Japan Plans Fingerprints for Currency

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Tourists in Japan to use fingerprints as 'currency' instead of cash


Fingerprints to be tested as ‘currency’

Tourists in Japan to use fingerprints as 'currency' instead of cash
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The system aims to make shopping and checking into hotels more convenient for overseas visitors CREDIT: ALAMY
11 APRIL 2016 • 9:20AM
V
isitors to Japan may soon be able to forget the hassle of having to change money – with the launch of a new system enabling fingerprints to be used as currency.

The system, which will launch this summer, aims to make shopping and checking into hotels faster and more convenient for overseas visitors, according to the Yomiuri newspaper.
It will involve foreign visitors first registering their details, including fingerprints and credit card information, in airports or other convenient public locations.

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The system will enable the government to analyse spending habits CREDIT: GETTY IMAGES
Registered tourists will then be able to buy products, with taxes automatically deducted, from select stores by placing two fingers on a small fingerprint-reading device.
The fingerprint system will also be used as a speedy substitute for presenting passports when checking into hotels, which is currently a legal obligation for overseas tourists, according to reports.
In its first test phase, the project will involve 300 souvenir shops, restaurants, hotels and other establishments frequented by tourists in popular destinations including the mountainous hot spring resortarea Hakone and the coastal town Kamakura.

The fingerprint experiment is part of a wider effort by the Japanese government to encourage visitors from overseas to visit the capital in the run up to the 2020 Tokyo Olympic and Paralympic Games.
Officials are hoping to launch the system throughout the country – including Tokyo - by 2020, with as many as 40 million overseas annual visitors expected by that year.
The new system will also enable the government to analyse the spending habits and patterns of foreign tourists, with anonymous data to be managed by a government-led consultative body.

The data obtained from the project will be used to help government officials create effective tourism management policies, according to Yomiuri.
One concern among officials, however, is that some tourists may be reluctant to provide fingerprint information voluntarily due to fears relating to privacy issues.

Fingerprint as payment

Biometrics - using your body to as an alternative to passwords - are on the rise. In February, Mastercard confirmed it would accept selfies and fingerprints instead of account passwords in the UK.
Several mobile wallets already use fingerprints as a way to authenticate payment. Registering debit or credit cards to an Apple Pay-compatible iPhone allows users to make payments or transactions by pressing a thumb or finger to the Touch ID fingerprint scanner in the home button to verify their identity.
Customers can also use it to travel around London's TfL networks.
Samsung Pay and Android Pay have also started to let consumers pay for things using the fingerprint scanner.

How secure are fingerprints?

In the case of mobile payments, the smartphone maker, such as Apple, does not store your card numbers on the device you're using for Apple Pay, nor on their servers. Instead, when a card is added, a unique Device Account Number is created and encrypted. This number is stored in a chip within your device called the secure Element.
When you go to make a transaction, the Device Account Number is matched with a dynamic security code unique to that specific payment, which is then processed.

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Make payments by pressing your finger to the Touch ID sensor
If your iPhone, iPad or Apple Watch is lost or stolen, you can suspend Apple Pay remotely or wipe it fully using Find My iPhone.
Fingerprints, like any other security measure, can be spoofed. In fact, researchers have claimed they have hacked a Samsung Galaxy S6 and a Huawei Honor 7 phone by taking a photo of someone's finger and printing it out with special ink. The other problem is you have only 10 fingerprints - and they can never be changed.
However it is still considerably more difficult to steal and reproduce a fingerprint than to brute-force guess a password or a pin. Perhaps the most secure approach is to have a two-step authentication system that includes both a password and a fingerprint.

 

Saka

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Here come the police states, and don't think your politicians won't be down with this when the rest of the world is employing it on their citizenry.

India: India's billion-member biometric database raises privacy fears
India's parliament is set to pass legislation that gives federal agencies access to the world's biggest biometric database in the interests of national security, raising fears the privacy of a billion people could be compromised.

In computer security, biometrics refers to authentication techniques that rely on measurable physical characteristics that can be automatically checked.

There are several types of biometric identification schemes:

  • face: the analysis of facial characteristics
  • fingerprint: the analysis of an individual's unique fingerprints
  • hand geometry: the analysis of the shape of the hand and the length of the fingers
  • retina: the analysis of the capillary vessels located at the back of the eye
  • iris: the analysis of the colored ring that surrounds the eye's pupil
  • signature: the analysis of the way a person signs his name.
  • vein: the analysis of pattern of veins in the back if the hand and the wrist
  • voice: the analysis of the tone, pitch, cadence and frequency of a person's voice.
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China:China 'social credit': Beijing sets up huge system - BBC News

In most countries, the existence of a credit system isn't controversial. Past financial information is used to predict whether individuals will pay their mortgages or credit card bill in the future.

But China is taking the whole concept a few steps further. The Chinese government is building an omnipotent "social credit" system that is meant to rate each citizen's trustworthiness.

By 2020, everyone in China will be enrolled in a vast national database that compiles fiscal and government information, including minor traffic violations, and distils it into a single number ranking each citizen.​
Click to expand...
 
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