Future of money

Future of money

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  • Soccer fans wear rival player's mug shot on T-shirt

    Soccer fans wear rival player's mug shot on T-shirt

    Friday, September 12 2014 10:39 AM EDT2014-09-12 14:39:44 GMT
    Relatives of an Indiana high school student whose mug shot appeared on T-shirts at a soccer game between rival schools reportedly claim spirited fans went a bit too far.
    Relatives of an Indiana high school student whose mug shot appeared on T-shirts at a soccer game between rival schools reportedly claim spirited fans went a bit too far.
  • Prisoners kept handcuffed in park

    Prisoners kept handcuffed in park

    Friday, September 12 2014 8:01 AM EDT2014-09-12 12:01:28 GMT
    It was a day in the park for about 40 prisoners - handcuffed to each other, a fence and even a children's slide.  Authorities have been holding some crime suspects in a public park in western Bogota's La Granja neighborhood because they say there is no more room at a local detention center.
    It was a day in the park for about 40 prisoners - handcuffed to each other, a fence and even a children's slide.  Authorities have been holding some crime suspects in a public park in western Bogota's La Granja neighborhood because they say there is no more room at a local detention center.
NEW YORK (MYFOXNY) - These days, when you check out of a grocery store, your toughest choice might be cash or credit.

But in a few years, or 20, there may be no need to carry dollar bills, credit cards, or stacks of cash.

What if there was no register when you walked into a store? Maybe something else you're carrying, like a watch or phone with a ring emitting signal can be your currency.

It might sound like the stuff of science fiction but futurist and social scientist Heather Schlegel says it's not.

"And so, rather than having to wait in a line, or the time to actually pay, you can just be like, 'Boom. That's was I want' really fact and like be able to leave really quickly and know that it might be secure too," Schlegel says.

Social media sites like Facebook already have algorithms to recognize faces in photos. Schlegel sees a time when store cameras may also utilize similar technology so companies will know when you're in stores.

"This might sound really creepy or scary, and in some ways it is a little bit, but if it allows us to kind of go to a store and they know who we are and what we always kind of normally like to buy or what we might like to buy, it makes it much easier to reduce fraud. Someone can't impersonate you, Schlegel says.

And, are you ready to pay with your veins?

Schlegel says that a new payment system is already undergoing a test in Sweden. The biometric machine looks at a user's veins to identify them.

It's called Quixter. It allows a user to place their hand over a reader that identifies the patron via their unique vein patterns.

It is being used by 15 retail stores and dining establishments around Lund University.

Customers register their social security number and phone number wtih an installed terminal along with payment information.

After that they can pay via vein-scanning. The company claims the payment process takes less than five seconds.


  • Local NewsLocal NewsMore>>

  • Suspect dead following police chase

    Suspect dead following police chase

    Tuesday, September 16 2014 11:12 AM EDT2014-09-16 15:12:59 GMT

    At least one suspect is dead in a police-involved shooting in Rutherford, New Jersey.The shooting occurred at about 2:30 a.m. at Rutherford Ave. and Ridge Rd. following a chase. Investigators are piecing together what happened. One occupant of an SUV was shot and pronounced dead at a hospital. The other occupant was unharmed and was arrested. The preliminary investigation shows a state trooper and police officers from Lyndhurst and Rutherford were involved in the chase.

    At least one suspect is dead in a police-involved shooting in Rutherford, New Jersey.The shooting occurred at about 2:30 a.m. at Rutherford Ave. and Ridge Rd. following a chase. Investigators are piecing together what happened. One occupant of an SUV was shot and pronounced dead at a hospital. The other occupant was unharmed and was arrested. The preliminary investigation shows a state trooper and police officers from Lyndhurst and Rutherford were involved in the chase.

  • Trump Plaza closes; mogul Donald Trump may step in

    Trump Plaza closes; mogul Donald Trump may step in

    Tuesday, September 16 2014 10:41 AM EDT2014-09-16 14:41:06 GMT
    A fourth Atlantic City casino has gone out of business.  Trump Plaza shut its doors at 6 a.m. Tuesday.  The casino at the center of the Boardwalk and the end of the Atlantic City Expressway has been declining for years, performing worse than any of the city's other casinos.
    A fourth Atlantic City casino has gone out of business.  Trump Plaza shut its doors at 6 a.m. Tuesday.  The casino at the center of the Boardwalk and the end of the Atlantic City Expressway has been declining for years, performing worse than any of the city's other casinos. Real estate mogul Donald Trump took to Twitter on Tuesday to say he left Atlantic City years ago but may return.
  • Wedding reception at country club ends with brawl

    Wedding reception at country club ends with brawl

    Tuesday, September 16 2014 8:37 AM EDT2014-09-16 12:37:23 GMT
    New York State NewsNew York State News
    Police say they're investigating a large brawl that broke out at the end of a wedding reception held over the weekend at a suburban Buffalo country club. Officials tell local media that seven different police agencies were called in late Saturday to break up the fight at the Orchard Park Country Club. Officers say dozens of the approximately 200 guests were involved in the melee, which broke out after a member of the wedding party was tossed off the premises for inappropriate behavior.
    Police say they're investigating a large brawl that broke out at the end of a wedding reception held over the weekend at a suburban Buffalo country club. Officials tell local media that seven different police agencies were called in late Saturday to break up the fight at the Orchard Park Country Club. Officers say dozens of the approximately 200 guests were involved in the melee, which broke out after a member of the wedding party was tossed off the premises for inappropriate behavior.
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