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Thursday March 30, 2006 8:00 pm

US Retailers Considering “Electronic Wallet” Purchases


BioPay

Newly released research by Sanford Bernstein analyst Emme Kozloff, found that by using “electronic wallets” companies like Wal-Mart could save big.  By using customer’s fingerprints as a payment method, companies could speed up the checkout process; reduce the potential for fraud and identity theft, and most importantly save money by lowering the transaction fee.  This type of system is already in use by Albertsons, Cub Foods, and Piggly Wiggly.  While this might save time at the checkout, privacy advocates are still very concerned about the process. 


Read More | CNN


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