Cash, cheques, plastic, Paypal – there are already many ways to pay. And now a group of students at Lund University in Sweden have come up with a biometric payment system.
It works by touching the screen with your palm and entering the final four digits of your smartphone number.
The idea is called Quixter, and is the brainchild of Fredrik Leifland, an engineering student, who wanted to make paying faster and more secure.
An infrared scanner recognises the unique vein structure in each person’s hand to identify them. The technology in itself is not new; in Japan it has been used for many years to access medical records and the system is now widely used to identify people. But Quixter claims it is the first company to use the technology in a payment system.
Full article: Sweden: Very handy palm payments system takes off (euronews)