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Credit Card Applications » News » Other » Technology Replaces Credit Card

Technology Replaces Credit Card

September 03, 2010 | Updated on September 03, 2010
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The content is accurate at the time of publication and is subject to change.

It is a big question mark if retina scans, fingerprints and smart phones can substitute credit cards at airport transactions. Technologies have lined its new inventions such as biometrics, cellular phones, and even touch screen vending machineries to replace dealings at airports. Using smart phones and devices at airports when making authorized payments at any business transactions. Making credits as they say won`t need any credit cards anymore. With just these technologies, it can send out transmissions whenever an individual is going to pay.

The new partnership of T-mobile, AT&T, and Verizon together with the leading credit card issuer, the Discover. This specific card has pioneered cash back credits, student and travel credit cards. Teaming up with technology, the new vending and transaction machine will only require retina scans and fingerprints to sell products at airports. The said retail payment machinery will be tested at airports to replace food and beverage stalls, gift and souvenir shops at the said place. Using smart phones and machines using pay wave signals will send out signals to test the said inventions.

This new generation vending machine will start its trial designed with retina scan and fingerprint allowing consumers to purchase product without magnetic card stripe readers. This piece of technology still requires account numbers but with lesser threat from credit card skimmers.

Equipped with a revolutionary touch screen, the customers can easily browse on the nutritional facts of the product before they wish to buy. The user can navigate images of the product thus, making it much easier to see the product before actual buying. Just like anyone else, this kind of buying and paying technique is more convenient and suitable rather than using the credit card. Credit card holders can prevent scams through these vending machines whenever they would purchase stuffs. The said machine could even report whenever a coin gets stuck inside the machine.

The said invention has gained positive surveys among critics. The president of the said company might actually begin selling the vending machine by the next year without the credit card hassles. The company is also doing its best to equip the machine with internet connections to keep its product in good and safe condition. The consumers gave this piece of equipment excellent reviews for the reason that, there would be lesser scams compared to using credit cards when buying and paying transactions. The said machine will be installed with cameras for the company to know what`s happening outside the machine, and for them to be informed if the machine needs restocking.

Disclaimer: This editorial content is not provided or commissioned by the credit card issuer(s). Opinions expressed here are the author's alone, not those of the credit card issuer(s), and have not been reviewed, approved or otherwise endorsed by the credit card issuer(s). Reasonable efforts are made to present accurate information, however all information is presented without warranty. Consult a card's issuing bank for the terms & conditions.
All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.
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