# Palm Print Payment Services This Online Banking Platform Uses Palm Vein Biometric Technology By Katherine Pendrill | Published 2015-09-09 | Tech Source: Trend Hunter, https://www.trendhunter.com/trends/palm-vein-biometric References: [cutimes](http://www.cutimes.com/2015/07/27/fiserv-introduces-palm-vein-biometrics) & [fiserv](https://www.fiserv.com/index.aspx) 'Fiserv' recently integrated palm vein biometric technology into its online banking platform. While many financial institutions have introduced fingerprint-based passcodes, Fiserv has gone a step further by using an individual's palm print as a way of verifying their identity. The new technology is called 'PalmSecure' and it involves a series of sensors that utilize infrared light to identify a user's palm vein pattern. The sensors generate a unique biometric template that is then matched against the palm print of a registered user. The process of scanning a user's palm takes less than a minute and can yield a match in mere seconds. Once a user has been identified, they can use the service to withdraw funds or access their safety deposit box. The palm vein biometric technology gives consumers a secure option for accountholder verification, which ultimately helps to reduce the risk of fraud and identity theft. ## Trend Insights (Trend Hunter) - Score: 3.0/10 - Popularity: 29% | Activity: 53% | Freshness: 8% - Audience gender: 50% men, 50% women - Primary generations: Millennial, Gen X - Top markets: North America ## Categories [Trend Hunter](https://www.trendhunter.com/trends) > [Tech](https://www.trendhunter.com/tech) > [Gadgets](https://www.trendhunter.com/gadgets) ## Key Themes ### What Makes This Trend Stand Out - **Palm Vein Biometric Technology:** The integration of palm vein biometric technology in online banking platforms opens up opportunities for enhanced security and identity verification. - **Palm Print Verification:** Financial institutions utilizing palm print verification can improve account security and minimize the risk of fraud and identity theft. - **Infrared Palm Scanning:** The use of infrared palm scanning technology allows for quick and accurate identification of individuals, enabling efficient and secure transactions. ### Sectors Adopting This - **Financial Services:** The financial services industry can benefit from integrating palm vein biometric technology to enhance security measures and improve customer trust. - **Biometrics:** The biometrics industry has an opportunity to develop and provide palm vein scanning technology for online banking platforms, facilitating secure customer authentication. - **Cybersecurity:** The cybersecurity industry can capitalize on the need for secure palm print verification solutions, offering innovative tools and services to protect against identity theft and fraud. ## Related on Trend Hunter - [Palm-Enabled Contactless Payments](https://www.trendhunter.com/trends/amazon-6.md) - [Palm-Recognizing Smart Locks](https://www.trendhunter.com/trends/phillips-palmlock.md) - [Biometric Banking Technology](https://www.trendhunter.com/trends/biometric-system.md) - [Palm Print Authentication Smartphones](https://www.trendhunter.com/trends/realme-gt5-pro.md) - [Futuristic Palm-Scna Locks](https://www.trendhunter.com/trends/tcl-d2-pro.md) - [Grocery Payment Palm Scanners](https://www.trendhunter.com/trends/amazon-one-1.md) - [Fingerprint-Scanning Payment Cards](https://www.trendhunter.com/trends/biometric-payment-cards.md) - [Biometric Debit Cards](https://www.trendhunter.com/trends/biometric-debit-card.md) - [Seamless Biometric Payment Tools](https://www.trendhunter.com/trends/mastercard-1.md)