The Future Of... Credit Cards
Posting in Technology
They're a modern-day must. Anyone who's ever forgotten their credit card at home or worse, lost it, knows exactly how crucial that piece of plastic ...
They're a modern-day must. Anyone who's ever forgotten their credit card at home or worse, lost it, knows exactly how crucial that piece of plastic truly is. With rampant fraud and ID theft though, most cardholders are equally aware of the risks. But what if the account number on your card disappeared when not in use? SmartPlanet correspondent Sumi Das explores payment innovations from Dynamics, Square and Bling Nation.
Feb 9, 2011
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.Credit cards need upgradation. Chip technology in credit card is an improvement,but a safer payment method is still to be evolved. A combination of two devices appear to be a better option like smart phone and a fingerprint technoly
Biometrics and smart phones will replace credit cards. The future of credit cards is much like the future of DVD's, you can come up with evolutionary improvements or you can consider disruptive technologies that make the legacy product development path irrelevant all together.
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In Canada we have been using chip technology in our credit cards for quite a while ..to pay you have to enter your own pin number ..no just swiping the card or signing..and is used in Europe for lot longer..if lost credit card is very difficult to duplicate
You may want the customer to confirm the over-the-counter purchases by fingerprint. For net-purchasers, they are already documented. Tks.
It is waste of time to develop credit cards in the future. They don't have a future! Why you people do this ??? Who cares about any credit carts now? I do not! Does it change anything? I don't think so. Please develop something really important for the future of all people !!! It will be NO MONEY soon ,so why you are wasted time and resources ? Please work on something useful!