Financial Services (105)
İş Bank has introduced biological identity point of sale machines. İş bank credit card customers can now shop without entering their personal identification number. They simply need to touch a pos machine with their fingertip to shop easily and safely. It’s the first application of it’s kind all over the world.
Why it matters
With so many passwords and numbers to remember in our everyday lives, is the convenience and personal touch of biometrics a realistic alternative?
“Svyaznoy”, a large retail chain that specialises in mobile and digital electronics has launched a new card that combines debit, credit and reward points. As part of the scheme, banking services will be available in more than 2,200 retail outlets.
The Gitanjali Group has set up a vending machine in an Indian luxury shopping mall that dispenses jewelry made from gold and diamonds. The products are sold at a retail price ranging between $US200 – 600.