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12 - WATERUX) CHRONICLE - Wednesday, December 31, 2014 Imagn' Ill. lg a (338111988 society Credit experts warn against making debit or credit transactions too easy Bvlmm lAcxsoN ( 5h follicle Sta/7 x magine a world where you can pay for Iyour new outfit using a retina scanner connected to your bank account. or driving an Internetâ€"enabled car that auto- matically pays for your gas after you've filled the rank. A national study released recently by Pay- Pal Canada suggests Canadians are embrac- ing new cashless technologies that take a lot of the thought out of paying for goods and . services More than a third of Canadians (35 per centl would use an Internetâ€"enabled car to pay for gas. and onevin~five l22 per cent) would support the expanded use of retina st armers or farm] recognition software to make transactions quicker and eaSier‘ Another 45 per cent said they'd support making mobile payments V121 wearable tl(‘\'l( (is locally tnobile payment and lllldllt'lal services tompany Square , founded in 3001; by lw1tter cot reator lack Dorsey along With Jim McKert-y is helping to develop that future lhe company has already created techâ€" iml'tio‘lhalturnssmaflphflm’smu’cft’d'm' 11- i -3---;.rii,:'5.'E:'::'EE§ESE£:'::E§:£:..:;:Ef§.£55§£5£3§3555 . . ,;:Z,'E;‘,;'£:;3§_':f:gq,,'::';';' (lt‘hllt‘ardrvddt‘rsandtheyvedevelorx-dan .'::IZ:;:I.LI.................................................. .r . l.. app for il‘ads that ran iranslorm the tablet lack Dorsey, (curator of Square and Twitter, talked about the future of electronic payments at the University ofWaterloo. A recent national into it point ol salt' terminal at almost any study suggests Canadians are embracing cashless technologies that take the thought out of paying for goods and services, users Auto-chem retail store While Square (let lined an interview for Known as Square Waller the program “(hit concern is that it‘s almost too easy," card debt. Schwartz Said. this sum Horsey (lest nhed his VISION for the never really took off with consumers and said Schwart7 in an interwew with the He is also worried about the increased future (ll electronit payments when he was was replaced by another program. Square Lhromcle. “llyou go back to the days oftak- potential for fraud as shoppers move away in Waterloo last September tlrder, earlier this year The programs are mg cash out of your walletr there's a real from cash and debit and towards digital payâ€" “We want an experiente where I can walk yery similar' however and Square Order sense of loss and it provides a break and merits into a coffee store. enjoy my cappuccino and allows you to order ahead and skip the line some time for you to reflect on your purâ€" In other words. the added convenience walk out and wonder if I paid or not," said at your favourite (are or restaurant lt's chase." could beadouble-edged sword. Horsey during a talk It the University of already been launched in San l'rancisco and Household debt in (anada rose to It‘d-1 Simple strategies to ensure you stay on Waterloo. later that day, Dorsey revealed New York per cent as a proportion of disposable track include linking your devices to your Kitchener would be home to 3 Square (level While customers were lukewarm to income in the second quarter ol'this year, up debit account rather than credit card to opment office Square Wallet when it launched. some finan from l62.l per cent in the first quaner, rais» avotd racking up high~iriterat debt. and to "A; I'm walking up ”he coflee shopl gets rial experts are downnght nervous about the mg concerns that Canadians may be taking be aware of any impulse buys and the possi a notification on the register With a picture new technology. fearing these new pay on more debt than they can afford. bility of fraudsters gaining access to your of my face. and my name and my most likely merits methods may he taking too mur h It transactions are quicker and easier accounts bychecking your transaction activ- order,‘ he said 'l didn't have to take my thought out of (be purchasing process than ever â€"â€" or. as described by Dorsey, can try on a regular basis, phone out at all. I didn't have to take my according to lelT Schwartz. executive diret be made Without you even being aware of it “At the end of the day. the consumer has wallet out or do anything mechanical, l rust tor of (onsoltdated (Imlit tourist-ling Sery ~ payments can add up qiiicklyand deplete to take responsibility for their actions." said paid with my presence." ices oflanada your chequing account or add to your credit Schwartz _. __, (HF: llll gs WARM _ The Waterloo Chronicle can he picked up at the lollowlog gym-33.1“... i s' i ‘l “a“ » '-?" -- .â€"- s _ a; a ' g,- Chapters Bookstore 425 King St N Waterbo Adult Contre 185 King St South - : on ,. ‘S - z- - ' > a,__ ”fâ€" WordsworthBOOkoIOOKiogStS “WWW” ' r; â€"_ , __ â€"m - 1â€"- _ “fl?“ ‘ as The 74, 256 Km St N Unique Shoppotto 41 King St N ’ I ; 5; ' ' "‘ fl f .;y~‘. is : ._ .,..V ,/" F Quick Trip VM 347 Etta St W Vlnoonzoo 150 Caroline St S “was", 7 afi$§ if; ' ~ , . fi fitm ’ “its?“