Barclays is to begin offering finger vein biometric readers to its business customers in an attempt to cut fraud, and is exploring how the technology could be extended to consumers. The bank will offer the readers, based on Hitachi’s VeinID finger vein authentication technology, to corporate banking customers from next year.
After they have registered their details, business customers — for example, those in finance departments who might be making payments worth millions of pounds — will be able to easily access their online bank accounts and authorise payments within seconds by scanning their finger, without using passwords or other authentication code.
