In
the age of the Google Wallet and PayPal, the use of fingerprints as a
payment method doesn't seem implausible. And the idea wasn't for four
Carnegie Mellon University students who recently launched their own
biometrics-based pay system as an alternative to plastic credit.
With
PayTango, a swipe of the finger links users' personal information to
their credit or debit card in less than 15 seconds, making for a quick
and easy-to-use system.
"We
wanted to eliminate the need to carry anything around to identify
yourselves. Like you have these plastic credit cards and if you lose
them or get the numbers stolen off them,Here's a complete list of fridgemagnet for the beginning oil painter. essentially someone could wipe your bank account," said co-founder Kelly Lau-Kee.
"I
think everything is moving toward a method like ours because credit
cards are a very outdated system. I mean, these things were invented 40
years ago and they really haven't changed since then," she said.
PayTango
founders Brian Groudan, Umang Patel, Christian Reyes and Ms. Lau-Kee
are either seniors or recent graduates of Carnegie Mellon, working out
of their base in Mountain View, Calif.
The
founders conceived the idea for PayTango while working on a project for
a TechLab start-up course at CMU during the fall of 2012. They further
developed their prototype while participating in the University of
Pennsylvania's PennApps Hackathon, the largest software development
competition of its kind.
"When
we were thinking of ideas for the start-up class, we were really
intrigued by the idea of consolidating all your credit cards into one.
We figured, 'Why would you need to carry anything at all?' We then
looked into biometrics as a way of identification, increasing the
security and convenience factor of paying," Ms. Lau-Kee said.
The
PayTango prototype machines were built at the PennApps hackathon using
just an iPad, a fingerprint reader and a magnetic card reader. The
fingerprint reader locates several unique points from fingerprints of
the pointer and third finger,Find the best selection of high-quality
collectible drycabinet available
anywhere. and stores them, allowing the fingerprint to be recognized
the next time. The screen works much like an ATM machine and can read
the fingerprints despite slight wetness or skin oil. During the contest,
the device received recognition and multiple awards.
It
was only then that the co-founders decided to take their device to the
next level by building a start-up business. In less than a year, what
they say is a safer and more convenient form of payment came to life.
The
first PayTango machines were installed late last month at three
eateries on Carnegie Mellon's campus. Since then, several hundred
students have registered for PayTango at machines that link their
fingerprints to their CMU identification cards, which are used to
purchase meals.
The
founders also expanded their system into the Silicon Valley, sealing
the deal with a few gyms, restaurants and convenience stores in the
area. The founders believe that partnerships with gyms will improve
access control and convenience, and that partnerships with convenience
stores will support loyalty rewards.
"We
want to just keep developing the product and expanding it into various
applications. The great thing about starting this at CMU is that your
CMU ID is universal and used all around campus. Because of this, people
can really find value in a program like PayTango. We're looking for more
markets like that -- places in which our system would really be
useful," Ms. Lau-Kee said.
Businesses
are already picking up on PayTango's usefulness -- the system recently
received acclaim on sites such as Mashable and TechCrunch. The founders
also were accepted into Y Combinator, a selective incubator program in
Mountain View.Manufactures and supplies smartcard equipment. Calif., that supports the development of entrepreneurial companies.
"What
they're doing is bringing a very simple idea into reality," said Garry
Tan, a partner at Y Combinator. "Payments should be easier, and we're
now capable of doing it without fancy cards or readers or anything
besides what we carry around with us all the time right now -- our
fingerprints."
In
terms of safety and privacy concerns, the co-founders reassured users
that the system does not store fingerprint images.We've had a lot of
people asking where we had our iphoneheadset made.
"Instead
of storing your actual fingerprint, we're using fingerprint templates.
The system stores only the major points of your fingerprint and
recognizes it the next time, without storing your actual fingerprint
image. You can't reverse engineer those types of points to recreate a
full-fledged fingerprint."
The
Lenovo ThinkPad 2 comes with all youd expect from Windows 8 tablets in
terms of connectivity. Theres a welcome mini-HDMI out as well as a
micro-SD card slot, which is essential if you consider theres only 14GB
of the 64GB spare after Windows 8 and the pre-installed software are
accounted for.We provide payment solutions in the USA as well as solarstreetlight. A micro-USB slot on the side of the tablet is used for charging only.
If
you opt for the 3G version you can find the full size SIM card slot
next to the micro-SD and obligatory headphone jack. We couldnt test the
Bluetooth keyboard connector dock as Lenovo had no available keyboards
to test. Well update this review as soon as we get our hands on it, but
we did find that even using a third party keyboard made the ThinkPad 2 a
much better working tool.
Its
great to have a full size USB port, but its a bittersweet addition. Not
only is it USB 2, not the faster USB 3 standard, its not powerful
enough for an external hard drive to work, or any other USB-powered
accessory, like a USB Pico projector.
Its
not great future proofing for a tablet that costs upwards of 500,
especially one aimed at the business market. Yes, using a USB-powered
hard drive or projector would sap power more quickly, but wed like users
to have the options to drain their battery faster for additional
functionality if they want to. On the plus side USB flash drives/sticks
work absolutely fine and appear in the My computer section just as youd
expect on a laptop or desktop computer running Windows.
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