NEW YORK–J.P. Morgan said it will begin testing biometric-based payments at some U.S. retailers. The pilot program includes palm and face identification to approve in-store transactions.
As CUToday.info has reported, surveys have shown Americans have a preference for biometric security and payments.
“J.P. Morgan Payments’ biometrics pilot offering should allow for fast, secure and simple checkout experiences for its merchants’ customers, delivering a modern payments experience to enhance customer loyalty,” the company said in a statement.
Tests at Brick & Mortar Locations
According to the bank, the initial pilots will be conducted at brick-and-mortar stores in the U.S. and, if deemed successful, i successful, a wider rollout would take place in 2024.
J.P. Morgan said the pilot could also extend to the Formula 1 Crypto.com Miami Grand Prix, which aims to be the first Formula 1 race to test biometrics-based payments.
“Formula 1 prides itself on pioneering solutions and state-of-the-art technology and being able to roll out this new biometrics-based payments scheme would enhance the race-day experience for our guests as they will enjoy a new, faster checkout process,” said Ramon M Peneda, vice president and chief information officer for the race, in a released statement.
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