One thing about technology is, there’s never time for the grass to grow under your feet. Just as customer-facing businesses were getting to grips with contactless payments – first via debit and credit cards, now increasingly via smartphone apps and mobile wallets – something else comes along threatening to shake up the world of POS all over again. And if you thought contactless was futuristic, it’s got nothing on biometric POS.
Biometrics is the use of unique physical attributes for identification and authentication purposes. It is already well established in a range of use cases, from fingerprint and retina scanners used in access control to biometric data stored on passports.
Sthaler developed Fingopay, using VeinID technology, in partnership with Hitachi. Their registered customers use it to pay in bars, restaurants and shops.
Blue Star Capital PLC (LON:BLU) is an investing company with a focus on new technologies. Blue Star’s investments include a 1% holding in Sthaler.