UK-based fintech company Fingopay has decided to initially launch its biometric vein payments system at leisure and hospitality venues in Manchester, England.
Based on Hitachi VeinID technology, Fingopay solution uses infrared light to map the pattern of a customer's finger veins
Developed by an international team of researchers from the Universities of Oxford, Exeter and Münster, the chip contains a network of artificial neurons and synapses that respond to light, rather than electrical inputs. This allows the chip to mimic the behaviour of human neurons and their synapses.
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