JCB, an international payment brand originating from Japan, is trialing a biometric palm print and vein identification authentication system next month.
The card brand is running the tests with Universal Robot Co and the National Institute of Advanced Industrial Science and Technology.
It will use UR’s visible light palm authentication, using both palm print and vein patterns, which claims a false acceptance rate of only one in one billion transactions. In contrast to the palm vein technology using near-infrared light currently in general use, Universal Robot’s technology will make it possible to capture vein patterns with visible light for authentication purposes
The trial for Multipurpose Biometric Authentication will focus on testing technical aspects during the registration and payment flow: capturing customer palm print and vein patterns with a smartphone camera, storing the patterns on a server, performing authentication, and returning the results to the smartphone.
JCB said it will be studying how to utilise the authentication technology for a wide variety of services while only requiring the customer to register their palm information in the authentication server once using their own smartphone.
With new technology making the digital identity verification process faster, more cost effective, and reducing the amount of paperwork, a number of companies have turned to identification and background check solutions.
Last year, Canadian user authentication company Zighra launched SensifyID, an AI-powered continuous authentication and threat detection platform.
Intelligo Group, an Israel-based company which automates background checks, also recently raised $5.7m in Series A financing. While, identity authentication startup Trust Stamp landed its second investment from Second Century Ventures.
Copyright © 2018 RegTech Analyst
Copyright © 2018 RegTech Analyst
