Can palm brushing payment become a dark horse in the payment circle?
In August of last year, Tencent suddenly received a wave of explosive news about swiping palm payment, which caused a sensation throughout the network. Although Tencent clarified that the mobile payment is only a pre research of WeChat internal technology, and the test has not been started, so there is no application plan at present.
But everyone thinks that the second spring of mobile payment is coming. However, half a year has passed in the twinkling of an eye, and it seems that there is still no much market movement in pay by swiping palm. So Xiaojin was curious to have a deep understanding of Brush Palm Payment. Now let’s get to know the so-called payment black technology with Xiaojin!
As an identity verification, Xiaojin once saw a similar scene in the American science fiction blockbuster Transformers 4. It has become one of the important science and technology elements of science fiction theme to identify the whole palm to ensure the safety of identity verification.
The concept of palm brushing payment is not actually the first one created by Tencent. As early as 2008, 12 years ago, (Fujitsu) non-contact palm vein recognition system first appeared in Dalian Soft Trade Fair.
In order to solve the inconvenience and health problems of money transactions in school canteens, the Savings Bank of the Russian Federation, together with local IT service providers and Fujitsu, cooperates with PalmSecure sensor to use near-infrared to read the palm vein image of people, then generate a unique biological template and match it with the palm vein image of pre registered users. The false identification rate of PalmSecure technology is only 0.00001%, while the false rejection rate is only 0.01%. All functions are integrated in a very small device, and the super high-speed identity authentication can be completed in less than one second. It can realize contactless payment. The savings bank of the Russian Federation has introduced this palm recognition technology to 40 local colleges and universities, making the school cafeteria more convenient and efficient for IT management, and greatly improving the operating efficiency of the local school cafeteria.
The domestic application can be traced back to 2015, when Sichuan Panzhihua Commercial Bank launched the palm vein deposit and withdrawal business. In short, this technology is to take pictures of the “blood vessels” in the palm, and then convert them into unique codes to confirm the identity information, so as to conduct financial scenario payment transactions. Today, with the current epidemic situation, it is indeed more convenient, hygienic and safe to pay by brushing hands than by taking off masks.
In September 2020, Amazon released the palmprint recognition technology Amazon One, which was initially applied to the payment process of physical retail stores to achieve “hand” billing. As for the technology itself, Amazon said that the palmprint scanning device can capture the subtle features of the palm, including surface details such as lines and subcutaneous features such as vein patterns, to create a palmprint signature.
However, Tencent has released the internal test of palm brushing payment since last year, although it was clarified that it was a technical pre research, there was no product application test. However, at the end of 2021, Tencent Technology (Ŝenĵeno) Co., Ltd. won the patent authorization of “scanning equipment and payment equipment”. In addition, the patent also announced a device model with two cameras, which is alleged to be related to the previously hotly discussed “palm swiping payment”. This has to make the surrounding industries imaginative. Is Tencent going to surprise the market? No, it may also be a shock. After all, everyone doesn’t want to be a person who knows later.
The new payment function of Tencent WeChat payment, known as the new generation of payment experience, is the first technology in China to support palm swiping payment on face swiping payment devices. Users need to register their palms on the face brushing device and associate the face brushing with their personal WeChat account. When making offline purchases, they should point their palms at the scanning area of the WeChat payment device and complete the payment after the device is confirmed. Hand brushing payment and face brushing payment both belong to the application of biometrics in the payment field, and both are “non sensory payment”, which can be completed without touching the device. In addition, compared with ordinary password payment, biometrics also has convenience and security.
Although Tencent’s market attitude is not very clear this time, from the perspective of future development trend, Xiaojin has several views for your reference:
- Palm brushing technology has already been applied in real scenes in Japan, Russia, the United States and other regions, and has achieved good results. Then it is an inevitable trend for China to follow up on technological innovation. Unless our current application scenarios of fingerprint, face brushing and iris basically do not need the supplement of palm brushing recognition.
At present, the brush palm recognition technology is still necessary. For example, in the payment scenarios of supermarkets and banks, taking off masks for face brushing means increasing the risk of epidemic infection. Therefore, many people still choose to pay with fingerprints or passwords. However, fingerprint and password identification still pose exposure risks. Therefore, at present, the non-contact technology of palm brushing induction still has its place.
- Palm swiping payment is unlikely to usher in too big a fluctuation in the financial payment market. The early mobile payment application market has already been divided up by major banks, WeChat, Alipay and other giants. In other words, the financial market cake has already been cut. With the advent of palm swiping payment, more scenarios will be added on the basis of the original payment technology to give users more choices. Therefore, in terms of market promotion, it is possible to have direct product iterative upgrading, and update supporting equipment directly embedded, saving large-scale market promotion costs.
- For the surrounding industries, there is a certain dividend on the level of technological production and manufacturing. For example, the camera module recognition technology of palm swiping payment is an important hardware technology support. With the emergence of palm swiping payment technology, there must be a new set of technical standards for camera modules, which is bound to bring a new round of camera module technology updates and market competition.
- Palm brushing technology may bring a certain degree of market heat in other application scenarios. For example, access control, elevators and other security areas. Because its market is relatively decentralized, it is difficult to integrate exclusively, and the technical requirements are single (if there are already door cards, fingerprint recognition technology is rarely embedded, or if there is fingerprint recognition, face recognition technology is rarely embedded). Therefore, it is very likely that there will be market competition reshuffle at different levels, thus generating a certain degree of market dividend.
Summary: Fingerprint, face brushing, iris and palm brushing recognition technologies are all designed to make our life and work more convenient and fast. At present, palm brushing payment is unlikely to become a dark horse in the payment field, but its technology application will certainly play a very important role in supplementing the overall project. Let’s look forward to the emergence of this new technology!
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