JCB Starts Trials of Payment by Palm for Practical Application

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JCB Co., Ltd. (“JCB”), the only international payment brand based in Japan, will be conducting a trial of payment using palm vein authentication in corporation with Fujitsu Limited and Fujitsu Frontech Limited. The trial will be held at the JCB World Conference in October, an event attended by JCB partner companies and financial institutions from around the world.
Payment by palm leverages the JCB global network with Fujitsu’s palm vein authentication technology, one of the most accurate biometric authentication technologies in the world. After linking a palm vein pattern and payment card information, customers can make a simple, fast and secure payment by using palm. Multiple cards can be linked to one pattern, and customer does not need to bring his or her wallet or any mobile payment device.
Palm vein authentication is highly accurate (see “About Palm Vein Authentication”), and already being used for many applications such as bank ATMs and high security area access control systems. Incorporating this authentication method with the JCB global network will create the world’s first payment way of its kind.
In addition to the trial at JCB World Conference in October, JCB has already conducted a trial of, involving several hundred employees at the JCB headquarters in Tokyo in July 2015.
“We are planning pilots in different global markets in order to develop a unique biometric-based program using the most secure accurate palm vein authentication, followed by the trial at the JCB World Conference. I am confident that this new payment method using innovative technology will be in line with the needs of JCB customers and partners around the world,” Tac Watanabe, Executive Vice President, Brand Infrastructure & Technologies of JCB, said.
Questions & Answers
Q.What is the primary purpose of the upcoming trial at the JCB World Conference?
What is the primary purpose of the upcoming trial at the JCB World Conference?
The trial will assess payment using palm vein authentication, combining JCB's global network with Fujitsu's biometric technology. This aims to create a simple, fast, and secure payment method without needing a wallet or mobile device, allowing multiple cards to be linked.
Q.Which specific companies are collaborating with JCB on this payment trial?
Which specific companies are collaborating with JCB on this payment trial?
JCB is collaborating with Fujitsu Limited and Fujitsu Frontech Limited for the palm vein authentication trial. This partnership combines JCB's payment network with Fujitsu's highly accurate biometric technology to develop this new payment method.
Q.Has JCB conducted any previous trials of this payment method before the October conference?
Has JCB conducted any previous trials of this payment method before the October conference?
Yes, JCB conducted an earlier trial involving several hundred employees at its Tokyo headquarters in July 2015. This precedes the planned trial at the JCB World Conference in October, which will include global partners.
Q.What are the immediate next steps for JCB after the World Conference trial regarding this technology?
What are the immediate next steps for JCB after the World Conference trial regarding this technology?
Following the JCB World Conference trial, JCB plans to conduct pilots in different global markets. The goal is to develop a unique, biometric-based program using secure palm vein authentication, meeting customer and partner needs worldwide.
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