Discover Is Testing Fingerprint Payments
Discover Financial Services Inc. has partnered up with Natural Security- a French biometrics firm- on a project that will allow its employees at their Riverwoods headquarters to purchase items at their cafeteria and convenience store with the touch of a finger.
Each employee participating in the new fingerprint payment system will receive a key fob with a chip in it that includes their credit-card account information. This key fob will be kept somewhere on the employee while they are making a purchase.
The employee then just taps his finger on the scanner, and that is all- he won’t need to fumble through their pockets looking for their credit card.
The biggest security benefit is that it guarantees that the fob key (credit-card information) will be on the person making the purchase at the time of purchase.
This should greatly reduce the risk of identity theft, as well as minimize your time at the register. If the program does well, it is likely that we will be seeing this new trend spreading into our convenience stores.
Paul Hudson | Elite.