Payments device firm Keyo has revealed plans to work with – Fujitsu Frontech North America on integrating the former’s palm vein solutions.The parties have signed an agreement granting Keyo access to and distribution rights in Fujitsu’s patented PalmSecure technology.Keyo said it aims to improve the value proposition for retailers with the biometric tech, which use a near-infrared light to capture a user’s palm vein pattern.”Keyo was extremely impressed that the registration for PalmSecure device users takes less than one minute and authentication takes less than one second,” said Randy Fox, vice president, currency handling and identity product solutions, Fujitsu Frontech North America.”There is no worse feeling as a consumer than when they realize they’ve forgotten their wallet or for a retailer when they add up the dollars spent each month for credit card processing fees and fraud,” said Jaxon Klein, Founder, Keyo. “Having a strong technology partner behind us has given Keyo a distinct market advantage by keeping the payment solution simple yet with the ability to be a platform for the combination of other Fujitsu biometric applications.””As a small business owner, Keyo and Fujitsu have enabled us to improve our customer loyalty, and reduce transaction fees and fraud, while improving convenience during the payment process,” said Rosie Quarsarano, owner, Cup & Spoon, in Chicago’s trendy Humboldt Park neighborhood. “Customers simply scan their palm and they are on their way.”Fujitsu’s biometric solutions, PalmSecure sensors and PalmSecure for SSO (single sign-on), only recognize the palm vein pattern if blood is actively flowing within the individual’s veins, so forgery is virtually impossible. This advanced, vascular pattern recognition technology not only provides highly reliable authentication with low false accept and reject rates, but also allows for fast and easy enrollment. “Such technology is vital if Keyo is going to viewed as having the best-in-class biometric retail payment solution,” added Klein.”We are delighted with the relationship with Keyo and its strong belief that Fujitsu PalmSecure devices and technology are the right choice to rapidly evolve the retail payment space. With PalmSecure technology, Keyo is addressing an industry and demographic market under pressure from on-line retailers and thus are becoming very tech savvy and willing adopters of the technology,” added Fox.
Keyo to Integrate Fujitsu palmvein tech
