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.
Thank you to Tech Crunch for providing us with this information.