Nemex Goes All The Way With Biometric Security, page-9

TECHNOLOGY has already made your Nokia 3315, VCR and cassette player irrelevant and now it wants to destroy your wallet.

With your unique facial features set to become a way to pay for everyday goods, the future of the humble wallet is looking grim.
And this is just one of the far-fetched ideas about how our future consumption will work, with every transaction conducted digitally.
But according to industry professionals, it’s not a world of science fiction, we will be abandoning hard currency and bank cards in the not too distant future.

Mint Payments Bjorn Behrendt is working at the forefront of this evolving industry and he recently sat down with news.com.au to talk about his predictions for the future of payment technology.
Here are the seven game changes he expects in the near future.

Scanning recognition
There will be no need for a credit card with a PIN because you will soon be able to use your facial features, fingerprints, and voice to pay.
Using systems that are able to scan and authenticate your distinct characteristics will not only make the payment process more convenient, but it will add more security.
Imagine standing in front of a parking meter that recognises you through a high resolution camera with your name asking you how long you would like to park.