- Target says about 40 million credit, debit cards were hacked
- Bitcoin gains popularity among retailers
- Bitcoin payment service chief executive touts e-currency as federal authorities signal openness to it
- Reports: Amazon hopes to deliver packages by drone
- FMI urges appellate court to uphold debit reform ruling
NEW YORK — Pretty soon, retail clerks may be asking customers if they want to pay with cash, credit or face, according to published reports.
Popular Science reported that Finland-based Uniqul was creating a system that would take the customer's photo and then process biometric data, connecting it to their account. Customers would create the accounts using their credit or debit cards, and Uniqul said the system — which uses military encryption technology — would reduce time for payments from 30 seconds to less than five seconds.
In other words, it's sort of like the 2002 science fiction movie "Minority Report," only for real. A promotional video from Uniqul is below.