Quixter, created by engineering student Fredrik Leifland at Lund University, aims to replace the standard method of paying at your local retailer by removing the need for a card or device completely. Instead it uses your palm and a phone number. NFC was aimed to speed things up by allowing you to just wave a device over a machine. But there’s still a lack of NFC-enabled devices on the market and it still requires a device be present.
The technology works by integrating a biometric scanner into the payment device. Then, once signed up, the user can pay simply by allowing their palm to be scanned for a couple of seconds and then entering the last four digits of their phone number. It’s secure because every vein pattern in a hand is unique. It’s also very convenient as you aren’t fumbling in your pocket for the thing that allows you to pay.
Quixter is only working as a system at Lund University right now with 1,600 users. It’s possible that it may expand into the consumer space, but for now NFC looks like the safer bet.
[youtube]https://www.youtube.com/watch?v=s1fJLZAtD2Q[/youtube]
Thank you to Tech Crunch for providing us with this information.
