Hitachi finger vein money
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 database along with the individual’s credit account information. Later, when shoppers want to pay for something, they simply go to the cash register and place their finger in a vein reader, which uses infrared LEDs and a special camera to capture a detailed image of their vein structure. The image is converted into a readable format and sent to the database, where it is checked against the records on file. When the system verifies the identity of the shopper, the purchase is charged to the individual’s credit account.
Hitachi’s three-month field test, which is set to begin in September, involves 200 Hitachi employees volunteering to use finger vein money at the company cafeteria and shops in the Hitachi System Plaza Building located in Shin-Kawasaki. If all goes well, Hitachi — who is conducting the test with the cooperation of major credit card company JCB — plans to expand the trial system to all of its company buildings.
As a cardless payment system that promises the ultimate in convenience and security, finger vein money could help contribute to the disappearance of credit cards and all the anxieties associated with their loss and theft. When that day comes, we may only need to worry about losing our fingers.
[Source: Nikkei Net]
I’ve seen this technology already in place at Whole Foods. It is really amazing but I’m certain evil Visa and Mastercard will use this technology as an excuse to raise interchange fees even more, despite the fact that only 13 percent of the credit card transaction costs actually goes toward interchange. The rest is used for marketing, rewards and advertising.
I really hope to use this fingerprint technology at stores everywhere soon but I am worried about the impact on retailers and other merchants. The facts and figures are available at my organization’s website at http://www.unfaircreditcardfees.com
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The whole point of this is that unlike with fingerprints you DON’T have to worry about people chopping off your fingers. A disconnected finger with no blood running through it is worthless.
I’m interested to know whether over time an individuals vien patterns would change. It’s true that viens in legs etc move slightly over time does the same happen in our hands?
pay for transactions with your finger tip…
Hitachi has taken the wraps off of a new payment technology that lets you make purchases with only your finger.
The new biometric system can measure the unique signature of the blood vessels in your fingers to authenticate transactions. Once you regis…
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[…] Fingerprint scanners are so last century. The new wave of finger-based recognition uses veins, not fingerprints, to ID people. Hitachi has just announced their new biometric cardless credit payment system that reads the patterns of blood vessels in one’s fingers. Apparently, all our veins are unique, like snowflakes or, well, fingerprints, and can be used to easily ID people. Simply slide your finger into the machine and in a second you’ll be verified. These things should start popping up in Japanese convenience stores and panty vending machines in the near future, with their migration over here sure to happen soon afterwards. Anything that’ll let me pay for stuff without having the few seconds that getting my wallet out takes to ponder my purchase is A-OK with me. [Pink Tentacle] […]
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What happens when a hacker breaks into their network and changes everyones vein pattern to match the hacker’s so only he/she can access all of the accounts?
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Guyz.. i am doing a project on this.. can anybody tell me a source for cost analysis of this device?? plz
Plz email me at great_akash8@hotmail.com
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[…] As a commerce enabler, it works like this: you register your finger vein pattern with your credit card company, who pairs this data with your account information. When you want to buy something, you just stick your finger in a vein reader at the cash register and the transaction takes place instantly. [Link] […]
I’d like to purchase some of the miniature RFID systems for use in research. I could use the powder type or the older version which is slightly larger. Please advise. John