June 6, 2019
Fingopay, a biometric payment company that uses VeinID technology, reached an agreement with Cardstream to support its expansion in the U.K.
Cardstream, through its Open Payment Network, provides a white label platform for payment processing. Cardstream allows Fingopay to quickly integrate with various payment partners and procesesing applications. 
"We went through an extensive process to assess gateway PSP providers and wanted to work with a partner who would not only provide reliability, stability, support and coverage, but also meet our need for cross merchant tokenization," Simon Binns, chief marketing officer at Fingopay, said in the announcement.
Fingopay plans to launch this summer in Manchester, where merchants will be able to use the VeinID technology to authenticate purchases.
Fingopay uses Hitachi VeinID technology to authenticate identity and requires no cards, cash or passwords. The company said that a vein pattern, unlike fingerprints, cannot be copied, making it a good option for high security authentication.
"Cardstream is focused on opening up their payment infrastructure to give companies the flexibility to operate and grow their businesses freely, as they see fit," Adam Sharpe, CEO of Cardstream, said in the announcement.
Topics: Mobile Payments, Region: EMEA, Security, Technology Providers, Transaction Processing
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