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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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