
“An engineering student at Lund University in Sweden has launched a biometric vein-scanning payment technique for stores and coffee shops in the country. After talking to players involved in vein-scanning terminals, banks and stores, a system that worked was developed. There are now currently 15 stores and restaurants, mainly around the Lund University campus, that use the terminals, with 1,600 active users. Other countries have also begun using biometrics as a payment method. Banks in Japan use vein technology, which allows customers to take money out from their accounts and helps reduce the risk of fraud.”
http://business-technology.co.uk/2014/05/biometric-payments-system-trialled-by-swedish-university/
Related posts:
After riots, Mohamed Morsi declares emergency in three Egyptian cities
Norway to Start Withdrawals From Oil Fund to Plug Deficits
Police, Looking for 6 Foot 270 lb Black Man, Shoot 2 Asian Women Delivering Newspapers
Police run over and kill man after running from alleged seatbelt violation
Paris women allowed to wear pants after two hundred year-old ban is lifted
Glenn Greenwald Interview: Low-Level NSA Analysts Have 'Powerful and Invasive' Search Tool
Nashville restaurant raided by swarms of armed officers to randomly check alcohol permits
Walmart Rejects Apple Pay For Rival Payments Service
Homeland Security wants to monitor journalists. Time to sound the alarm.
Tech start-ups fight Senate tax plan over stock option 'phantom income'
Saudi allies Bahrain, Sudan and UAE join action against Iran
Who Are These 'Bankers' Ecuador Keeps Referencing?
McGruff, The Crime Dog, Sentenced To 16 Years For Pot, Weapons
Work in U.S. and Spain losing its appeal for Latin Americans
Europe takes on Apple, Facebook, Google and Amazon