Nets and Sthaler team up for finger-vein enabled payments
London-based biometric tech vendor Sthaler is working with Nordic payments provider Nets to introduce finger-vein enabled payments to the consumer market in Europe.
Sthaler’s technology, Fingopay, will be trialled in Nets’ Idea Lab over the next few months.
Fingopay works via an electronic biometric reader which builds a 3D map of the customer’s finger veins, generating a unique personal key. Once registered, the customer can use their finger to make payments.
Sthaler describes finger-vein identification as “one of the safest, most efficient biometric systems”. The company is already providing its finger-vein ID technology to the likes of Visa and Worldpay. The company was set up in 2011.
Earlier this year, Nets launched a digital wallet technology to allow customers to pay for their goods through the Dankort app. The biometrics payment option will be trialled within the wallet’s capabilities.
“We are always looking for ways to innovate and progress our payment solutions,” says Jesper Kildegaard Poulsen, head of innovation incubator at Nets.