Security becoming a more serious concern as mobile payments grow in popularity
Mobile payments are becoming increasingly popular, a trend that is attracting more attention to the issue of mobile security. Because mobile devices like smartphones and tablets are being used to traffic financial information, they are becoming more alluring targets for malicious groups that would like to exploit this valuable information. Security concerns have put a damper on the growth of mobile payments, but there may be ways to secure financial information without having to rely on the inherent security software of a mobile device or mobile commerce application. Biometrics may be the answer.
PayTango aims to change the way people pay
PayTango, a relatively new technology startup backed by Y Combinator and several investors based in Silicon Valley, California, has come up with a new way to make mobile payments more secure. The company has begun teaming with local universities in order to offer a new, convenient way for students to pay for goods and services without having to rely on credits cards or other forms of physical currency. The technology developed by PayTango quite literally puts purchasing power at the fingertips of consumers.
Biometric system puts a new twist on commerce
PayTango has developed a biometric system that can scan a person’s fingerprints in order to activate a payment. The system can associate a person’s various credit cards, loyalty cards, and even ID with their fingerprints through a simple scanning process. Once these payments methods have been associated with a person’s fingerprints, they can simply tap a biometric scanner in order to purchase products or services.
PayTango system receives international attention
The system is still in an early stage of development and is not yet ready for business applications. PayTango notes that it has received international interest for its system, especially from companies and organizations that have a strong interest in mobile payments. It will take some time before the biometric system can be scaled up for business applications, but PayTango has high hopes for its use in the field of mobile commerce.
The most recent statistics are showing that the devices are more common than toilets around the world.
The latest technology news through a recent UN report has shown that there is officially greater access to mobile phones around the world than there is to toilets.
The United Nations report has indicated that the penetration of these devices is greater than that of bathrooms.
According to the statistics within the UN report, there are approximately 6 billion people around the globe who currently have a mobile phone. At the same time, however, there are only 4.5 billion who have access to a traditional latrine or toilet. Though this may seem to be a rather amusing statistic, this technology news has revealed a shocking truth to some of the largest organizations in the world.
The technology news report has unearthed an issue that is not at all funny, though the data may seem to be.
As a result of this technology news, the UN and some of the largest names in the industry – which includes Bill Gates from Microsoft – are coming together to help to solve the “sanitation crisis” that is occurring in many regions around the globe.
This week, the deputy secretary general of the United Nations, Jan Eliasson made a call to action to the people and organizations of the world in order to make urgent changes to eliminate the lack of basic sanitation that is a daily reality for 2.5 billion people, as well as “to change a situation in which more people worldwide have mobile phones than toilets.”
Mr. Eliasson explained his determination to drive action that will lead to positive results based on this technology news. He has addressed his call to all actors, “government, civil society, business and international organizations,” to make a commitment to taking measurable action that would generate the necessary resources and implement them for a rapid boos to the “access to basic sanitation” that is available to people around the world, no matter where they may live.
The technology news was seen as a reality check that led directly to this call to action. According to the UN report, it would not establish any new funding mechanisms or structures. Instead, it would concentrate on creating action, one community at a time, at that level.
