July 17, 2019

Self-Authenticating Chip Technology Could Disable Digital Fraud

Imagine — no longer being concerned about protecting your identity and financial information from hackers. And not credit/debit cards only, but SIM cards as well? Could electronic counterfeiting of our financial transactions soon be a thing of the past? Consider the April 9, 2014 patent filing by De Sonneville International of its self-authenticating microchip. “If […]

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 […]

DIGINOMIC GLOBAL REPORT: 71% of Airlines see Mobile Payments as Global Trend

Worldpay, a London-based early pioneer in providing online payment services since 1989, recently surveyed the world’s major airlines on the impact of social media and online payment systems. Seventy-one percent of the airlines report that electronic payments are the wave of the future and that they will “increase their focus on mobile as both a […]

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 […]

WEARABLE TECHNOLOGY (ie: Google Glass) INTRODUCES WEARABLE BANKING.

WEARABLE BANKING could become the Google Glass Generation killer app! Diginomic lifestyles, cultures and fashions are rapidly coming into vogue, starting in 2014 when Google Glass is scheduled to make its public debut. The new app that will allow the Google Glass Generation to locate ATM machines nearby helps open the gates to what is […]

More Diginomics Predicted for 2022

The Payments Council of England published a new report in August, “UK Payment Markets 2013,” that predicts what the “diginomic world” of 2022 may look like. Consumer card use to rise by 75% Cash payments will drop dramatically Consumer check payments will be virtually non-existent Direct deposits to grow by 20% Our primary interest in […]

AMEX Brings Diginomics to NYC Taxi Cabs

The World of Diginomics takes another step forward as American Express announces its plan to bring a new payment system to New York City’s taxi cabs. According to Bloomberg BusinessWeek Technology (Oct. 21, 2013), “American Express (AXP) is introducing a new way to pay that it says will be even easier than a smartphone: your […]