New payment methods must take security into account: Panel

摘要

Like Dick Tracy, we may soon be using our watches for more than telling time. The comic hero used his two-way radio-equipped watch to contact the police. MasterCard wants to equip watches with payment technology so that when we walk up to vending machines, we will no longer have to fish for change. We'll simply be able to aim our watch at the machine to make the payment and receive our goodies. This and other innovative payment technologies were up for discussion during a panel at MasterCard's Financial and Payment Services Leadership Summit While panelists on "The Future Now: Payment Innovation From Around The World" were enthusiastic about the possibilities, they were also cautious.