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

Thursday, May 12, 2016

Will biometric payments become reality?

Prophecy Sign:  The future 'Mark of the Beast" identification system

The current biometric technology that is being developed that would allow for a cashless payment system may or may not be the fulfillment of the future Mark of the Beast.  However there is no doubt that the current appeal of such new systems are smoothing the road for the future acceptance of what the Mark will ultimately be. 

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 
Will biometric payments become reality?
Making a payment using a part of your body is no longer science fiction. These are exciting days in the world of biometrics and payments. Visa and MasterCard are both working on specifications that will impact consumers globally.
Let’s take a quick tour around global world of biometric payments:
In Nigeria, biometric data is captured by the government and centralized, enabling banks to verify the customer’s identity
More than 80,000 biometric ATMs are in use across Japan identifying accountholders via palm or finger vein scanning
In 2013, Citibank introduced biometric ATMs in Singapore, Malaysia and the Philippines, and they’re also live in Brazil and Poland
More than 400,000 USAA customers have opted in to use fingerprint, face or voice recognition with the company’s mobile app

Barclays is using finger vein readers to authenticate key corporate banking customers.

You Can't Leave Home Without It: A Temporary Tattoo Could Replace Your Credit Card
MC10, a healthcare technology company, is developing tattoo wearables that can affix to a payer’s body as a breathable, waterproof NFC, or near-field communication, payment solution. Think of it as a tattoo that can give you far more than just street cred. The wearables are designed to pair with a smartphone, which can then allow them to make payments to a merchant using an NFC reader. The “tattoos” are also designed for limited use — once the wearer removes it, it’s rendered useless.

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