Money Carer, a UK-based national social enterprise, has teamed up with global card manufacturer Tag Systems and biometrics company Fingerprint Cards AB to launch a groundbreaking biometric-enabled ‘carer card’. This innovative card aims to remove traditional barriers that have prevented vulnerable individuals in the UK from accessing financial services.
The Money Carer Card, initially introduced in 2010, was designed to provide a secure shopping solution for carers to make purchases on behalf of those they care for. Over the years, the card system has evolved to offer various features such as balance limits, free ATM withdrawals, and spending controls. Today, the Money Carer Card is utilized by hundreds of care providers, individual carers, local authorities, and law firms managing the finances of vulnerable clients.
With the integration of Fingerprints’ biometric technology, the new generation of carer cards eliminates the need for a PIN for authentication. Instead, cardholders or their carers can simply place their thumb or finger on the sensor and tap to make a payment, streamlining the checkout process while enhancing security.
Sean Tyrer, CEO of Money Carer, expressed his commitment to promoting inclusivity and autonomy for their clients, especially those with memory or visual impairments. The partnership with Fingerprints and Tag Systems allows Money Carer to issue up to five biometrics-enabled cards per account, providing a seamless and secure payment solution.
Adam Philpott, CEO of Fingerprints, highlighted the importance of using technology to drive inclusivity and address barriers that hinder vulnerable individuals from accessing financial services. The collaboration between Money Carer, Tag Systems, and Fingerprints is a significant step towards empowering vulnerable individuals in the UK to manage their finances independently.