Amazon's New Technology May Let Customers Pay With Their Hands

Last year, New York Post published a report claiming that Amazon is planning on using customer’s hand IDs for making payments at Amazon’s whole foods market. However, The Wall Street Journal recently reported that these checkout terminals would be placed in all business stores that operate conventionally.

Amazon is reportedly working on a technology that could allow customers to use their hands to make payments. The information on how exactly this could be done is still a little smoky.

However, according to the report, this feat can be achieved through terminals where customers can link their credit card information with their palms. So, the customers will no longer need their credit cards to make payments in that respective store.

The customers first have to place their cards in Amazon’s credit card scanner, followed by their hands. The payment terminals will then scan and link the data. The terminals will scan details link wrinkles and even veins on the customer’s hand. 

The tech giant is already testing out this technology with VISA and will very soon move forward with Mastercard. 

Also, the scanned data of every customer will be stored in Amazon’s cloud. So, the same data may blend with every customer’s purchase on Amazon.com.

These payment terminals could be beneficial for business houses with “lots of repeat business with their customers.”

According to some sources, Amazon is already in talks with JPMorgan Chase & Co., Wells Fargo & Co., and Synchrony Financial to get this technology in all brick-and-mortar stores.

Via – Androidcentral