Next Generation Payment Systems At Demo '06
Daniel Terdiman reports for CNET News.com from the Demo '06 conference about two companies who claim to handle secure payments while on the go without physical credit cards, cash or checks: Portland, OR-based mobile payments startup PayWi and San Francisco-based fingerprint biometric focused Pay By Touch.
The problem with both these services is that they depend on heavy-duty implementation by brick-and-mortar and online retailers and merchants in order to be useful.And while there's certainly a motivation for merchants to get involved, a service as widely adopted as PayPal has not been able to convince many real-world or online retailers to accept it as a payment method.
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