FinGo’s finger vein technology is being used in a payment trial in the UK. The trial is now underway at Hatch in Manchester, and is being carried out as part of the Home Office’s Regulatory Sandbox program.
The trial will run until June 30. Until then, Hatch customers who sign up for the FinGo service will be able to verify their age and pay for goods with only an infrared finger vein scan. In that regard, the Hatch is a courtyard food and dining destination that hosts dozens of restaurants, breweries, and independent retailers. FinGo’s service will presumably make it easier for people to seamlessly move from one shop to the next, since the solution allows them to both pay and verify their age without a card when buying age-restricted goods like alcohol.
To use the service, customers first need to register their payment card information through the FinGo app. They will also need to submit an ID to confirm their identity, and complete a finger vein scan at a FinGo device to link that payment and identity information to their biometrics. Once that process is complete, the finger vein scan alone will be enough to recall someone’s identity and complete a transaction.
FinGo has previously been deployed at The Alchemist in Manchester, and is being used from Thursday to Saturday at the Hatch’s Oxford Road venue. The Regulatory Sandbox, meanwhile, is intended to help retailers trial innovative new payment and age verification solutions.
“It’s a significant step to have brought our new generation product to Hatch, right in the heart of Manchester’s Innovation District as part of the Home Office trial,” said FinGo CCO Simon Binns. “Requesting and being asked for ID can be frustrating for both staff and customers, and it is our hope that our technology will make age verification simpler and easier for all parties.”
FinGo was listed as one of Europe’s most innovative companies in 2020, and its tech has been used for immunity credentials in addition to naked payments. The company also partnered with Mastercard to access its Mastercard Payment Gateway Services in 2021.
Source: About Manchester
June 28, 2022 – by Eric Weiss