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Article: Paying Via i-Pod: Popular Music Device To Add Feature: Ability To Make Electronic Payments.
- Article from:
- Credit Union Journal
- Article date:
- October 3, 2005
- Author:
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SAN FRANCISCO -- In the latest entry into the payments market, Apple is expected to introduce an i-Pod for Christmas that will have the capacity to be a cell phone, provide video on demand, and even serve as a payments mechanism.
The new i-Pod will join together the pay-by-touch of biometrics and the cell phone itself, which are expected to revolutionize the payments systems over the next couple of years, according to Mark Sievewright, senior VP-payments systems, for Fiserv.
These revolutionary payment mechanisms are not to be feared by credit unions, but to be harnessed, Sievewright told attendees at CUNA's annual Future Forum last week. They are part ...