View all newsletters
Receive our newsletter – data, insights and analysis delivered to you
  1. News
March 6, 2013updated 04 Apr 2017 4:12pm

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.

By Kitty Dann

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

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Wednesday.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Electronic Payments International