Banco Sabadell conducts live demo of payment biohack

Banco Sabadell conducts live demo of payment biohack

Spain's Banco Sabadell has been demonstrating the use of implanted NFC chips to authorise payments with a wave of the hand.

The prototype, formed of an NFC chip which is injected under the skin between the tip of the thumb and index finger, was revealed to the public at the Mobile World Congress in Spain

Two volunteers agreed to undergo the trial to make a payment using the Banco Sabadell mobile application.

Anna Puigoriol, service solutions director at Banco Sabadell, says: “We work to satisfy our customer’s needs, and at this particular time we are carrying out several pilot tests and payment experience demos. Some of them will make the cut, and others won’t, depending on how customers react to them”.

The chips used in the demo have the same thickness as a grain of sand and are most commonly put to work for certain types of medical treatment. Puigoriol believes their potential for use goes far beyond the medical sphere, citing examples such as access control and in virtual reality applications as well as payments.
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Comments: (2)

Philip Andreae
Philip Andreae - PA&A - Atlanta 01 March, 2019, 14:07Be the first to give this comment the thumbs up 0 likes

Verifchip was approved by the FDA in 2004.  The introduction of payment credentials is somethign I have talked about at numerous conferences.  In fact just this past week at Kennesaw State University I used the touch and go concept of placing my hand on the terminal.  Nothing new here.

Philip Andreae
Philip Andreae - PA&A - Atlanta 01 March, 2019, 14:09Be the first to give this comment the thumbs up 0 likes

Spelling my apologies

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