Firm to expand fingerprint ID
By Zhu Shenshen |
February 1, 2011, Tuesday
|
Print Edition
Print Edition
LIVE By Touch Holdings Ltd, which raised 500 million yuan (US$75.7) from three investment firms last month, will expand its fingerprint payment services online and on Lenovo's computers, the Shanghai-based firm said yesterday.
Cooperating with banks Live By Touch allows users to enjoy discounts if they are willing to try the fingerprint identification technology, which bundles users' bank accounts with their fingerprint information.
"We will kick off the new online registering services on Lenovo's computers first," Max Chen, Live By Touch's chief executive, said during a one-on-one interview. He did not give a firm date when the online fingerprint registering services using notebooks will be available as the technology is still being tested.
With the new services, users can upload fingerprint information and complete the registering process with Live By Touch at home, through their computers' fingerprint identification features or special fingerprint scanning devices provided by the company. The devices are now available in 30 shopping malls and bank outlets. Customers can also call for a door-to-door service for fingerprint registration.
By October, Live By Touch had 700,000 users in Shanghai. The use of fingerprint identification payment has grown from several transactions in 2007 to over 40-50 million transactions in 2009.
In December, the firm got funding from Legend Capital, CDH Investments and China International Capital Corp. It will use the funds to expand locally and boost the wholesale business, Chen said.
Cooperating with banks Live By Touch allows users to enjoy discounts if they are willing to try the fingerprint identification technology, which bundles users' bank accounts with their fingerprint information.
"We will kick off the new online registering services on Lenovo's computers first," Max Chen, Live By Touch's chief executive, said during a one-on-one interview. He did not give a firm date when the online fingerprint registering services using notebooks will be available as the technology is still being tested.
With the new services, users can upload fingerprint information and complete the registering process with Live By Touch at home, through their computers' fingerprint identification features or special fingerprint scanning devices provided by the company. The devices are now available in 30 shopping malls and bank outlets. Customers can also call for a door-to-door service for fingerprint registration.
By October, Live By Touch had 700,000 users in Shanghai. The use of fingerprint identification payment has grown from several transactions in 2007 to over 40-50 million transactions in 2009.
In December, the firm got funding from Legend Capital, CDH Investments and China International Capital Corp. It will use the funds to expand locally and boost the wholesale business, Chen said.
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