lmao
Chipped credit cards/debit cards are here, and it IS better. You have to enter your pin code when paying for stuff. Means no more stealing cards and using them with forged sigs (which is so easy if you wanted to do it, as I have NEVER seen anyone challenged about their sig!). Now you enter your pin into a coded pad. My only problem with this is that they haven't made those pads good enough to prevent others viewing your pin number. We call it Chip and Pin - its useful, and it stores alot more data. You could use it as ID as well
. Not all that bad.
As for ATM remembering your transactions? Bah - thats not tough, and nothing new either. It doesn't need a pin for that, it can do it via transaction codes assigned to withdrawls, payins, debits, credits, adjustments, transfers etc. There are tons of different codes, one for every type of immaginable transfer going - including paying in by cash, counter, cash machine - or by head office
.
Every transaction you make is monitored for Anti fraud/money laundering already, you just don't know it.
If Retina scanning comes in to help with ID, I have no problem as LONG as its been tested
fully to ensure that no damage occurs to your eyes. There is no new information they can store on there that they don't have already - shops like Tesco already know your shopping habits through their reward cards etc - how much you spend, on what and where etc. Thousands of companies around the world have access to your account details - its called paying a bill - and all of them know where you live/your a/c numbers/telephone/email and everything else. Cars are registered to you and more. Your medical records will soon be 'online' for doctors around the country - so what privacy is left apart from personal personal? That would be invasive, but the rest has been going for decades.