# Biometric Payment Methods 'Fingopay' Authenticates Sales Using a Finger-Vein Reading System By Ell Smith | Published 2017-07-05 | Business Source: Trend Hunter, https://www.trendhunter.com/trends/biometric-payment-method References: [biometricupdate](http://www.biometricupdate.com/201706/nets-trialing-fingopay-biometrics-based-payment-technology) & [fingopay](http://fingopay.com/) 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](https://www.trendhunter.com/trends/payment-terminal-solutions), 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. ## Trend Insights (Trend Hunter) - Score: 3.8/10 - Popularity: 47% | Activity: 60% | Freshness: 8% - Audience gender: 50% men, 50% women - Primary generations: Gen X - Top markets: Europe ## Categories [Trend Hunter](https://www.trendhunter.com/trends) > [Business](https://www.trendhunter.com/business) > [Retail](https://www.trendhunter.com/retail) ## Key Themes ### Key Themes Behind This Trend - **Biometric Payment Authentication:** Fingopay's finger-vein reading system could replace traditional payment methods and eliminate the need for passwords or pins. - **Enhanced Personal Security:** Finger-vein reading technology offers enhanced security measures that could disrupt the security industry. - **Increased Payment Efficiency:** Biometric payment methods could streamline the payment process and disrupt the payment processing industry. ### Where This Applies - **Payment Processing:** Fingopay's biometric payment method could disrupt the payment processing industry by replacing traditional payment methods. - **Security:** Finger-vein reading technology could disrupt the security industry by introducing new authentication methods. - **Retail:** Biometric payment authentication could improve the retail customer experience by providing a more efficient and secure payment option. ## Related on Trend Hunter - [Fingerprint-Scanning Payment Cards](https://www.trendhunter.com/trends/biometric-payment-cards.md) - [Palm-Enabled Contactless Payments](https://www.trendhunter.com/trends/amazon-6.md) - [Biometric Debit Cards](https://www.trendhunter.com/trends/biometric-debit-card.md) - [In-Car Fuel Payments](https://www.trendhunter.com/trends/mercedes-pay.md) - [Biometric Banking Technology](https://www.trendhunter.com/trends/biometric-system.md) - [Bank-Enabled Payment Rings](https://www.trendhunter.com/trends/intesa-sanpaolo-1.md) - [Grocery Payment Palm Scanners](https://www.trendhunter.com/trends/amazon-one-1.md) - [Futuristic Palm-Scna Locks](https://www.trendhunter.com/trends/tcl-d2-pro.md) - [Biometric Security Crypto Wallets](https://www.trendhunter.com/trends/auroom-crypto-wallet.md)