Costcutter becomes first United Kingdom retailer to introduce finger vein payments

Costcutter becomes first United Kingdom retailer to introduce finger vein payments

The Costcutter supermarket at the prestigious Brunel University in London, is the new test-bed for this biometric payment system that allows customers to check out with a tap of their finger, in the same way that many people now tap their smartphone or credit card.

Fingopay and Costcutter are demonstrating the technology in the labs of Brunel University, where users must first go through the fuss of linking a finger scan with an existing credit card before paying the with biometric vein pattern reader, thereby adding one extra layer of tedious administration beyond that of simply using your credit card to pay in the first place.

The firm behind the technology, Sthaler, has said it is in "serious talks" with other major United Kingdom supermarkets to adopt hi-tech finger vein scanners at pay points across thousands of stores.

"You just bring yourself".

Prof Alan Woodward, a computer scientist from the University of Surrey, said a system that relied on vein patterns was more secure than previous biometrics.

James Frost, UK CMO, Worldpay, says: "As biometric identification increasingly becomes a standard across smartphone devices, the combination of these two technologies is starting to win the battle for hearts and minds when it comes to simplicity, convenience, and seamlessness across all channels". "There are no known incidences where this security has been breached". "No card details are stored with the retailer or ourselves, it is held with Worldpay, in the same way it is when you buy online", Binns told the Telegraph.

Nick Telford-Reed, director of technology innovation at Worldpay UK, further supported by stating: "In our view, finger vein technology has a number of advantages over fingerprint". Thus increasing the popularity of the system. The technology is already used in cashpoints in Poland, Japan and Turkey but this is the first time that it has been installed in a store for permanent use.