japanese startup allows consumers to pay with their fingertips - touch the screen

The Tokyo-
Liquid Based Company
According to The Wall Street Journal, fingerprint payments address a major challenge in implementing fingerprint payments, including matching fingerprints to a huge database containing millions of other fingerprints.
With the support of the Japanese government and Liquid Inc, the country's largest bank and technology company
It has begun to introduce new payment systems for retailers in Asia, including the Philippines and Sri Lanka.
Yasuiro Kuda, head of the startup, said the society should use more biometrics.
"Biometric technology is handy, but it is not widely used as it should be," 31-year-old said.
Read more: Putin ordered fingerprint identification of all foreigners arriving in Russia
"Free outside the Poolside bar, taxi or music festival," added Poolside . ".
"We believe this is for the future. smartphone age.
Biometrics means that an individual can use fingerprints, veins, and facial features as forms of identification.
The global market for biometrics is expected to expand from $2 billion in 2015 to $14.
According to The Wall Street Journal, the proportion was 9 billion as of 2024.
Popular biometric systems can be found in Apple products, for example, the iPhone identifies a fingerprint belonging to the owner of the phone when touching the screen.
However, there are many problems in this growing industry.
While the computer can easily identify the digital data on the credit card magnetic stripe to the entry of the cardholder's database, the fingertip mode is not that simple.
If a person presents a physical identification to speed up, it may make the transaction more secure.
The biometric method currently used by the police is the same as that of Liquid Inc.
When fingerprints are identified at the crime scene, but the time frame of the results takes at least one day, Kuda has accelerated this to speed up the process.
The system has been tested by Huis Ten Bosch Co, which operates a theme park in southern Japan.
Season ticket holders can pay for food and rides at their fingertips.
While it sounds good, some experts call it Liquid Inc.
Unrealistic ideas
William Saito, who consulted the Japanese government on cyber security, said he doubted whether it would benefit consumers.
"Without sacrificing speed and accuracy, this is of no use to commercial validation," he said . ".