"However, before cash, cheques and credit cards will fade out completely, they have to develop an identification system that is absolutely foolproof and will insure that a person presenting a card for a transaction, is actually the owner of that card."."
" "Various foolproof ID systems have already been developed like this fingerprint reader. However the only problem with these machines is that they are extremely expensive. For a completely cashless society to work there would have to be one at every little shop and retail outfit where anything is bought and sold."
" Where I see it, identification terminals cost many thousands of dollars each, the little microchip embedded in the plastic smartcard cost only a few dollars each. So, what if you took the chip out of the card and placed it under the skin? And once the chip has been implanted it could be read by an inexpensive scanner much like the one at your local grocery store. So you now become your own smartcard. And the very expensive problem making sure that the owner of the card is who he says he is, has been solved."
In the US, the Department of Health and Human Services says that full scale implantations of the new microdot identification project is already under way in Washington DC and several other test cities. These tiny computerchips no larger than the head of a pin cost less than 25 cents each and are injected a quarter inch under the skin. They are activated by a small handheld scanner and provide reliable identification of the person into whom it was implanted."