The Pulse Wallet That Launched at CES 2014 Uses Palm Readings as Payment
Michael Baxter — January 8, 2014 — Tech
References: pulsewallet & theverge
The Pulse Wallet lets you scan your wrist and make payments without ever having to reach into your pocket for a card.
Initially you have to sync your credit card to your palm reading for it to work but after that, any time you hover your hand over the laser you can make a payment. This is sort of like that Justin Timberlake movie 'In Time,' but instead of giving away time, you do actually use real money.
The technology isn't exactly new and has been adopted already in places like Italy and Brazil but the potentially for cutting down on fraud is staggering. As a second method of authentication, the Pulse Wallet also needs your phone number but the likelihood of somebody having the same pulse reading as you is already pretty low
Initially you have to sync your credit card to your palm reading for it to work but after that, any time you hover your hand over the laser you can make a payment. This is sort of like that Justin Timberlake movie 'In Time,' but instead of giving away time, you do actually use real money.
The technology isn't exactly new and has been adopted already in places like Italy and Brazil but the potentially for cutting down on fraud is staggering. As a second method of authentication, the Pulse Wallet also needs your phone number but the likelihood of somebody having the same pulse reading as you is already pretty low
Trend Themes
1. Palm-reading Payments - The adoption of palm-reading technology for secure and convenient payments offers opportunities for disrupting traditional payment methods.
2. Contactless Wallets - The use of contactless wrist wallets that eliminate the need for physical cards opens up possibilities for redefining the way we make transactions.
3. Biometric Authentication - The integration of biometric authentication methods, such as palm readings, presents disruptive innovation opportunities for enhancing security and user experience in various industries.
Industry Implications
1. Financial Services - The financial services industry can explore palm-reading payments to revolutionize traditional payment systems and improve transaction security.
2. Retail - The retail industry can leverage contactless wrist wallets to streamline the checkout process and provide a seamless and secure payment experience for customers.
3. Security - The security industry can incorporate biometric authentication, such as palm readings, to enhance access control and identity verification, revolutionizing the field of security.
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