3C Payment
Subscribe to our e-newsletter
Follow us on Twitter
Privacy and cookies
Established 1996
Saturday 24 August 2019

LATEST NEWS 

Danish FinTech trials finger vein payments

Written by Peter Walker
24/04/18

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.



Related Articles

Money Europe

Klarna

Talking shop: retail technology solutions from Brother
Retail Systems editor Peter Walker sits down with Brother’s senior commercial client manager Jessica Stansfield to talk through the company’s solutions for retailers and hospitality businesses, what’s new in labelling technology, and the benefits of outsourcing printing.

Why the High Street needs a digital upgrade
Fluent Commerce’s EMEA managing director Rob Shaw sat down with Retail Systems editor Peter Walker to discuss omnichannel opportunities, the best way to tackle technology and how the company is expanding into the UK and Europe.
Most read stories...
World Markets (15 minute+ time delay)