PayTango is a fingerprint-based
payments system, which would replace standard credit card terminals at retail
stores. This enables incredibly fast, secure, and convenient payments for
everyone. You don’t need a smartphone. You don’t need your wallet. All you need
is your finger.
When a customer is ready to pay for her
purchase, the PayTango terminal allows her to either swipe her card or use her
finger to pay. If she is enrolled in PayTango, the system will recognize her
fingerprint pull up all of her cards associated with that fingerprint in the
system. Any card with a magnetic stripe can be registered in PayTango,
including credit cards, debit cards, gift cards, and loyalty cards. Once she
selects her payment instrument and confirms, the transaction is made.
Four founders of Pay Tango are Carnegie
Mellon University students. They launched service in the university at first.
For 100 students there, it takes only 4 hours to enroll them and it is working
really well. They plan to expand their service to whole university, gym, and
other commercial use.
Instead of stealing my wallet in future they will cut off my finger....
ReplyDelete... but seriously, nice blog guys!