New biometric scanner being trialled to allow customers to pay using the unique pattern of veins in their finger

New biometric scanner being trialled to allow customers to pay using the unique pattern of veins in their finger

Assessment

Interactive Video

Business

University

Hard

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The video discusses the emerging trend of biometric payment technology, which links a person's finger to their bank account, offering a highly secure method of identification. This technology is being trialed in supermarkets to replace loyalty cards, providing convenience as people are less likely to forget their fingers compared to cards. The video highlights the importance of trust in the economy and how biometric payments could revolutionize security. It also traces the evolution of payment methods from electronic payments to contactless and mobile banking, predicting a future with more biometric security and less reliance on cash and cards.

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OPEN ENDED QUESTION

3 mins • 1 pt

What new insight or understanding did you gain from this video?

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