Students in Singapore can soon pay with 2 fingers through POSB Smart Buddy Programme Upcoming Touche Feature
Local students will soon, need not cash, cards, wearables, vouchers or smart wallets to make payment, as the biometric payments solutions will soon be available to our Singaporean school kids, as early as Q1 2018 !
The world's first biometric-based solution provider – Coolpay, has partnered with POSB, NETS, STYL and 3Radical to provide a fully biometric system for payments in local schools.
Touché was demonstrated at the launch on 16 August 2017, officiated by Minister for Education (Higher Education and Skills) Ong Ye Kung. It was announced as an upcoming feature of the POSB Smart Buddy programme, that have been customized for the school environment to allow payment through just two fingers.
Students will only need to register their two fingers once on the device and link it through the POSB Smart Buddy programme to their parents’ account. The students could then pay using their two fingers at any Touché device in the school. With existing features of the POSB Smart Buddy programme, parents can supervise their children’s spending, the items they buy and set limits on their daily expenditures.
A highly secure experience
Made in Singapore, the hardware of Touché is an elegant rectangular device that is certified with one the highest resolution biometric sensor in the market to detect two fingers for efficient payment. The biometric sensors that are used on the device are FBI Certified and read up to 45 unique points from each finger. Two fingers are needed for the biometric identification and authentication but the fingerprint images are never stored on the device. The unique points are hashed and encrypted before being sent to a securecloud database which facilitates highly accurate matching with false positives at the rate of less than one-in-a-trillion. Touché also utilises anti-spoofing technology that ensures the fingerprints used are real and that the person is indeed present.
For more information about Touché, kindly visit: https://gotouche.com
The world's first biometric-based solution provider – Coolpay, has partnered with POSB, NETS, STYL and 3Radical to provide a fully biometric system for payments in local schools.
Touché was demonstrated at the launch on 16 August 2017, officiated by Minister for Education (Higher Education and Skills) Ong Ye Kung. It was announced as an upcoming feature of the POSB Smart Buddy programme, that have been customized for the school environment to allow payment through just two fingers.
Students will only need to register their two fingers once on the device and link it through the POSB Smart Buddy programme to their parents’ account. The students could then pay using their two fingers at any Touché device in the school. With existing features of the POSB Smart Buddy programme, parents can supervise their children’s spending, the items they buy and set limits on their daily expenditures.
A highly secure experience
Made in Singapore, the hardware of Touché is an elegant rectangular device that is certified with one the highest resolution biometric sensor in the market to detect two fingers for efficient payment. The biometric sensors that are used on the device are FBI Certified and read up to 45 unique points from each finger. Two fingers are needed for the biometric identification and authentication but the fingerprint images are never stored on the device. The unique points are hashed and encrypted before being sent to a securecloud database which facilitates highly accurate matching with false positives at the rate of less than one-in-a-trillion. Touché also utilises anti-spoofing technology that ensures the fingerprints used are real and that the person is indeed present.
For more information about Touché, kindly visit: https://gotouche.com
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