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The whole time I was reading this all I could think was "man, this reads like a bad advertisement." Then I noticed the disclaimer (horribly placed; I skipped o
by nmrm 12y ago
The whole time I was reading this all I could think was "man, this reads like a bad advertisement."
Then I noticed the disclaimer (horribly placed; I skipped over it the first time because it looked like a caption text for the banner image): Editor’s note: Simon Black is CEO at London-based Sage Pay.
edit: So, this is a long-form advertisement for a payment processing company. Why do people still read tech crunch?
Also, biometrics for payment? Christ, because payment processing hardware/support/service isn't expensive enough already! And has the past decade of massive privacy violations by both the private and public sectors taught us nothing?
- alexhawdon 12y agoQuite. Additionally: "...will also make fraud virtually impossible..." I'm pretty sure this line is trotted out every time a new payment technology is introduced. But one that's tied to some irrevocable, personally-assigned 'key'... yup: nothing could possibly go wrong there!
- tribaal 12y agoNot to mention my very favorite "feature" of being non-revokable. Well, only once per finger. And you only got a finite amount of them by nature. It'll be so much fun when the payment database gets compromised! I always thought most biometrics vendors were fishy, and this is no exception.
- imaginenore 12y agoWhat's really ironic is they will be taken out of business by Bitcoin (or its more successful successors).
- chrismcb 12y agoThe fact that it reads like an advertisement and was written by a CEO of a payment processor, doesn't make it less relevant. He makes some valid points. Points many here might not like, but the masses do.