The purpose of this study is to find out can biometrics be the next new inventive way for someone to exchange money and why hasn’t it been successful. Previously there has been a couple companies who’ve tried to make this effective, but it ended up falling through for several reasons. Even though these new inventive ways have become more popular in other countries, it still hasn’t become a main source in this country. This study will show the pros and cons of the new innovation and what company has been pushing this new invention forward.

1. PAYMENTS ARE JUST A TOUCH AWAY
The purpose of this study is to find out can biometrics be the next new inventive way for someone to exchange money and why hasn’t it been successful. Previously there has been a
couple companies who’ve tried to make this effective, but it ended up falling through for several reasons. Even though these new inventive ways have become more popular in other
countries, it still hasn’t become a main source in this country. This study will show the pros and cons of the new innovation and what company has been pushing this new invention
forward.
Sterling Carter, Aurielle Greene, Michael Brockly, Stephen Elliott
Overview
PLACE WHERE
CREDENTIAL WILL
GO
WHAT THE
CRENDTIAL WILL BE
FOR
• Phone
• Smart Card
• Computer
• School
• Bank
• Grocery Store
• Clothing StorePay-by-Touch was a company that wanted to use
biometrics to make everyone's life a lot easier. It consisted
of BioPay and Pay-by-Touch. The concept was to use a
biometric as a form of payment. There were advantages
and disadvantages of fingerprint recognition were:
ADVANTAGES DISADVANTAGES
• No PIN to remember
• Greater security
• Reduced maintenance effort
compared to PIN Pad
• Capability to add biometric on top
of PIN
• The security couple “What I have”
(the card) and “What I know “(the
PIN) is replaced by a much more
powerful “What I have” (the PIN)
and “What I am” (biometrics).
• Concerns regarding personal privacy
• Lack of secure, convenient, user-friendly
options for authentication and
identification
• The ability to share the information with
other networks
• People worried what will happen to their
fingerprint once it is in the system
• Fingerprints are associated with police and
federal government
• Worried that their information will be sold
away to identify thieves
• Lack of knowledge about the process
• Laziness by the consumer
PROBLEMS SOLUTIONS
• Ever-increasing costs for
managing customer
accounts
• The penalties of online
fraud
• Loss of business because
people unwillingness to
create another account
• Businesses and
governments cannot
successfully identify the
individuals
• Hoaxed websites
• Stolen passwords
• Compromised accounts
• All these Indications of
insufficient authentication
devices
• There could be a
credential system used
so that all of your
information isn't given
out all a once, just the
needed information is
• It will be a secure system
used by the government
too
• The credential will be
for different types of
establishments
• The credential can be
programed in to your
phone or computer
AllTrust began when Pay-by-Touch filed for
bankruptcy abruptly in 2008. After a while
there were several law suits against them.
In 2008, the asses were acquired by
Phoenix Check Cashing, which renamed
itself AllTrust. The assets of Pay-by-Touch
are now owned by YOU Technology.
Identity Ecosystem
Historical Timeline of Payments
Successor
Companies