Wirecard drives smart biometrics with innovative palm scanner

Aschheim (Munich) (ots) -

- Wirecard sees biometrics as the next big payment trend after
smartphones, and is already developing respective technologies
- Consumers can pay quickly and easily by scanning their palm
- Numerous use cases include events, mobility and retail

Wirecard, the global innovation leader for digital financial
technology, is reinforcing its position as a pioneer and trendsetter
for cashless shopping solutions. Wirecard is introducing a smart
payment terminal at which consumers can pay by scanning their palm.

The new prototype will expand Wirecard's portfolio in the area of
biometric payments and enable fast, convenient payments without any
further proprietary infrastructure. This method will be able to
replace traditional cash registers in the future. Wirecard is thus
complementing its facial recognition-based IoT shelf launched in
2018, and is once again showing what the shopping and payment
experience could look like in the future.

The new solution is not only suitable for use in the retail
industry, but is also ideal for admissions at events such as music
festivals and sports events, or in the mobility sector including
public transport or at the airport. Consumers experience a seamless,
digital payment and shopping experience and can even leave their
smartphones or wallets at home.

According to recent international research conducted by Oxford
University in collaboration with Mastercard, the vast majority of
consumers (93%) prefers biometrics over passwords for validating a
payment.

Jörn Leogrande, Executive Vice President of Wirecard Labs, said,
"At Wirecard, we strongly believe that biometrics will follow
smartphones as a major means of payment and replace passwords in the
future. With the new palm scanner, the advantages for consumers are
clear. The scanner is fast, simple and extremely secure due to the
uniqueness of everyone's palm. We want to shape the future of the
retail industry and consumer experience, and for this reason are
already developing tomorrow's technologies today."

The Smart Biometrics solution works by allowing registered
customers to place their palms on the biometric scanner for
identification. This triggers a real-time payment via the digital
Wirecard Financial Commerce Platform.

About Wirecard:

Wirecard (GER:WDI) is one of the world's fastest growing digital
platforms in the area of financial commerce. We provide both business
customers and consumers with a constantly expanding ecosystem of
real-time value-added services built around innovative digital
payments by using an integrated B2B2C approach. This ecosystem
concentrates on the areas payment & risk, retail & transaction
banking, loyalty & couponing, data analytics & conversion rate
enhancement in all sales channels (online, mobile, ePOS). Wirecard
operates regulated financial institutions in several key markets and
holds issuing and acquiring licenses from all major payment and card
networks. Wirecard AG is listed on the Frankfurt Stock Exchange (DAX
and TecDAX, ISIN DE0007472060). Visit us on www.wirecard.com, follow
us on Twitter @wirecard and on Facebook @wirecardgroup.

Wirecard media contact:
Wirecard AG
Jana Tilz
Tel.: +49 (0) 89 4424 1363
Email: jana.tilz@wirecard.com

Original-Content von: Wirecard AG, übermittelt durch news aktuell