July 4, 2006

Orwellian banking arriving soon

Filed under: RFID — Conspiracy Theory @ 9:17 pm

Sci-Tech Today recently published an article titled Citibank Experiments with RFID Tech:

"As you walk into your bank, your every move is tracked and studied. Once at the teller, there will be little need to present your ID. They already know who you are. That somewhat Orwellian concept could become a reality at your local lending institution in the near future if the radio frequency identification (RFID) technology now being tested in Europe proves successful…

Citibank has begun issuing pilot MasterCard PayPass key fobs, which are similar to small credit card that attach to key rings, for use at RFID-enabled merchants and at the bank branches…

Once the use of RFID is fine-tuned, it will be rolled out at 2.5 million PayPass debit devices."

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