Name: Amazon introduces ability to pay with your hands
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Amazon introduces ability to pay with your hands

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Instead of using a or to pay for your goods, wants you to use your hands. In a blog post, the company unveiled its own palm recognition technology, known as Amazon One. The , first rolling out in Amazon's home market of Seattle, will use people's palms to identify them and combine that with details of the palm, such as lines and ridges, to build a “palm signature.”"In most environments, Amazon One could become an alternate payment or loyalty card option with a device at the checkout counter next to a traditional point of sale system," Dilip Kumar, vice president, Amazon Physical Retail, wrote in the . "Or, for entering a location like a stadium or badging into work, Amazon One could be part of an existing entry point to make accessing the location quicker and easier." Ticker Security Last Change Change % AMAZON.COM INC. 136.45 +3.18 +2.39% In addition to the trial&nbsp;in the company's Go stores in Seattle, starting today, Kumar added that Amazon One will come to other Amazon stores and will be used for more than just paying with your palm."[W]e believe Amazon One has broad applicability beyond our retail stores, so we also plan to offer the service to third parties like retailers, stadiums, and office buildings so that more people can benefit from this ease and convenience in more places," Kumar added. "Interested third parties can reach out through the email address provided on our Amazon One website."Though Amazon has introduced other ways to pay for goods at its physical stores, including the use of cameras and an app linked to your Amazon account, Kumar explained palm recognition offers another level of ."We selected palm recognition for a few important reasons," the exec wrote. "One reason was that palm recognition is considered more private than some biometric alternatives because you can’t determine a person’s identity by looking at an image of their palm. It also requires someone to make an intentional gesture by holding their palm over the device to use. And it’s contactless, which we think customers will appreciate, especially in current times. Ultimately, using a palm as a biometric identifier puts customers in control of when and where they use the service."To use Amazon One, people don't need an Amazon account, simply a phone number and a credit card. For those concerned about privacy, Kumar wrote users can delete their biometric data should they decide they no longer want to use it.The announcement comes just one day after the Jeff Bezos-led company officially announced it would hold its “Prime Day” shopping event next month, taking place between Oct. 13 and Oct. 14.While Amazon doesn’t disclose specific sales figures, the company said last year’s “Prime Day” was the “largest shopping event” in its history.Shares of Amazon were moving higher in early Tuesday&nbsp;trading, up 0.3% to trade at $3,183.30.

Instead of using a or to pay for your goods, wants you to use your hands. In a blog post, the company unveiled its own palm recognition technology, known as Amazon One. The , first rolling out in Amazon's home market of Seattle, will use people's palms to identify them and combine that with details of the palm, such as lines and ridges, to build a “palm signature.”"In most environments, Amazon One could become an alternate payment or loyalty card option with a device at the checkout counter next to a traditional point of sale system," Dilip Kumar, vice president, Amazon Physical Retail,...

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Chris Ciaccia

Fox Business (officially known as Fox Business Network) is an American pay television business news channel that is owned by the Fox News Media division of Fox Corporation. The network discusses business and financial news.

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Amazon introduces ability to pay with your hands

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