What you need to know
- Amazon is working on a new solution that will allow consumers to pay for purchases at stores using their palm.
- The payments system will make it possible for individuals to link their card information to their hands.
- Amazon will reportedly pitch the checkout terminals to fast-food restaurants, coffee shops, and other stores.
A report published by New York Post in September last year had claimed that Amazon was testing a new payment system that would make it possible for shoppers at its Whole Foods supermarket chain to pay for purchases using their hands as ID. Now, a new report from The Wall Street Journal has shed some more light on the upcoming payment system, suggesting it may not be limited to Whole Foods.
As per The Wall Street Journal, Amazon is working on checkout terminals that could be placed in coffee shops, fast-food restaurants, and other stores that do "lots of repeat business with their customers." These terminals will allow consumers to pay for their purchases with their palms, as all their card information will be linked to their hands. This would eliminate the need for taking out a physical card or your phone to make payments.
According to people familiar with the matter, the plans for terminals are currently in early stages. Amazon is said to have started testing it with Visa only recently and is in discussions with Mastercard. JPMorgan Chase & Co., Wells Fargo & Co. and Synchrony Financial are also reportedly interested in enabling consumers' card accounts to work with Amazon's terminals.
The payment system will require customers to use the terminals to link their card information to their hands. Exactly how that will be done, however, hasn't been decided yet. One of the options being considered is letting customers insert their card into a terminal and then let the terminal scan their hands. Once registered, all they will need to do to pay at a participating store will be to place their hand over the terminal.
The data that will pass through the terminals, will apparently be stored on Amazon's cloud. Amazon may integrate this data with consumers' Amazon.com spending, which would enable more targeted ads.
We may earn a commission for purchases using our links. Learn more.
Are you looking forward to the Pixel 5?
Even though we're months away from the Pixel 5's announcement, there are already a few rumors about what we can expect from the phone. Based on what we know so far, are you looking forward to the Pixel 5?
OnePlus 8 launch event to go ahead as planned as camera details leak out
A new leak has shed light on the camera hardware of OnePlus' upcoming flagship phone. The OnePlus 8 Pro will have a 48MP primary sensor, 48MP ultra-wide-angle lens, an 8MP telephoto lens, and a 5MP "color filter."
Daily Coronavirus updates: US COVID-19 death toll could exceed 100,000
COVID-19 has already infected over 720,000 people globally and caused over 34,000 fatalities. It has also had a huge impact on the tech industry, affecting the global supply chain and causing interminable product delays. Here are all the ways the coronavirus is affecting the world.
Which Android tablets you should buy and which to steer clear of
There is some truth to the saying "you get what you pay for," and while not every great Android tablet has to cost a fortune, some of the really affordable ones are really cheap for a reason. Here are some Android tablets worth forking over some money for and some you should probably pass by.