• Register
Return to: Home > News > UniCredit brings in biometric payments

UniCredit brings in biometric payments

Unicredit has started market testing a biometric payment system in Milan which uses infra-red sensors to identify users at POS terminals.

The sensors recognise the geometry of veins in the user's palm, translating the information in the form of a unique numeric code.

The first payment using this method was made in December 2012 by Federico Ghizzoni, chief executive of UniCredit, who completed the transaction at Kiko Make Up, a cosmetics store in Milan.

Ghizzoni said the sensor will be connected to a conventional type POS terminal and may eventually replace credit cards and ATMs entirely.

"We've been working on a new way of banking, investing resources in development and advanced solutions that are capable of creating new products and services," he added.

Dubbed the 'papillon' payment system, the POS sensor uses palm scanning technology from Fujitsu developed by the UniCredit Research & Development team.

UniCredit has already begun using this technology to access the revolving doors of its HQ in Piazza Cordusio, Milan.

Ghizzoni said the technology will be introduced gradually for mobile payments across UniCredit's network.

In Japan, the Ogaki Kyoritsu Bank began offering customers the option of using Fujitsu palm-scanning biometric technology to access ATM services last year.

Related articles:

Yalamanchili provides payments platform for Indian biometric project

Biometric specialist Validity joins GlobalPlatform

Gemalto to focus on biometric payments technology in 2012

Top Content

  • EPC chairman bashes Germany’s payments scene at German payments bash

    It’s not often a conference speaker gets up and off the cuff delivers a singlehanded slating of a host country’s ecosystem that everyone would usually be there to promote.

    read more
  • Trump’s Durbin repeal won’t help US consumers

    President Trump’s plan to repeal the Dodd-Frank Act will rid the US of the Durbin Amendment, but it will not result in a better deal for consumers, according to GlobalData Financial Services

    read more
  • Top 8 takeaways from MPE Berlin

    If the learned experts in the world of payments are anything to go by at Merchant Payment Ecosystems in Berlin this year, the future of payments is all about mobile, open APIs and is pretty much in the hand of the internet giants

    read more
  • PSD2 will bring the end to the four party payments model

    The European and indeed global payments market is about to become a lot more complex in the wake of incoming PSD2 regulation at the beginning of 2018. So how will all the players evolve?

    read more
Privacy Policy

We have updated our privacy policy. In the latest update it explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our privacy policy. Please be aware that parts of this site will not function correctly if you disable cookies. By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy unless you have disabled them.