Nets pilots finger vein payments in Denmark school
Consumers enrolled in Denmark’s Dankort domestic payments scheme may sign up to make payments using only their finger in a pilot that the payments firm Nets is conducting in Copenhagen.
Nets’ innovation arm, Smart Payments, teamed with Fingopay and the Copenhagen Business School to enable payments via finger vein authentication at the school’s cafeteria where students, faculty and others are making purchases sans any physical payment instrument, Nets said in a Tuesday press release.
Finger scanners are installed at all checkout points in the school’s cafeteria and anyone already enrolled in Dankort may participate with no PIN required, even for higher-ticket purchases, Nets said in the release.
Finger vein technology is more secure than fingerprint authentication on smartphones because finger vein patterns are almost impossible to replicate and blood circulation is required for payment authentication, Nets said in the release.
Users may unlink the finger scanning function from their Dankort account at any time, Nets added. Nets, launched in 2009, is based in Ballerup, Denmark.
"The pilot underway at CBS demonstrates how fast payments technology is developing, as in 2017 we launched Dankort mobile and now only one year later customers can become their Dankort themselves,” said Jeppe Juul-Andersen, vice president of the Dankort sector at Nets, in the release.