VeriPay, a subdermal microchip
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From: Western Colorado USA
VeriPay, a subdermal microchip
PALM BEACH, Fla.--(BUSINESS WIRE)--Nov. 21, 2003--Applied Digital Solutions, Inc. (Nasdaq: ADSX - News) an advanced technology development company, announced that the Company's Chief Executive Officer, Scott R. Silverman, in his speech today at the ID World 2003 in Paris, France, revealed the Company's newest subdermal RFID solution called VeriPay(TM). VeriPay is intended to be a secure, subdermal RFID (radio frequency identification) payment technology for cash and credit transactions.
So instead of trying to steal your wallet, now they'll just hack off your hand?
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From: Back where I started...
In that same article, an executive with a major credit card company said this about his company's RFID payment technology: "Ultimately, it could be embedded in anything - someday, maybe even under the skin."
I've got a good idea where they can take that thing and embed it...
I've got a good idea where they can take that thing and embed it...
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From: Baileyton, TN
Why companies insist on trying to do this particular technology I do not know. Especially as there is already enough technology in criminal hands to receive any data contained on such a chip at any time. The retail companies tried to implement a system similar, to tag clothing. It can be defeated easier than any other form of security device. Many companies no longer use the RFID cards to gain access to sensitive areas, because the encryption embedded in the system is too easily overcome. They need to do a lot more to combat the criminal techno wizzes before they start crowing about their marvelous systems.
Theo
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