Our new world of technology seeks to make the safety of money transactions more secure while exploring any means to do so. This technology works from the supply chain to the retail industry with the possibility of extending the technology to the banking and finance industry. While this technology seems harmless enough now, this technology will be ultimately used for consumer control purposes in all industry. Looking for less invasive and passive technology for tracking is very important to industry and banking for cost savings and safety. RFID may be out of the spotlight, but you can bet new research is going on behind the scenes.
Sometimes, real news is not in the headlines, but rather the conspicuous absence of headlines as a movement is pushed underground by public opinion.
“a leading provider of covert machine-readable security solutions (“CMRT”) for the detection of counterfeiting, fraud and diversion announced it has been selected to present a technology update on …a new “chipless” symbology for low-cost RFID applications…”
Chipless RFID 1/25/08
RFID News 2/17/05
Is Your Bank Tracking Your Movements?
Busted: Bankers and The Global Economy 