Sunday, 19 October 2014

Future of Paying

Cash or card? Soon we'll be paying by handshake



The article looks at how technology is changing and becoming more futuristic. For example the way in which things are paid for has developed into cards in which you just have to tap on a reader. This will still be developed in the future and will change the way people will be able to pay for things through. Along with this they talk about a 'touchless' system. Meaning that you would be able to simply pick up your products and walk out of a store. 

Key Points:
·         Contactless technology has been available in the UK since 2007
·         There are currently 31.3 million credit and debit cards enabled with contactless technology
·         You can "wave and pay" with some mobile phones, such as the Samsung Galaxy S3

I think there will be too many complications with this system although it would be an easy and more convenient way to shop. However as it will be introduced sometime in the future, it may have some success. 

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