Visa Europe’s international innovation hub Visa Europe Collab is working with UK-based biometrics startup Sthaler and payments firm WorldPay to test the feasibility and value of Fingopay, Sthaler’s finger vein technology (FVT) payment solution.
Originally pioneered by Hitachi as a means of identification, Sthaler has taken finger vein technology and applied it to the payments arena with their ‘FingoPay’ solution.
Worldpay staffs are taking part in a three-week proof of concept at a restaurant located at WorldPay’s London headquarters. Hundreds of Europe Visa Collab employees are also testing the technology internally.
The aim is to test the feasibility and value of Sthaler’s Fingopay as a payment solution in a high volume transaction retail environment.
"This is important as we assess the commercial potential for new ideas in the payments ecosystem and, most importantly, how consumers respond. We’ll be sharing more information on what we find out over the coming weeks so watch this space for more," Visa Europe said in a statement.