The need for fingerprint biometrics in retail has never been more acute. While traditional high street sales continue to decline, leading to retail store vacancy rates hitting a four-year high, retailers acknowledge their survival lies in providing memorable, immersive and personalised customer experiences. Stand-out customer service, fuelled by customer data insights to help retailers deliver personalised and targeted customer relations, including top-level loyalty schemes, has never been more important.
However, just as retailers need them most, hackers are increasingly seeing loyalty accounts as prime targets. In fact, research shows that 24% of retailers surveyed viewed loyalty fraud as a substantial threat to their e-commerce operations.
Sthaler worked with music festival industry to develop a cashless, card-free payment system that was available to everyone. The company developed Fingopay, using VeinID technology, in partnership with Hitachi. Blue Star Capital PLC (LON:BLU) is an investing company with a focus on new technologies. Blue Star’s investments include a 0.9% holding in Sthaler.