Swedish biometric identification startup Quixter has come up with a way to let customers pay for purchases with the swipe of a hand instead of a credit card. The firm uses a vein-scanning device that verifies payment details of shoppers, according to PC Magazine.
Founder Fredrik Leifland explained how the firm started: "We had to connect all the players ourselves, which was quite complex-the vein scanning terminals, the banks, the stores and the customers. The next step was finding ways of packaging it into a solution that was user friendly. There really is no way of committing fraud with this system. You always need your hand scanned for a payment to go through."
At present, Quixter is now being used by 15 retail stores and dining establishments around Lund University. Shoppers can use the installed terminals to have their palms scanned during payment transactions. The startup claims the whole payment process takes less than five seconds. Users first have to register their social security number and phone number with an installed terminal. Other relevant payment information also need to be entered. After that, they are ready to use the vein-scanning system, the report detailed.
The startup says it is the first company that was able to bring the vein-scanning technology to market. Leifland is eyeing an expansion outside of Sweden, PC Magazine reported.
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