We are living in exciting times. The Signposts point to Jesus soon return.

Tuesday, April 12, 2016

Survey says biometrics in banking on verge of become mainstream

Prophecy Sign:  The future 'Mark of the Beast' ID system


With cash slowly being phased out, it won't be long before the only way to participate in day to day commerce is by way of some form of electronic bio-metric method.  Just like those mentioned in the articles below:

It also forced all people, great and small, rich and poor, free and slave, to receive a mark on their right hands or on their foreheads, so that they could not buy or sell unless they had the mark, which is the name of the beast or the number of its name. Revelation 13:16-17 NIV

Survey says biometrics in banking on verge of become mainstream
According to a recent Mobey Forum survey, the use of biometrics in banking and payment systems is on the verge of becoming mainstream. The survey notes that major technological advances and economies of scale have enabled biometrics to gain strong momentum as a secure authentication factor to verify a customer’s identity in the areas of mobile banking and payment. The report argues that over the last two decades, the technology has steadily proven its credibility in this market, attracting the strong interest of a number of global business players. The report states: “The vast majority of banks intend to implement biometrics in the relatively near future, just as the number of handset manufacturers planning to integrate biometric capabilities into their devices rises.”
http://www.biometricupdate.com/201604/survey-says-biometrics-in-banking-on-verge-of-become-mainstream

Fingerprints to be tested as ‘currency’
Starting this summer, the government will test a system in which foreign tourists will be able to verify their identities and buy things at stores using only their fingerprints. The government hopes to increase the number of foreign tourists by using the system to prevent crime and relieve users from the necessity of carrying cash or credit cards. It aims to realize the system by the 2020 Tokyo Olympic and Paralympic Games. The experiment will have inbound tourists register their fingerprints and other data, such as credit card information, at airports and elsewhere. Tourists would then be able to conduct tax exemption procedures and make purchases after verifying their identities by placing two fingers on special devices installed at stores.

Extension approved for Israel’s biometric database pilot

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