Pay With the Swipe of a HAND! Technology Under Testing in Sweden

  • More than 1,000 Swedish shoppers have signed up to make the payments
  • Every person’s vein pattern is completely unique, so there really is no way of committing fraud with this system, the maker claims
  • The plan is to patent the system and expand it around the globe

More than 1,000 Swedish shoppers have signed up to make payments with a simple swipe of their hand, using new technology that ‘reads’ the patterns of their veins.

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The developers hope hand scanning will become an alternative payment method if it is a success during trials in the city of Lund in southern Sweden.

The vein-scanning terminals have been installed in 15 shops and restaurants after an engineering student at the local university came up with the technology two years ago while waiting in line to pay.

Some 1,600 people have signed up already for the system which its inventor insists is safer than credit cards.
‘Every individual’s vein pattern is completely unique, so there really is no way of committing fraud with this system,’ said researcher Fredrik Leifland. ‘You always need your hand scanned for a payment to go through.’

While vein scanning technology existed previously, it has not been used as a form of payment before.

‘We had to connect all the players ourselves, which was quite complex – the vein scanning terminals, the banks, the stores and the customers,’ Mr Leifland added.

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[Source]: DailyMail

Read more: http://www.dailymail.co.uk/sciencetech/article-2605947/Pay-swipe-HAND-Contactless-payment-scans-VEINS-shoppers-palm-trialled-Sweden.html#ixzz2z3Oh2Hru
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