Retail Tech

Technology continues to open up new doors for retail. Proud, a bar in Camden has this week been trialling ‘Fingopay’. Developed by Sthaler and Hitachi, this allows for payments to be made using fingerprints rather than cards and is understood to be going through trials at supermarket chains. However, a potentially bigger impact on UK stores could come through the expanded use of Radio Frequency Identification (RFID). Essentially a suped-up barcode, RFID allows individual items to be tracked through the supply chain and even into the consumer’s home. This, or Amazon’s ‘Just Walk Out’ technology, could bring about an end to tills, and already plays a part in automatic reordering of stock to stores.