How to join the network: If you hate typing long passwords into super small screens, I have good news: smart people are trying to fix the problem. Yes, the whole rigmarole of creating a word that has at least one capital letter, one number and one special character could soon be history.
For the mobile payment industry, this is exciting news because people won’t use mobile wallets if they have to enter a complicated password before every single purchase. At the same time, without strong enough security in front of mobile payments, fraud and hacking will ruin the party.
Instead of using passwords, it’s likely that we will soon use bio-signatures to approve purchases. Apple went for the good old fingerprint with Apple Pay and Touch ID, but is that the only option? No. Breathalyzers, selfies and, yes, body sweat are actually options, too. But are these possibilities really as slick as they sound?
Well, body sweat technically is, but to pass judgment, we have to talk through the implications of each technology. Thanks to Google Glass and Amazon Fire Phone some overhyped technologies, we know that even the loftiest of value propositions backed by billions of dollars can still face plant on reality. The contenders in the password showdown are no exceptions.