Future of money - Houston weather, traffic, news | FOX 26 | MyFoxHouston

Future of money

Posted: Updated:
  • Popular StoriesMore>>

  • Could airlines create a class just for children?

    Could airlines create a class just for children?

    Monday, July 28 2014 12:37 PM EDT2014-07-28 16:37:57 GMT
    Imagine a segregated airline flight: one section for children and one section for adults only. This is the vision of entrepreneur Richard Branson, the president of Virgin Atlantic.
    Imagine a segregated airline flight: one section for children and one section for adults only. This is the vision of entrepreneur Richard Branson, the president of Virgin Atlantic.
  • Samsung cell phone fire

    : Samsung cell phone fire

    Friday, July 25 2014 1:04 PM EDT2014-07-25 17:04:01 GMT
    A 13-year-old North Texas girl was awoken in the night by a smoldering cell phone on the other side of her pillow, but the cell phone manufacturer says she did something they warn users about.
    A 13-year-old North Texas girl was awoken in the night by a smoldering cell phone on the other side of her pillow, but the cell phone manufacturer says she did something they warn users about.
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>>

  • 'Get on Up' and James Brown's Harlem legacy

    'Get on Up' and James Brown's Harlem legacy

    Friday, August 1 2014 5:55 PM EDT2014-08-01 21:55:13 GMT
    "Get on Up" is in theaters now. The film chronicles the career of James Brown, who had a special connection to Harlem and New York. Billy Mitchell is the in-house historian at the historic Apollo Theater. He says the Apollo was a second home to Brown, as it was here where he became an international superstar who appealed to all. But Brown's NYC legacy stretches even further.
    "Get on Up" is in theaters now. The film chronicles the career of James Brown, who had a special connection to Harlem and New York. Billy Mitchell is the in-house historian at the historic Apollo Theater. He says the Apollo was a second home to Brown, as it was here where he became an international superstar who appealed to all. But Brown's NYC legacy stretches even further.
  • Dog found in abandoned home cleaned up and adopted

    Dog found in abandoned home cleaned up and adopted

    Friday, August 1 2014 5:51 PM EDT2014-08-01 21:51:00 GMT
    A 6-year-old Shih Tzu mix that was found in an abandoned home in Lindenhurst two weeks ago now has a new home with a new family. Ziggy has been has been cleaned up and has undergone physical therapy. Babylon town employees took three and a half hours to remove nearly four pounds of matted hair after they found him. Ziggy's fur was so matted and his nails so overgrown that he could barely walk.
    A 6-year-old Shih Tzu mix that was found in an abandoned home in Lindenhurst two weeks ago now has a new home with a new family. Ziggy has been has been cleaned up and has undergone physical therapy. Babylon town employees took three and a half hours to remove nearly four pounds of matted hair after they found him. Ziggy's fur was so matted and his nails so overgrown that he could barely walk.
  • Massive emergency drill in New York City

    Massive emergency drill in New York City

    Friday, August 1 2014 5:14 PM EDT2014-08-01 21:14:45 GMT
    The New York City Department of Health conducted a massive emergency preparedness drill at 30 facilities across the city on Friday. They tested the delivery of emergency medications in the event of a biological attack, such as anthrax, or other large-scale public health emergency in the city. The majority of the deliveries will take place to public school buildings.
    The New York City Department of Health conducted a massive emergency preparedness drill at 30 facilities across the city on Friday. They tested the delivery of emergency medications in the event of a biological attack, such as anthrax, or other large-scale public health emergency in the city. The majority of the deliveries will take place to public school buildings.
Powered by WorldNow

KRIV FOX 26
4261 Southwest Freeway
Houston, TX 77027

Phone: (713) 479-2801
Fax: (713) 479-2859

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices