Bye-Bye Pay By Touch!
I’ve always been concerned about biometric systems for payment. I don’t want my fingerprint to be able to access my bank account: I leave fingerprints all over the place. I’m glad to see that biometrics pioneer Pay-By-Touch is shifting focus:
Pay By Touch, which has made a major push in POS biometric payments, is backing off that business, according to a report in the current issue of The Nilson Report, a major payments newsletter.
Tip of the hat to StoreFrontBackTalk, “Pay By Touch Giving Up On Biometric POS?” [link to http://storefrontbacktalk.com/story/110207paybytouch no longer works]
A quick clarification: “POS” is industry-speak for “Point of Sale,” not “Piece of Shit.” We apologize for any confusion.
[Update: Evan now relays the news that “Pay By Touch (is) In Bankruptcy Proceeding(s).” [link to http://storefrontbacktalk.com/story/111607paybytouch no longer works]
Photo: Escaped Monkey‘s password, posted to Flickr.