Payments

FinGo teams with VMC on finger scan ID verification for vending

Image provided by iStock.

March 21, 2022

FinGo, a U.K. based fintech offering a biometric identity authentication and payments platform, has teamed with VMC, a U.K. based cashless solutions provider, to allow users of vending machines to pay and prove their age through a simple scan of their finger, according to a press release.

FinGo's vein mapping technology takes a scan of a person's unique vein pattern through an infrared device. This scan is connected to a person's registered FinGo account, which can be linked to their verified ID or a digital wallet to enable payments.

Registered users can then scan their vein to prove identity, age or make payments in any venue offering the FinGo system.

The partnership will explore the use of FinGo's vein mapping technology for age-restricted products.

The partnership will also explore sustainability projects through reverse vending schemes, allowing users to collect and recycle empty containers, collecting points or rewards along the way.

As well as developing the biometric vending machine interface, FinGo will offer a combined ePOS ordering, payment and identity solution alongside VMC's "Flex" cashless loyalty solution.

VMC provides cashless solutions for Aldi, ASDA, University of Brighton and City of Bristol College.