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Jonathan Camhi
Jonathan Camhi
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MasterCard Opens New Innovation Hub in New York City

MasterCard's new innovation lab will house teams working on cyber security, mobile payments, and the Internet of Things.
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MasterCard also demonstrated payments with a Pebble smartwatch (above), and a new integration with laundry machines from Maytag that will enable mobile payments at laundromats. The integration allows customers to reserve a machine at the laundromat, know when the next machine will be available, and receive an alert when their laundry is finished, all within the mobile payments app on their smartphone.

“This is about two things that are very important for us: moving towards a cashless society, and the Internet of Things … If you think about all of these machines being connected to the Internet, we can extend mobile payments to more than your laundromat. We can extend this to parking meters, vending machines, anything that is connected,” John Sheldon, SVP of innovation at MasterCard labs, noted.

 

Jonathan Camhi has been an associate editor with Bank Systems & Technology since 2012. He previously worked as a freelance journalist in New York City covering politics, health and immigration, and has a master's degree from the City University of New York's Graduate School ... View Full Bio

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Jonathan_Camhi
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Jonathan_Camhi,
User Rank: Author
10/24/2014 | 2:09:57 PM
Re: Impressed
Wow I'm generally surprised at how eye scanning puts people off. I guess I'm out of touch on this one.
Jonathan_Camhi
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Jonathan_Camhi,
User Rank: Author
10/24/2014 | 2:07:41 PM
Re: Impressed
Point taken.
Kelly22
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Kelly22,
User Rank: Author
10/24/2014 | 1:51:40 PM
Re: Impressed
Hmmm I'd take eye scanning if it meant better security but it still seems a little too sci-fi for me... definite yes to fingerprint scanners though. 
Greg MacSweeney
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Greg MacSweeney,
User Rank: Author
10/24/2014 | 1:37:23 PM
Re: Impressed
Jon, have a problem with Clones? Hire a Jedi.

Jonathan_Camhi
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Jonathan_Camhi,
User Rank: Author
10/24/2014 | 11:54:43 AM
Re: Impressed
I think it's important to note that no one has addressed my previous comment about clones. They could be the future of fraud in a world where biometrics are the most common authentication. Bet nobody's got a solution for that problem yet.
Byurcan
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Byurcan,
User Rank: Author
10/24/2014 | 11:06:03 AM
Re: Impressed
It's just the first step before they start implanting chips in our brains. They'll never take me!
Greg MacSweeney
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Greg MacSweeney,
User Rank: Author
10/23/2014 | 4:30:33 PM
Re: Impressed
I have no prolblem with fingerprints, but eye scans? I'll pass for now.
Jonathan_Camhi
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Jonathan_Camhi,
User Rank: Author
10/23/2014 | 4:26:55 PM
Re: Impressed
Really? I'm not freaked out by them at all. Maybe that's just me but I'm much more freaked out about having my identityt stolen or someone stealing my credentials.
Greg MacSweeney
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Greg MacSweeney,
User Rank: Author
10/23/2014 | 4:11:51 PM
Re: Impressed
Fingerprints are one thing, but I think many consumers will be freaked out by retna scans. (I know I am).
Kelly22
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Kelly22,
User Rank: Author
10/23/2014 | 1:29:26 PM
Re: Impressed
I would completely support the move to a change-less society. Every bag I own would weigh about 10 pounds less!  
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