Welcome to the Black Friday sale – 15% off plus all the free items as you shop! Use code BLACKFRIDAY on checkout!

June 15, 2014 AT 12:00 am

Forgot Your Wallet? Pay For Lunch With Your Hand

Palm scans as a method of payment might still sound like a far off concept, but a Lund University engineering student has created a company that implements the technology and has been recruited in a number of small businesses already. From Lund University:

Fredrik Leifland got the idea for his start-up two years ago when he was standing in line at the supermarket. Growing impatient, he knew there had to be an easier and quicker way than using credit cards, and together with a group of classmates at Lund University he soon discovered biometric solutions. While vein scanning technology already existed, there was no system for actually using it as a form of payment.

“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”, says Fredrik.

Their solution worked. There are currently 15 stores and restaurants mainly around the Lund University campus that use the terminals, with 1,600 active users.

Security is a major advantage of the technique, according to Fredrik.

“Every individual’s vein pattern is completely unique, so there really is no way of committing fraud with this system. You always need your hand scanned for a payment to go through”, he clarifies.

Read more.


Check out all the Circuit Playground Episodes! Our new kid’s show and subscribe!

Have an amazing project to share? Join the SHOW-AND-TELL every Wednesday night at 7:30pm ET on Google+ Hangouts.

Join us every Wednesday night at 8pm ET for Ask an Engineer!

Learn resistor values with Mho’s Resistance or get the best electronics calculator for engineers “Circuit Playground”Adafruit’s Apps!



No Comments

No comments yet.

Sorry, the comment form is closed at this time.