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Sunday, March 20, 2005

MARK OF THE BEAST

Wallets could soon be as quaint as hat pins


At the checkout, you place your finger on a small scanner. Instantly, you see a list of your payment accounts on a screen: checking account, credit or debit card. You select one of them using a familiar keypad, approve the amount of the purchase, and you're done. No cards, checks, or cash.

The wallet of the future may be nothing more than a fingerprint or a signature. Biometric technology, used in secure areas for some years, is just beginning to be applied to ordinary retail transactions.
"A lot of things have converged to make it something that many retailers are very interested in now," said Pay By Touch marketing director Shannon Riordan.

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