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Stock impact report

Handwave lends a hand to retailers with its European alternative to Amazon's palm payments [TechCrunch]

JP Morgan Chase & Co. (JPM) 
Last jp morgan chase & co. earnings: 4/14 06:43 am Check Earnings Report
Company Research Source: TechCrunch
That's Amazon, though, which explains why it has been deployed in Amazon stores and more than 500 Whole Foods Market stores in the U.S., but only 150 third-party locations. Meanwhile, fintech startups like Latvia's Handwave are stepping onto the field, aiming to provide third-party retailers with a similar but independent solution for faster checkout while leveraging the giant's role in popularizing biometric payments in the West. (China has already begun adopting biometric palm payments, with Tencent working to bring its Weixin Palm Pay service into mainstream use Like Apple's Face ID, palm scanning uses more than static images: it analyzes palm vein patterns and also verifies that the user is physically present when they hover their hand over the scanner. This method works for secure contactless payments and also applies to broader identity verification scenarios — with players like Keyo also supporting secure building access and other applications In contrast, Handwave is foc Show less Read more
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