Nicole Blackmore writes in the Daily Telegraph that Barlcays bank is to introduce new finger scanning technology developed by Hitachi called VeinID, which will allow customers to access their online bank accounts and authorise payments.
The biometric reader works by verifying the unique vein patterns in fingers. Barclays claim that the technology is one of the most secure in the market as vein patterns are extremely difficult to replicate. Also the scanned finger must be attached to a live human body for the scanner to work. Importantly, the system does not require Barclays to hold a copy of the user’s vein pattern.
The reader will initially be available to corporate clients from 2015.