Campus C-store accepting finger vein biometric payments

23 September, 2017, 05:56 | Author: Leticia Walters
  • Mastercard last October announced plans to roll out the facial recognition payment technology around the world in 2017

This week a Costcutter store, at Brunel University in London, made the headlines when it emerged that the outlet was letting customers pay using their unique finger vein pattern to identify themselves.

Fingopay's electronic reader, created by biometric identification and authentication service provider Sthaler, maps the veins in the user's fingers and links this back to the person's bank account.

"Today's millennial generation now expects a higher level of ease, security and efficiency from the way that we pay, and we are incredibly excited to bring our Fingopay technology to students at Brunel University London through the Costcutter store".

Almost two thirds of Brits want to be able to use a biometric scan to authorise payments in-store, according to a WorldPay survey. "The real benefit is not having to queue at the ATM and not worry about losing cash or cards anymore". Users who register for the system have their biometric profiles linked to their payment information, allowing them to make purchases without the need for payment cards or any other payment mechanisms. And the firm behind the technology, Sthaler, are aiming for 3,000 by November.

According to Nick Dryden, chief executive of Sthaler, the system would appeal to young people.

James Budkiewicz, Assistant Director of the Commercial Directorate at Brunel University London commented: "We are delighted to explore some of the most innovative technology available to us that the United Kingdom has to offer".

Fingopay was also trialled at a bar in Camden earlier this year, with 2,000 customers signed up.

Security consultant Graham Cluley said: "There have been fingerprint biometric systems in the past that have been easily tricked". You can't change your finger. 'Your vein pattern is secure because it is kept on a database in an encrypted form, as binary numbers.

"This is a good thing to do", he said.

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