In September Hitachi will begin testing their new biometric cardless credit payment system called “finger vein money”. This system allows customers to pay for purchases using only their finger. The finger vein money system uses technology Hitachi has developed that authenticates a person’s identify by checking the patterns of the blood vessels in the individual’s finger.
These patterns are unique to every person, like fingerprints or retinas. And because the patterns are located in the finger, they are very difficult to counterfeit. This authentication system is currently being used in Japan for ATMs, computer log-in systems and door access control systems.
In order to use the finger vein money system the consumer must first submit their vein data to their credit card company. Once this is done when the consumer wishes to make a purchase they need only to go to the register and then place their finger into a scanner. The scanner will then read the vein pattern of the finger verifying the identity of the individual and crediting the purchase to their account.
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