IT'S HERE. VeriPay, implantable RFID payment chip
From Katherine Albrecht, CASPIAN
It's here.
The implantable RFID payment chip I predicted 4 years ago was unveiled
to the world today in Paris, France (see full story below). The
"VeriPay" chip contains a unique ID number associated with the
individual in whom it is embedded. This unique ID number can be linked
to credit card or other payment method and communicated to merchants by
merely holding the chipped body part up to an RFID reader/sales device.
Though it is not clear which part of the body the company targets for
payment chip implantation, my guess is that the upper arm (where the
company's "Verichip" product is currently embedded) would be too
cumbersome to wave at a reader device. More likely, the chip will be
embedded in an individual's hand or wrist to facilitate the "wave and
go" payment system currently possible with the Mobil Speedpass-Timex
Wristwatch system. (See: http://www.timex.com/speedpass/).
This is personally very relevant to me, since I founded CASPIAN in 1999
on the prediction that this very technology would soon be knocking at
humanity's door.
With sincerest wishes for continued freedom,
Katherine Albrecht
Founder and Director
CASPIAN - Consumers Against Supermarket Privacy Invasion and Numbering
Applied Digital Solutions' CEO Announces ``VeriPay'' Secure, Subdermal
Solution for Payment and Credit Transactions at ID World 2003 in Paris
Friday November 21, 9:30 am ET 2003
Applied Digital Solutions' CEO Announces ``VeriPay'' Secure, Subdermal
Solution for Payment and Credit Transactions at ID World 2003 in Paris
Friday November 21, 9:30 am ET 2003
http://biz.yahoo.com/bw/031121/215207_1.html
From Katherine Albrecht, CASPIAN
It's here.
The implantable RFID payment chip I predicted 4 years ago was unveiled
to the world today in Paris, France (see full story below). The
"VeriPay" chip contains a unique ID number associated with the
individual in whom it is embedded. This unique ID number can be linked
to credit card or other payment method and communicated to merchants by
merely holding the chipped body part up to an RFID reader/sales device.
Though it is not clear which part of the body the company targets for
payment chip implantation, my guess is that the upper arm (where the
company's "Verichip" product is currently embedded) would be too
cumbersome to wave at a reader device. More likely, the chip will be
embedded in an individual's hand or wrist to facilitate the "wave and
go" payment system currently possible with the Mobil Speedpass-Timex
Wristwatch system. (See: http://www.timex.com/speedpass/).
This is personally very relevant to me, since I founded CASPIAN in 1999
on the prediction that this very technology would soon be knocking at
humanity's door.
With sincerest wishes for continued freedom,
Katherine Albrecht
Founder and Director
CASPIAN - Consumers Against Supermarket Privacy Invasion and Numbering
Applied Digital Solutions' CEO Announces ``VeriPay'' Secure, Subdermal
Solution for Payment and Credit Transactions at ID World 2003 in Paris
Friday November 21, 9:30 am ET 2003
Applied Digital Solutions' CEO Announces ``VeriPay'' Secure, Subdermal
Solution for Payment and Credit Transactions at ID World 2003 in Paris
Friday November 21, 9:30 am ET 2003
http://biz.yahoo.com/bw/031121/215207_1.html
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