September 9, 2008
Barclaycard to roll out biometrics payment systems
Barclaycard has revealed that it plans the eventual eradication of credit card products by allowing consumers to purchase products and/or services with eye and fingerprint recognition technology. The finance firm is said to be investing well over £1 million in payment systems that do not require human contact, such as the typing in of passwords. The first example of this technology, which is called OnePlus, will be rolled out across 9000 outlets by the end of 2008.
A company spokesperson stated that it wishes to take the lead in shaping the way in how consumers make payments. He added that biometrics and the use of other mobile applications are the future of all payment systems.
The company has also reported that that it is researching paperless ticketing systems which could revolutionize how people pay for cinemas and train use. The United Arab Emirates has already hosted a new type of cash dispensing machine where customers have to use their fingerprints to withdraw money