Economy

United Kingdom retailer installs 'world's first' finger vein payment system

United Kingdom retailer installs 'world's first' finger vein payment system”

FingoPay - which uses technology licensed from Hitachi - works via an electronic reader which builds a 3D map of the customer's finger veins, generating a "natural personal key" - thus removing the need for the individual to enter any personal details upon registration to make a payment.

Instead of reading your fingerprint, however, the technology uses the unique pattern of veins underneath the skin on the fingertip.

According to the paper, Sthaler has said it is in serious talks with other major supermarkets to adopt the finger vein scanners at check-outs. The technology is already used in cashpoints in Poland, Japan and Turkey but this is the first time that it has been installed in a store for permanent use.

Sthaler will be launching Fingopay at Brunel University London's Freshers' Week, where students can sign up and register for the biometric payments system, with the first 1,000 registered receiving £5 credit. The company's commercial director told the Daily Telegraph, "This is the safest form of biometrics". Customers' bank details are then stored with payment provider Worldpay, in the same way you can store your card details when shopping online.

Incidentally, these are the same veins that are scanned with those fingertip devices your doctor might have clipped on your digit during your last checkup.

"This deployment of Fingopay in Costcutter branches demonstrates how consumers increasingly want to see their payment methods secure and simple".



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