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New Payment Technologies

New payment technologies make spending safer and easier.

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This story appears in the July 2006 issue of Entrepreneur. Subscribe »

Cash and checks are starting to look like ghosts of payments past.

Credit and debit cards are the popular ways to pay right now, but some new technologies are showing up to the party, both offline and online. In one of the more interesting developments, Pay By Touchhas had success in rolling out a biometric system that lets customers pay with a swipe of their finger. And PayPalrecently introduced PayPal Mobile, which lets users send and receive money via cell phone text messaging and is already being used by MTV, the NBA Store and other for-profit and nonprofit companies.

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