(Image: ThinkStock)
Hand tattooed with international currency

Skin Deep

About ten years ago, MasterCard looked into using devices such as the ADS VeriChip, which is implanted under the skin. Not much has come of the idea, but the future of payments lies in consumers' hands … literally. (Image: ThinkStock)
Clock reaching noon with qr code

Bye-Bye POS

While many merchants are trying to integrate mobile payments at the point of sale, Target is removing the point of sale from the process by letting customers make mobile purchases from its aisles. Consumers scan a product's quick-response (QR) code, and the product is immediately purchased and shipped to them. (Image: ThinkStock)

A Card Scanner Darkly

The film Minority Report predicted many things, including debit cards that can make anonymous payments for things like black-market eyeballs. An untraceable digital payment may seem like science fiction today, but systems like Bitcoin hold that potential. (Image: Twentieth Century Fox/Dreamworks)
GPS device

Location, Location, Location

With the advent of geolocation technology, retailers are able to send coupons and special offers depending on a user's phone's location. Systems such as shopkick's also provide offers when the phone hears an audio signal indicating a consumer has entered a retail partner's store. (Image: ThinkStock)
Time is money

Fashionably Late Payment

For those who don't want to dig out their wallets (real or mobile) to pay, Garanti Bank in Turkey partnered with MasterCard to create the Bonus Trink Watch, which uses MasterCard's contactless payment system, PayPass. Soon the day could come where any accessory could be customized to carry built-in payment capabilities. (Image: ThinkStock)

Going Turbo

Checks and electronic payments can take days to settle — but they don't need to. Companies such as Fiserv are repurposing their debit networks to provide instant access to funds from scanned checks or person-to-person payments. (Image: ThinkStock)
Order In

Be Our Guest

Only a few restaurants have systems allowing customers to order and pay for meals at the table, and these restaurants still have servers to bring out the devices. But in the future, the server's personal touch may not be needed, as every aspect of the restaurant is controlled online. (Image: ThinkStock)
abstract background of falling letters on a white background. motion blur

Acronyms Attack!

Consumers already use PIN codes every day at the ATM and POS. More banks are issuing EMV cards and some are experimenting with NFC mobile payments — which, of course, are PCI compliant. What else does the march of progress spell for payments? (Image: ThinkStock)