Biometric Payment Trends

Paper Summary:

The paper examines trends in Southern California in relation to biometric payments and looks at the current and future trends in this industry. The paper also explores sociological factors that may affect this business. The paper is of the opinion that the biometric market in Southern California is prime for exploitation in all areas of business and commerce. The paper discusses how the costs for implementation of this type of authentication system are relatively cheap with high rewards claimed.

Outline:
Objective
Introduction
How Biometric Identifiers Work
Different Forms of Biometrics in Use
Merchant Benefits in Biometrics
Southern California Supermarkets Use of Biometrics
Merchant Advantages
Customer Advantages
Biometric Market
Other Factors Affecting the Biometric Market
Summary and Conclusion

From the Paper:

"The way that the biometric identifier works is simple: the customer places their finger on a scanner and a picture of the fingerprint it taken. The software then converts the fingerprint "into a map of minutiae points" (Hospitality Upgrade Magazine, 2000) and then is stored for reference. When making a purchase "the user holds a finger to the scanner, and the computer matches the stored print-map to the fingerprint. Only the minutiae points are stored in the image, not the actual fingerprint." (Hospitality Upgrade Magazine, 2000)"

Sample of Sources Used:

• Biometric Payment: The New Age of Currency (2000) Hospitality Upgrade Magazine. Online available at: http://www.hotel-online.com/News/PressReleases2000_1st/Mar00_BiometricCurrency.html#1.
• Digital Payment (2005) Information Age Website. 18 Aug 2005 Online available at: http://www.information-age.com/article/2005/august/digital_payment.
• Kessler, Michelle (2003) Thumbs Pay at Some Stores. 16 Nov 2003. USA Today. Online available at: http://www.usatoday.com/tech/news/techinnovations/2003-11-17-biometrics_x.htm.
• Measuring Biometrics (2003) CDW-G Solutions 2003 June. Online available at: http://www.cdwg.com/webcontent/editorialg/technologies/060903_MeasuringBiometrics.asp.
• Police: Billionaire Robbed by Man Posing as Delivery Person (2007) KABC-TV Los Angeles News 7 Feb 2007. Online available at: http://abclocal.go.com/kabc/story?section=local&id=5012268

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