Japanese startup allows consumers to pay with their fingertips

Sunday, August 7, 2016
By Paul Martin

RT.com
7 Aug, 2016

Remember the scene from the Hollywood movie ‘Back to the Future Part II’ where a character was able to pay for a taxi ride by swiping his finger? Well the move has just become a reality thanks to a Japanese startup company.

The Tokyo-based firm Liquid Inc. has solved a major challenge for implementing fingerprint payments, which involved matching the print to a huge database containing millions of other prints, according to the Wall Street Journal.

Backed by the Japanese government and the country’s biggest names in banking and technology, Liquid Inc. has begun rolling out the new payment system for retailers across Asia, including the Philippines and Sri Lanka.

Yasuhiro Kuda, head of the startup, said more biometrics technology should be used in society.

“Biometrics is convenient but it’s not widely used as much as it should be,” the 31-year-old said.

The Rest…HERE

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