7 Unusual Emerging Payment Technologies
August 22, 2014 1:59 PM
As payment technology pushes into the future, innovators are coming up with unexpected ways to pay. Whether this means attaching technology to animals or sewing it into our clothing, many of these products are a leap beyond the ordinary payment card. (Image: ShutterStock )
The Payment Donkey
Dogecoin
The "doge" meme quickly transformed from an Internet joke into a serious financial instrument that is accepted by merchants who support the use of multiple digital currencies.
Angel Navarrete/Bloomberg
Nod to Pay
Google Glass can do many things a smartphone can, but its interface forces some inventive approaches to approving payments. Eaze's Nod to Pay app asks users to speak the phrase "OK Glass, make a payment," then stare at a QR code and finally nod twice to approve a purchase. (Image: Bloomberg News)
Interactive Cards
Products like Coin and the Dynamics ePlate card are reprogrammable versions of the traditional magnetic-stripe card. Whether their purpose is to add security or to streamline reward redemption, products like these are rare attempts to modernize the magnetic-stripe card without replacing it entirely. Pictured: Coin
Skin Deep
A decade ago, Applied Digital Solutions was in talks with MasterCard and two banks to figure out if its VeriChip - a wireless device that is implanted under the skin - could be used for payments. (Image: ShutterStock )
Sliced Thin
The latest wave of payment apps shed as many bells and whistles as possible. Push for Pizza , a new pizza-ordering app, takes this to an extreme by letting people order and pay for pizza with the tap of a button - and that's all it does. Pictured: Max Hellerstein, co-founder of Push for Pizza developer Simple Food Solutions.
Team Spirit
Before smartwatches and MagicBands ushered in a new era of wearable payments, NCR developed the payment-enabled hockey jersey . Offered to Tampa Bay Lightning season ticket holders, the jersey could be used for stadium admission and parking payments. (Image: ShutterStock )
