Posted on 09/08/2019 5:54:39 AM PDT by SkyPilot
Ditching credit cards for facial recognition will remove the last physical barrier between our bodies and Corporate America
Aram Sinnreich recently went grocery shopping at a Whole Foods Market in his hometown of Washington, D.C., and realized he had left his wallet at home. He had no cards and no cash, but he had no reason to worry — at least, not about paying for his food. “I used my iPhone to pay, and I unlocked it with my face,” he said.
That’s when it struck him: We are just one small step away from paying with our bodily features alone. With in-store facial-recognition machines, he wouldn’t even need his smartphone. Sinnreich, associate professor of communication studies at American University, said he got a glimpse of the future that day.
Biometric mobile wallets — payment technologies using our faces, fingerprints or retinas — already exist. Notable technology companies including Apple AAPL, -0.01%and Amazon AMZN, -0.39%await a day when a critical mass of consumers is sufficiently comfortable walking into a store and paying for goods without a card or device, according to Sinnreich, author of “The Essential Guide to Intellectual Property.”
Removing the last physical barrier — smartphones, watches, smart glasses and credit cards — between our bodies and corporate America is the final frontier in mobile payments. “The deeper the tie between the human body and the financial networks, the fewer intimate spaces will be left unconnected to those networks,” Sinnreich said.
After a slow start, the global mobile-payment market is expected to record a compound annual growth rate of 33%, reaching $457 billion in 2026, according to market-research firm IT Intelligence Markets. As payments move from cash to credit cards to smartphones, financial-technology companies, known as fintechs, have been honing their biometric services.
(Excerpt) Read more at marketwatch.com ...
Amazon is perfecting a payment system where a wave of your hand will pay for item.
Amazon's New Payment System Scans Your Hand Instead Of A Credit Card
They are starting with Whole Foods, but that is just their test base. The plans have already been drawn up for it to grow exponentially.
Biometrics will not stop with current face or hand recognition technology. It will morph into a universal "bar code" for each human being. The same Big Tech firms (Facebook, Google, Twitter, etc.) that ban you for "hate speech" and "inappropriate content" will soon control your access to your bank accounts, IRAs, 401Ks, and everything else.
The same Big Tech that is monitoring and recording your conversations via Siri, Alexa, and Google Assistant.
Brave New World.
Ping
I have one finger they can scan.
They can scan my shiney white hiney.
lol
But the yoots will be just fine with it.
What if dems win the presidency one day and hold the house and senate? (God forbid))
Maybe Social Credit will determine if your scan merits being worthy of food.
I’m thinking more GATTACA myself
“...between our bodies and corporate America....”
Like all of corporate America is evil. Using my face or fingerprint to buy something I want and do so securely doesn’t scare me.
Now having the government track me, trace me, listen to me and store my digital history is a different story. And what Democrats want is to merge the government and corporations like they’ve done in China.
Worry about that.
We are so close to the “rise up and throw off the shackles of tyranical gubmint” i can feel it in the air.
What exactly is the problem?
The payment is being made by a phone ap secured with a facial recognition ap rather than a punched in pass code. The phone ap is an extension of the electronic ledger that is the purchasers bank account
Walmart tested locally a payment method where as you shopped, you scanned the item with your phone and the total sale was talied onyour phone. At checkout, you scanned the Walmart checkout screen and the info on your phone was captured on the walmart computer including the preset creditcard info paying for the transaction.
It was quick and easy once you learned.
It was a trial that was abandoned for scanners at checkout. Walmart knows and is working on the future. Amazon is just catching up
I agree that WE are.
the over 50 and maybe even over 40 crowd.
I dunno about under that age.
They have been indoctrinated well. Though Trump does better with them that I thought he would.
Your sarcasm is based on ignorance of current reality.
To enter the Aquatics Center pool, I insert my right index finger into the scanner, my finger and thus membership is recognized and the gate lock is released.
The procedure has been in operation for at least 6 years so it is not cutting edge
Bro this will be the last time I address any of your posts sent to me.
You’re just a grouchy miserable guy and you’re not worth typing back to.
Have a good day. Or don’t.
BTW, I’ve worked in investment banking where cutting edge technology is used for many different things and I’m quite aware how long the tech has been around.
Is it being used in stores yet regularly? Cause that was what the thread was about.
Go make your wife miserable. At least she CHOSE to be around you.
It’s getting to the point where they will refuse a transaction based on detecting a lack of life signs on the body part being scanned.
http://freerepublic.com/focus/f-news/3777221/posts
[I can imagine where they would go as far as to cut someone’s eye out. ]
http://freerepublic.com/focus/f-news/3777221/posts
The entire article is worth reading. The author doesn’t delve too deeply in the the possible misuses by governments and corporations and only just mentions China’s “social credit” score in passing. One person quoted did throw out one hypothetical bad scenario where the amount you tip an Uber driver today could influence your mortgage rate twenty years from now.
But the likely misuse by governments, including our own, is largely ignored, unfortunately.
Recently I made an online reservation for a hotel room in another state. Used a credit card.
No problem, right?
Wrong.
Online reservation would only accept a tiny deposit, with email to follow containing a “booking reference code” and instructions for completion of the booking.
Ok, I get the email, ref code, and click on the LINK IN THE EMAIL. Ha.
In which it becomes clear there was no way to put the balance due on my credit card. So I call the front desk of the hotel, which, btw, is 1500 miles away.
Nope, sorry, due to fraud concerns, we require balance due when you check in. You must present ID & same credit card.
But I’m booking a room for a relative whose wallet was stolen in a robbery.
Well, he could rebook using his own credit card & ID.
Wallet! Stolen! (I half-shout, mumbling, Asshole! under my breath.) We’ve shut down his credit cards already. He needs a room. So replacements can be FED-EXed to him there. Can I just give you my cc number AND BOOK8NG REFERENCE NUMBER FROM THE EMAIL so you can complete the payment?
No, sorry, we’re not allowed to punch in account numbers over the phone. We’ll need to have same credit card in person so we can swipe it thru the machine.
Long story short, a different hotel was chosen, but see where this is going? Soon “in person completion only” will mean “implanted microchip only.”
...and health care, and airline tickets, and electricity consumption, and clothing selection.
“Sorry, Mr. POF, we cannot allow you to purchase that red MAGA cap.”
“Sorry, Mr. POF, we cannot allow you to purchase gasoline today. You used up your fossil fuel permitted usage allotment last week.”
“Sorry, Mr. POF, we cannot sell you that drug to arrest your cancer spread because you are too old.”
“Sorry, Mr. POF, we cannot allow you to purchase that vacation airline ticket because you already used up your vacation allotment during this five year plan period.”
“Sorry, Mr. POF, we have to curtail your purchase natural gas this month because you heated your house to an average of 72F last month.”
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