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World's First Biometric Credit Card Will Arrive in 2015: Pay with Your Fingerprint
Posted By: RumorMail Date: Sunday, 19-Oct-2014 01:59:28
www.rumormill.news/2074
The fear of identity theft and cyber-banking crime has been the latest sales pitch to encourage accepting identity tech such as vein scanners , facial recognition, voiceprints , iris scans - even tears - as well as their attendant databases. There is an ongoing cooperative effort between global banks and corporations to ensure that there will be standardized, centralized entry into the consumer/Internet/banking matrix of the future.
Another data point to note in the evolution of biometric ID is that MasterCard is now partnering with a Norwegian company called Zwipe to introduce the first fully biometric credit card, which will dispense with a PIN and instead use a fingerprint sensor for verification.
The transition to a cashless society continues apace, while simultaneously incorporating an all-inclusive tracking database from which it will become very difficult to escape if one wishes to interact in any meaningful way with a modern-day economy. Apparently, this means even a simple trip to the corner store:
Last month, he (Ajay Bhalla, president of enterprise safety and security at Mastercard - Ed. ) remarked on the future of biometric payments, saying " the idea of running out for some milk, walking into a store and using your thumb print to make the purchase has sounded futuristic, even if the technology has been in place for a while." He added, "We have already had great success in Africa, with financial inclusion projects which use biometrics to identify millions of cardholders." (emphasis added)
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Read More
RMN is an RA production.
Articles In This Thread
- World's First Biometric Credit Card Will Arrive in 2015: Pay with Your Fingerprint
RumorMail -- Sunday, 19-Oct-2014 01:59:28
- 9 Real Technologies That Will Soon Be Inside You
RumorMail -- Sunday, 19-Oct-2014 02:10:04
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