Cashless payments with your phone with support for NFC - quite a common means of payment. However, today there is another, alternative and simplified technology for electronic payments - biometric identifier. This system is used to carry out the payment by a hand - or rather, the configuration of veins in the palm of your hand.
The idea of Swedish startup Quixter is an engineering student at Lund University Fredrik Leyflend who wanted to come up with a faster system for card payments without having to carry a lot of cards and other things.
Quixter system uses palm vein scan configuration for the identification of the person performing the payment. This technology is based on the unique configuration of the veins of every person, and to which is attached a bank account. "Currently we are working with all the major Swedish banks," - says Leyflend.
The idea of Swedish startup Quixter is an engineering student at Lund University Fredrik Leyflend who wanted to come up with a faster system for card payments without having to carry a lot of cards and other things.
Quixter system uses palm vein scan configuration for the identification of the person performing the payment. This technology is based on the unique configuration of the veins of every person, and to which is attached a bank account. "Currently we are working with all the major Swedish banks," - says Leyflend.
In itself, palm vein scanning technology - is not new. For several years, she applied in ATMs of Japanese banks (and other countries) as a way to provide additional security when large transactions. However, Leyflend claims that his idea - an innovation in the market as no one has launched a payment system using the user's palm. Many companies are seeking to develop similar technology, but such is not yet on the market.
In fact, the advantage of the scanning system from palm Quixter that it allows transfer without requiring the user has physical money or credit cards and NFC-free.
A second advantage of the system - is security. According Leyflenda, with such a system is impossible to commit fraud, not counting, of course, when you can get someone to buy something, having put his hand forced to the identifier.
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| Biometric Technology Electronic Payment Pay-By-Palm from Quixter Scans |
While it is debatable whether the system is scanning the palm Quixter faster than the system of making payments by credit or debit cards, as well as the system asks the user to enter the last four digits of your phone number, and then a hand to the terminal for scanning. So, it is not a single-stage payment process.
However, the numbers are telephone numbers, apparently added partially to slow process, so that the user has had time to see how much he is paying - to avoid an overpayment before the user realizes that his robbing.
Quixter system is currently running at about 15 locations on the campus of the University of Lund and serves approximately 1600 users (mainly students).
As in the case of NFC, to enter the mass market of payment systems using palm require a significant number of transactions in the retail trade. Therefore, focus on small communities, like the campus is quite suitable. However, it is possible that the deployment could happen in the short term.
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