Buy Lunch, Pay With Your Hand In Sweden
News provided by Pressat Wire on Monday 14th Apr 2014
Paying for a coffee or lunch by simply scanning your palm still sounds like science fiction to most of us. However, an engineering student at Lund University in Sweden has made it happen - making his the first known company in the world to install the vein scanning technique in stores and coffee shops.
WATCH: Pay with your hand in Lund, Sweden
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.
With ongoing plans to expand the business further, and other companies around the world implementing the technology, the payment method seems to be here to stay – and if Fredrik gets his way - we'll all spend less time waiting in line at the supermarket in the future.
-Ends-
Notes to Editors:
1. How users sign up for the service:
To sign up for the hand payments, you visit one of the stores with a terminal, and enter your social security number and phone number. You then scan your palm three times, and subsequently receive a text message with an activation link from the website. You complete the registration by filling in a form with additional information.
2. About Lund University:
Lund University was founded in 1666 and is ranked as one of the top 100 universities in the world. With high-quality education and research at eight faculties, we are one of the most comprehensive universities in Scandinavia. The University has 47000 students and 7000 staff based in Lund, Helsingborg and Malmö. Lund is often considered to be Sweden's most attractive study destination and huge investments are currently being made in the new research facilities MAX IV and ESS in the city.
For more information, please contact:
Fredrik Leifland
T: +46 (0) 730-97 56 12
E: fredrik.leifland.335@student.lu.se
Lotte Billing
International Media Officer
T: 0046 72 7074546
E: lotte.billing@er.lu.se
WATCH: Pay with your hand in Lund, Sweden
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.
With ongoing plans to expand the business further, and other companies around the world implementing the technology, the payment method seems to be here to stay – and if Fredrik gets his way - we'll all spend less time waiting in line at the supermarket in the future.
-Ends-
Notes to Editors:
1. How users sign up for the service:
To sign up for the hand payments, you visit one of the stores with a terminal, and enter your social security number and phone number. You then scan your palm three times, and subsequently receive a text message with an activation link from the website. You complete the registration by filling in a form with additional information.
2. About Lund University:
Lund University was founded in 1666 and is ranked as one of the top 100 universities in the world. With high-quality education and research at eight faculties, we are one of the most comprehensive universities in Scandinavia. The University has 47000 students and 7000 staff based in Lund, Helsingborg and Malmö. Lund is often considered to be Sweden's most attractive study destination and huge investments are currently being made in the new research facilities MAX IV and ESS in the city.
For more information, please contact:
Fredrik Leifland
T: +46 (0) 730-97 56 12
E: fredrik.leifland.335@student.lu.se
Lotte Billing
International Media Officer
T: 0046 72 7074546
E: lotte.billing@er.lu.se
Press release distributed by Pressat on behalf of Pressat Wire, on Monday 14 April, 2014. For more information subscribe and follow https://pressat.co.uk/
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Buy Lunch, Pay With Your Hand In Sweden
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