Governments And Big-Businesses Preparing To Cause All, Both Small And Great To Become ‘Human Barcode’

Thursday, July 26, 2012
By Paul Martin

Face to face with the ‘human barcode’

Julia Johnson
FinancialPost.com
Jul 25, 2012

Sure, it’s cool and easy to pay for stuff with the wave of a smartphone — but why bother when you could just use your face?

Fast-evolving biometric technologies are promising to deliver the most convenient, secure connection possible between you and your bank account — using your body itself in place of all of those wallets and purses stuffed with cash, change and plastic cards.

Biometrics is the science of humans’ physiological or behaviourial characteristics and it’s being used to develop technology that recognizes and matches unique patterns in human fingerprints, faces and eyes and even sweat glands and buttock pressure. Its applications in the financial realm are a potentially huge time and effort saver, but that’s just a beginning for the technology’s usefulness.

“The basic thing is that you are the person who has to be authenticated for transactions. In addition to carrying other tokens and some knowledge, like your PIN for ATMs — you are you, so why not be used to authenticate yourself?” says IBM researcher Nalina Ratha.

The Rest…HERE

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