customer’s palm using a device designed by Ingenico that incorporates the Fujitsu PalmSecure-F Pro Sensor and software. This image is encrypted, tokenized, and linked to the customer’s payment card in Ingenico’s secure cloud environment. In contrast to facial recognition and fingerprints, it is not possible for hackers to take close-up pictures of internal palm vein structures to make fraudulent transactions. The unique patterns under the skin are virtually impossible for fraudsters to replicate.
