“As partners with TIS INTEC Group, one of Japan’s largest IT companies we were pleased to develop a new VR payment system using BioSig-ID’s passwordless biometrics. With this new way to authenticate identity in VR, participating companies can increase sales without leaving the VR space.” – Jeff Maynard, CEO and Founder, Biometric Signature ID
A major Japan-based IT company has started experimenting with gesture-based authentication technology from Biometric Signature ID (BioSig-ID).
The IT firm in question is TIS, headquartered in Tokyo, and counting a consolidated workforce of just under 20,000 employees. The company has recently been exploring approaches to implementing a payment system in Virtual Reality settings, where a major technical obstacle is the User Interface. That’s where BioSig-ID’s unique authentication system, which revolves around end users’ gesture patterns, offers a solution.
TIS engineers integrated BioSig-ID’s technology into a prototype VR payments system, and demoed it at the recent 16th Annual JCB World Conference. In a blog post describing the project, TIS said the authentication system “realized 99.97% protection against imposters” and delivered “98% true user approval.”
At the JCB World Conference, the demo proved to be a hit, with TIS asserting that its team “received great feedback” and are convinced that the system offers a real solution for seamless VR payments. The company added that it’s now looking for partners for real world deployments.
“With this new way to authenticate identity in VR, participating companies can increase sales without leaving the VR space,” commented BioSig-ID CEO Jeff Maynard in a statement, adding that the first-of-its-kind system “received significant interest” at the JCB World Conference.
January 2, 2020 – by Alex Perala