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First You Can Unlock Your Phone with a Fingerprint, Now You can Pay too

First You Can Unlock Your Phone with a Fingerprint, Now You can Pay too

The news that Samsung’s Galaxy S5 is the first smartphone with which you can pay with your fingerprint, both in stores and online, did not surprise me.  After all, fingerprint payment technology has been around for at least three years (I have been using it at the water park for three years).

Nevertheless, the news is huge.  From carrying money on your fingertip at the water park, to having your entire banking system at a finger’s touch is an impressive leap.

Well, not quite the entire banking system, but PayPal is integrated.  “Today people are having to type in nine-digit passwords everywhere, including one-handed on the subway,” says Joel Yarbrough, PayPal’s senior director of global product solutions.

If my fingerprint can replace ridiculous passwords that I can never remember – honestly, what’s with all this mLig4$F1&33!s business? – then I’m all for it.

But wait.  As with most things, caveat emptor.  In this case, the concern is for security, especially when the fingerprint technology on the Galaxy S5 was hacked publicly within the first few days.

So the question I am left with is this: Can somebody use a copy of my fingerprint to pay for a vacation on their new Galaxy S5?  IF so, the price to buy the Galaxy S5 will have a very profitable ROI, at least until the police catch up.

Samsung Finger Scanner

    Featured photo credit: Samsung via samsung.com

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    Last Updated on December 18, 2020

    Can Technology have Biases Like Humans?

    Can Technology have Biases Like Humans?

    Technology has taken a vantage leap in providing solutions for man. Before now, technology used to appear complex and would require a great deal of expertise to handle solutions available. Today, we have technology applicable in the simplest human activities as smart products with intelligent algorithms powering them as they make error-free judgments and provide intelligent and analytic solutions.

    Does technology have all the answers?

    This article from Credit Suisse, tells us that technology does not have all the answers because it has been found to exhibit “similar biases,” as humans. No one can discredit the impact of technology, but it is not totally free of human input and this is the reason we experience these biases in many areas we have technology holding foot.

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    Creating technological solutions transparently

    This article suggests that the process of creating technological solutions be made transparent and subject to contribution from many people who would end up as users of the product – male, female, young, old, learned, unlearned and all other preferences as we have them. It also underscores the importance of having women on product development teams. This approach is not sure to eliminate all forms of bias, but it is a good way to start in order to appraise the full benefits of technology.

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    Technology as the connecting tool

    Technology so far has been a major connecting tool amongst us humans. It is used and appreciated by all regardless of race, language and sex. In order to keep it less subjective to these arguments about human biases. I believe we should gather opinions on products and solutions before making them available to the public. This could be done by gathering input from intended target users and receiving feedback across the stages of production.

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    “Recognizing the problem is a start…success will depend on inclusive technologies that meet this vast untapped market.” This cannot be more apt especially at a time when we look up to technology for solutions. We should not muzzle our progress with technology by battling algorithm bias. The first way to avoid this battle is by reading this article here.

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