Equens and supermarket chain Albert Heijn has begun to pilot Tip2Pay – which allows payment with your fingertip. The objective of the pilot is to investigate the potential of this technology as a new payment method and establish whether it is received positively by consumers. This is the first pilot of its kind in the Netherlands. It will last six months, after which an evaluation will take place. Tip2Pay enables consumers to pay quickly and securely by placing their fingertip on the reader at the checkout. After they have provided proof of identification and a debit card, a scan will be made of the unique parts of their fingertip. Their name and address details, bank account number and – if required – their customer loyalty card will be registered in accordance with Netherlands privacy laws. Equens will process all fingertip payments.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
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Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.