June 21, 2018

“Amazon Go” in the Diginomics Era

Walk in. Pick up what you want. Walk out. No checkout lines. That’s what a cashless society is all about. Welcome to the Diginomics Era!

Your Heartbeat is Your Password

Halifax is testing wristbands that pick up a wearer’s heartbeat and use it as a way of logging into their mobile banking app. The Nymi Band would be connected to a smartphone via Bluetooth, and use ECG sensors to pick up the wearer’s unique heart rhythm. Customers would put the band on their wrists, which […]

MOBILE PAYMENTS TO “GO MAINSTREAM” BY 2019

By 2019, mobile payments in the U.S. will reach  $142 billion, up from the current $50 billion,” according to research firm Forrester. In a report released on Nov. 17 and reported in the New York Times, the mobile payments industry has matured over the past five years and has enjoyed consistent growth across all genres. […]

The Diginomic ‘Wave’:Techie Embeds Chip in Hand

DiginomicWorld News has been predicting since 2012 that “the future of digital economics is in ‘the Wave.’ Be it installation, augmentation or implementation through virtualization — the ultimate technology … whether it is card, communicator or chip … will be little more than the simple ‘wave’ of the hand, and your bill is paid. It’s […]

Diginomics Spreads to In-Flight NFC Applications

Near Field Communications (NFC) technology is that super convenient payment system that allows you to wave and pay. A key fob wand, an NFC-branded credit or debit card, or smartphone — these are among the tools of close-range electronic payment devices. Panasonic Avionics Corporation announces that, by the summer of 2015, in-flight NFC diginomics will […]

Diginomics + Wearable Tech = The Power Suit

Since 2011, we have been talking about the future of alternative payment systems could be summed up in one phrase: “The Wave.” Simply wave your hand at the payment terminal, and that’s it! whether it be through biometrics, or wearable tech (calm technology), or a combination of both and more, “The Wave” would prove to […]

DIGINOMIC ATMs NEXT GEN ROLL-OUT

The ubiquitous ATM machine is undergoing a major makeover that will make it a greater player in the world of digital economics than ever before. As we have noted in earlier posts how 2014-15 promises to be the transition period away from PINs and passwords, the new ATMs will lean more on biometrics. Teamed with […]

Contactless Payments: the ‘Holy Grail’ of Cashless Payments?

“Contactless payments” are exploding across England, which could be an indicator of an expanding global trend. According to WorldPay, contactless payments in the UK have skyrocketed 226% since this same time last year. It’s a process known as “Proximity Correlation.” It’s a contactless payment system that Starbucks has been using since 2012. “One in three […]

PulseWallet Lets You Pay for Things Using Your Veins

They say in the credit card commercial, “Don’t leave home without it.” PulseWallet would respectfully disagree. Leave your credit card at home. You don’t need it if you opt for PulseWallet’s palm-scanning technology called “Palm Secure,” an electronic device that photographs an individual’s unique vein pattern below the skin. The distinct pattern of each individual’s […]

Target Mayhem Solution: Mag Stripes Going Away – Embedded Tech on the Way

We have been headed in this direction for some time. Now, thanks to the “Target fiasco” of Christmas 2013 in which over 40 million credit and debit card numbers were breached, the call to replace mag stripe technology has heightened. Cards with PIN-driven computer chips embedded and smartphones with Near Field Communications (NFC) technology inside […]