I can only see this going into a very dystopian path. Based on their actions, I don't trust these companies, their security practices, nor their privacy policies. Why would I give them my biometrics? And my full palm, at that!? Hell no!
One scar away from losing access to your ability to pay …
Biometrics can not really be changed. Except maybe through time or trauma (i.e. age or injury). They can be used to uniquely(?) identify a person - except maybe twins - at the expense of anonymity, which has it's own set of problems.
But because they can not easily be changed they're a terrible security feature. Once they leak, they're unusable and you're hosed. You can't issue a new palm print for your bank account like you could a new chip card and password.
Also, just because you waved your hand over a scanner does not mean that you approve and consent of the transaction. With tap to pay there were ideas of mobile point of sales devices just tapping on peoples backpacks in a crowded area. You don't even keep your biometrics markers in your pocket, they're just out in the open for anyone with a camera. This may be bordering on paranoia, but a few years back (2014) German hackers from Chaos Computer Club took iris scans from Angela Merkel (then Chancellor of Germany) and finger prints of Ursula von der Leyen (then Minister of defense) using nothing but press fotos. Cameras have only gotten better.
TL;DR: Biometrics can be used for identification but should never be used for authorisation.
Its hard to believe anyone would use the thing. It'll be more problematic if/when its used for regulatory purposes. Sort of at the desensitization still. Today.
I had to take a State exam for licensure a few years back. I was told that I had to take a palm/vein scan to prove my identity. I informed her Ive never had one so it could not prove my identity-- but hey, Im the crazy one. Its on a server somewhere now tho... Modernity is pretty stupid, tbh.
One point of failure that can’t be replaced if stolen?
This won’t ever take off, and will most definitely die out quickly in favor of literally any other technique including just embedding an nfc chip and battery to your palm surgically. Which I probably still wouldn’t be thrilled about but
I still think the idea of tech implants are cool but I've also reached the point where I wouldn't get one unless I learned to build it myself and was in charge of every single aspect of it.
Considering I lack degrees in medicine and computer science, I don't think I'll have them done anytime soon lol
bro, come back to me when most stores accept touch emv payments. lol, like each fucking store is gonna know what to do with a fucking palm scan when emv is fucking forbidden magic.
I don't understand what this solves... We can use a card faster than this (a mere tap), and if we forget our card, it's programmed into our phones and even our watches as a backup.
My dad who lives in a small village (around 5k people) has his account in a local bank. Nothing really differs this bank from big companies. Theyre just local.
So my dad has this axcount and we are in a city nearby and want to do some shopping, spend some money on gear etc. But he looks for cash and its not in car. Then, ofc, he looks for his wallet with all his cards and he hasnt it too. So we are kinda fucked up and going back home and to shops would take an hour. (We were low on gas too.) So he withdraws cash with his fucking hand. Fucking hand. Pretty useful tbh but rather not safe.