Leave Your Purse At Home! PulseWallet Lets You Pay With A Wave Of Your Hand

January 16, 2014  |  

This sounds very futuristic. There is a new payment service where you don’t need your credit card. Just your hand will do!

It’s called PulseWallet and it syncs your credit card info to the palm of your hand through its internal biometric technology. It uses a  built-in Fujitsu palm-scanning process called Palm Secure, which electrically photographs your unique vein pattern on your wrist just below the skin, reports The Huffington Post.

One perk: Since each individual’s veins is different, this process makes it very hard to forge.

“You are your wallet. Secured with a key that only you hold,” the company’s website says. The system officially debuted at the Consumer Electronics Show and goes on sale in February.

When you go to pay at any participating PulseWallet business (there aren’t any so far), you merely run your hand over the scanner. According to Fujitsu, “the technology is correct about 99.99992 percent of the time and since PulseWallet requires you to enter your phone number as a second degree of authentication, it hopes to raise that percentage to 100,” reports The Verge.

Similar technology is already being used. Students in Pinellas County schools in Florida in 2012 started paying for their meals with a wave of their hands over the palm scanner. Their “vein” info was synced to their parents’ credit cards, reported USA Today.

While America has been slow to adopt the technology, which has been around since 2005, countries like Italy and Brazil already use in. In fact, in those countries 35,000 ATMs utlize  the technology to prevent fraud.

How do you feel about this new type of biometric payment system?

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