Pay with a glance at a screen as biometric technology company begins push into Australian retail
Summary
Verifone, a company that provides many payment terminals in Australia, is introducing new technology that lets people pay by scanning their face or hand veins. This technology aims to make payments faster, but shops will need to upgrade their equipment and banks must approve its use.Key Facts
- Verifone owns about 300,000 payment terminals (Eftpos) across Australia.
- The new payment method uses biometrics, like facial recognition or palm vein scanning.
- Customers can pay without cards or phones by looking at a screen or showing their hand.
- Shops must replace old payment terminals with Verifone’s new Victa devices to use this technology.
- Biometric data is turned into secure codes and not stored as images by Verifone.
- Customers can still use contactless card or phone payments as before.
- The company has security steps to prevent fake biometric scans.
- Contactless payments are currently used in over 90% of transactions in Australia.
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