On July 24, Hitachi announced the development of a biometric cardless credit payment system, called “finger vein money,” which allows shoppers to pay for purchases using only their fingertips. The company plans to begin field testing the finger vein money in September.
Finger vein money relies on Hitachi’s finger vein authentication technology, which verifies a person’s identity by reading the pattern of blood vessels in his or her fingers. These blood vessel patterns are unique to each individual, much like fingerprints or retinas, only they are hidden securely under the skin, making them all the more difficult to counterfeit. Hitachi’s finger vein authentication technology is already being used to verify user identities for ATMs, door access control systems and computer log-in systems in Japan and elsewhere.
In the finger vein money system, consumers first register their finger vein pattern data with the credit card company. The data is then entered into a […]

Original post by Edo