Pay with a wave of the hand
Amazon plans to enable customers to connect their credit card information to their palms, so they can complete purchases with a tap of their hand rather than their card.
The company has filed a patent for a “non-contact biometric identification system”, featuring a scanner that produces an image of a person’s palm, according to the article published on finextra.com, summarizing the Wall Street Journal’s report.
Similar technology is already in use in financial services, with biometic authentication provider, iProov, launching a palm verification service in February 2019, allowing customers of banks to verify themselves remotely by hovering their palm over their mobile device.
It is likely Amazon will have been addressing potential concerns that are sure to be posed over the ability of terminals to detect fraud, as well as broader questions relating to privacy.
Data collected from the terminals would be used to study spending habits and stored on Amazon’s cloud.
The plans would continue the online giant’s attempts to revolutionise the way bricks-and-mortar stores operate. Amazon is working with Visa on this project, with Mastercard, JPMorgan and Wells Fargo also involved in preliminary discussions.