In a groundbreaking move, the Danish government has initiated a proposal that will allow selected retailers such as restaurants, clothing stores and gas stations to refuse payments in cash. Read More: Denmark Legislates Cashless Society | PYMNTS.com.
Denmark, known to be the “happiest” nation on the planet, has a long and storied history of providing its citizens with a strong social safety net—a system designed, in the words of the nation’s official website, to provide its people with “the necessary material framework for living a reasonable life.” Read More: The Cashless Society […]
Canadians are now using cash for fewer than half of their transactions, a survey done for the Bank of Canada suggests. Read More: Canadians Mark A Milestone On Road To Cashless Society.
This story is part of our “Money Lab” series, in which respected figures from the world of finance put forward controversial ideas for improving our personal finances or the economy. We will publish this story in print in “Your Money” this weekend along with the best comments from readers, so have your say below Read […]
Biometric identification systems, like fingerprints and eye scans, are old hat. Try this on –or in– for size: a PayPal executive who works with engineers and developers to find and test new technologies, now says that embeddable, injectable, and ingestible devices are the next wave in identification for mobile payments and other sensitive online interactions. […]
It’s a thought that is just a little too Orwellian for most people — putting a microchip inside your body. But there are people who are doing just that already. Read More: Tracking kids via microchip ‘can’t be far off,’ says expert.
In 2009, the Legislature passed, and then-Gov. Tim Pawlenty signed, legislation prohibiting implementation of the Real ID Act. Five years later, the chickens have come home to roost: The Real ID Act is being enforced, and many of the myths about it have turned out not to be true. With little more than a month […]
French lawmakers overwhelmingly approved a new law on Tuesday granting the state sweeping powers to spy on its citizens in an attempt to weed out terrorists, amid criticism from rights groups that the bill is vague and intrusive, reports AFP. Read More: New French Surveillance Law to Find Terrorists – Global Agenda – News – Arutz Sheva.
Going by hacker stereotypes, it’d be pretty easy to physically identify anyone committing an act of digital crime. A combination of pallid skin, hoody and laptop is the biggest giveaway. Such hackneyed images of hackers are, of course, evidently wrong, bordering on offensive. Real hackers penetrating business networks have the common sense to avoid cliched […]
The European Court of Justice has ruled that the Netherlands can collect fingerprints and store all biometric data from its citizens when applying for a passport or ID card, following legal objections by Dutch citizens. Read More: EU permits Netherlands to collect biometrics | Planet Biometrics News.