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October 11, 2015 07:00 pm GMT
In the early 1960s, Scottish engineer James Goodfellow was given a problem to solve. A colleague had invented a way to insert a card into a machine and get money out. Goodfellow’s task was to figure out a way to ensure that only the card’s legitimate owner could use these new “ATM” machines to obtain cash. So he created the personal identification number, what we call… Read More
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/9v6J0w1ATbU/
The Payments World Really Wants To Know Who You Are
In the early 1960s, Scottish engineer James Goodfellow was given a problem to solve. A colleague had invented a way to insert a card into a machine and get money out. Goodfellow’s task was to figure out a way to ensure that only the card’s legitimate owner could use these new “ATM” machines to obtain cash. So he created the personal identification number, what we call… Read MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/9v6J0w1ATbU/
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