Danish FinTech trials finger vein payments
Written by Peter Walker
Digital payments specialist Nets has started testing finger vein payments with students and visitors at Copenhagen Business School (CBS).
The FinTech firm said that scanning the structure of veins in customers’ fingers makes for faster and safer payments.
In collaboration with CBS, Smart Payments and Fingopay, Nets has installed finger scanners at the check-outs in the business school cafeteria. Anyone with a Dankort, the Danish domestic card scheme, can enrol in the system and link the unique pattern of veins in their finger to their account.
Nets explained that paying with your finger vein is similar to the biometric capabilities on smartphones that consumers are already comfortable with – and even more secure because finger vein patterns are almost impossible to replicate and blood circulation must be detected for the payment to be authenticated.
“The pilot underway at CBS demonstrates how fast payments technology is developing,” commented Jeppe Juul-Andersen, vice president of Dankort. “We are excited to see how card holders find the finger vein payment experience. If they react positively, we will consider launching pilot schemes in other Nordic countries as well,” he added.