Report: Amazon joins hands with partners in palm payment plan

>

amazon

Amazon is reportedly moving forward with palm-scanning technology designed to enable automatic in-store payment.

According to CNBC, Amazon and Visa are currently testing checkout terminals that would allow customers to “scan and go” at a physical store by identifying their hands. The biometric identification system would identify people by characteristics associated with the palms of their hands, including wrinkles and veins. Purchases would automatically be billed to a linked customer account.

Amazon initially filed for a patent for the technology at the end of 2019. However, following up on reports initially published in the Wall Street Journal, CNBC said that in addition to testing the system with Visa, Amazon is also discussing the project with financial services companies including Mastercard, JPMorgan Chase, Wells Fargo, and Synchrony Financial.

Amazon would also reportedly store data from the terminals and use it to analyze consumer spending habits. The retailer declined to comment.

Read the full article here.





Source link