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'Fingopay' Authenticates Sales Using a Finger-Vein Reading System

 - Jul 5, 2017
References: fingopay & biometricupdate
Nets, a Nordic payment provider is exploring the possibility of trialing 'Fingopay' a biometric payment method that utilizes a finger-vein reading system to eliminate credit cards and pin numbers while enhancing personal security.

An infrared light scans users' prints, creating a '3D map' of the veins in the user's finger. Customers can then register their unique vein pattern as a preferred payment method, essentially linking their bank account to their finger tips. At cash points, customers will scan their finger -- if the vein pattern from the device matches the registered vein pattern, the sale is authenticated.

This biometric payment method would offer users a more secure alternative to easily compromised credit cards while also providing an efficient and potentially line-eliminating system.