Three New Ways to Pay Using Advanced Technology
Three new payment technologies have recently come into the spotlight with the potential to cause massive shifts in the industry. The Touch ID fingerprint sensor introduced in the iPhone 5s – an example of biometrics – allows software developers to integrate fingerprint payments into financial and payment apps. Google Glass and other wearable devices might make a splash in the payment world if these devices become readily available to consumers. Using a smartphone’s microphone and speakers to pay is already happening in New York City’s cab system, and payments via sound are being tested around the world.
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