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New deployments, technologies and markets are driving the implementation of biometric payment systems for in-store and online purchases.

Formula 1 racing’s Miami Grand Prix is expanding biometric payments for fans. Qualcomm is launching a new palm payment terminal with Telpo. A patented palm biometrics system, with its contactless palm recognition, developed by Astra Tech is poised to be rolled out in UAE supermarkets.

Biometric Registration and Payments Deployed for F1 Miami Customers

Formula 1 racing is the latest sport to embrace biometric payments on what looks like a long-term basis. A release from the Formula 1 Crypto.com Miami Grand Prix 2024 says the event is expanding its relationship with J.P. Morgan Payments to enable customers to buy merchandise at retail outlets using palm biometrics or facial recognition.

The biometric payments system will be deployed both in stores on the Miami International Autodrome campus and for online purchases. South Florida Motorsports (“SFM”), which organises the Grand Prix, claims the intention is to improve the retail experience for fans by reducing friction and time needed to make purchases.

J.P. Morgan Payments’ system leverages a familiar one-time mobile biometric enrolment process in which users can register their palm or facial scan, which is then matched at the point of purchase, either at an on-site shop or via a newly launched e-commerce retail store.

The SFM/J.P. Morgan collaboration allows for the sharing of customers’ personal data by giving SFM access to J.P. Morgan Payments’ Commerce Centre, which allows the company to configure payment settings, search transaction history and access customer purchase data.

US-China Collaboration for Retail Palm Payments

Last year, Invest in China reported that US chip provider Qualcomm highlighted China as a pivotal business partner and valued customer. Qualcomm sees huge opportunities in partnering with Chinese companies in 5G, artificial intelligence, the internet of things and intelligent connected vehicles, the outlet said.

China has always been Qualcomm’s most important global market. More than half of Qualcomm’s global revenue comes from the Chinese market. The company has maintained close cooperation with Chinese enterprises over the years to promote technological development and the launch of products in the global market, chairman of Qualcomm China Frank Meng said on the sidelines of Qualcomm’s 2023 annual tech summit.

Now, Qualcomm has partnered with Chinese smart terminal provider Telpo to launch a new palm payment device, the Telpo P105, a biometric payment “option” for retail purchases.

Telpo P105’s hardware includes a 5.5-inch multi-touch display, RGB+IR dual-camera lenses, palm liveness detection, fill light and a range of interfaces.

Telpo says the biometric payment machines will simplify payment processes to reduce transaction times, leading to shorter lines and a more streamlined shopping experience. Cost, of course, is also a factor, and Telpo says the P105’s interface requires minimal training and can replace human workers to reduce labour expenses.

Palm Pay Service Introduced in UAE Supermarkets

Last year, United States-based biometric solution provider PopID announced a new integration partner and customer win in the United Arab Emirates (“UAE”) with digital payment solutions firm Network International and hypermarket chain Carrefour, respectively. The collaboration saw Carrefour consumers use PopID’s Face Pay face biometric platform to verify identities and authorise payments.

Now, the UAE is getting its first contactless palm recognition service, in a patented technology from PayBy, a fintech subsidiary of the major consumer technology holding group Astra Tech.

A press release includes standard-issue digital ID promises of increased efficiency and security in payments. What makes the contactless biometric system unique is its scanning mechanism, which enables customers to “effortlessly hover their palm over a device to make payments.” Designed for easy integration into existing point of sale (“POS”) systems, the service promises biometric palm authentication that is 1300 times more secure than facial recognition methods.

The above is paraphrased, with some text added for context, from the article ‘Retail businesses racing toward biometric payments to increase speed and security’ published by Biometric Update.  You can read the full article HERE.