Word: cybervault
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Dates: during 2008-2008
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Eventually, he believes, pocket biometric devices will replace credit and ATM cards and will even dispense with notaries public and those time-consuming face-to-face real-estate closings. Personal and biometric data, says Scott, would be transmitted via cell phone to a cybervault maintained by a financial-service company. If its computer decided everything was in order, the transaction would go through. Certainly the privacy issue will rear its head again, but, as has happened with Internet transactions, if consumers are confident in the system and it offers convenience, those fears won't be fatal to growth...
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