FPC, Tag Systems Team Up with UK’s Money Carer

Money Carer, a UK-based social enterprise specializing in secure money management for vulnerable individuals, has partnered with Tag Systems and Fingerprint Cards to launch a biometric payment card.

The new card aims to address barriers that have traditionally limited financial access for vulnerable people. Building upon its previous ‘carer card’ system, Money Carer now integrates fingerprint authentication technology from FPC. The tech eliminates the need for PINs, a common obstacle for individuals with memory or visual impairments.

More broadly, the biometric card simplifies the payment process and enhances security by requiring a fingerprint scan for authentication.

“At Money Carer, we are absolutely committed to promoting inclusivity and autonomy,” said Sean Tyrer, CEO of Money Carer. “For many of our clients, especially those with memory or visual impairments, the PIN on a payment card is a barrier that restricts financial inclusivity. With biometrics, our clients will never have to remember or input a PIN again, opening doors to financial autonomy that were previously closed.”

The next-generation carer cards, produced by Tag Systems, incorporate Fingerprint Cards’ T-Shape sensor and software. Tag Systems’ Biometric Card as a Service (BCaaS) offering, meanwhile, enables seamless card issuance. The cards will soon be available through Money Carer’s website and app, with up to five biometric-enabled cards per account.

“Our primary objective at Fingerprints has always been to make strong authentication simple,” said Fingerprint Cards’ CEO, Adam Philpott. “We’re extremely proud to be part of a project directly addressing barriers that have traditionally restricted vulnerable people from accessing financial services. This is a perfect example of how technology can be used to drive inclusivity.”

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May 13, 2024 – by Ali Nassar-Smith