Payment at the tip of the finger is now here.
With bio metric technology FINGOPAY in particular, uses the unique Vein Pattern a person has as opposed to their fingerprint. That's right their vein pattern! Most of the time when you hear of bio metrics you think of fingerprints, however that is not the case with FINGOPAY which boasts their Vein Pattern Recognition.
VEIN PATTERN RECOGNITION
> Uses near IR light to scan and build 3D map of finger veins. (Hemoglobin absorbs IR light)
> More secure than fingerprint scanning. Internal as opposed to Fingerprint which is easily collected.
> Unlike Fingerprints, Vein Pattern cannot be damaged, stolen or forged
> Cloud match within 200 milliseconds
Right now, this is being used largely for music concerts, however is spreading in application quickly. Many people may be hesitant to use bio metrics in general. The nice part about using the Vein Pattern is that is the data somehow falls into the wrong hands, there is not much anyone could do with it, since most all bio metrics databases are with fingerprints so there is nothing to identify you personally with.
FINGOPAY is an interesting bio metrics payment system that jump starts us into the future. What will be next?
Cheers! :P