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Ironclad SaaS Security for Cloud-Forward Enterprises

Ironclad SaaS Security for Cloud-Forward Enterprises

The 2015 Anthem data breach was the result of...

The Key Benefits of Using Social Media for Business

The Key Benefits of Using Social Media for Business

Worldwide, there are more than 2.6 billion social media...

Gartner IT Sourcing, Procurement, Vendor and Asset Management Summit 2018, September 5 – 7, in Orlando, FL

Gartner IT Sourcing, Procurement, Vendor and Asset Management Summit 2018, September 5 – 7, in Orlando, FL

Register with code GARTITB and save $350 off the...

Infographic: The Three Pillars of Digital Identity: Trust, Consent, Knowledge

Infographic: The Three Pillars of Digital Identity: Trust, Consent, Knowledge

8,434 adults were surveyed to gauge consumer awareness of...

FICO Scales with Oracle Cloud

FICO Scales with Oracle Cloud

Doug Clare, Vice President at FICO, describes how Oracle...

Beware Trading Privacy for Convenience

June 11, 2013 No Comments

We pay for things with the swipe of a finger. We ask Siri how to get to a restaurant. Our friends can track exactly when we’ll show up. We can monitor our heart rates and calories burned — and compare our results with friends and strangers. We’re in the early days of a digital, mobile transformation. The benefits can seem limitless. And as a society, we are already becoming accustomed to the convenience, the connectivity, and the new insights that surface.

This democratization of technology impacts all races, incomes, cultures, and geographies. For example, the Supplemental Nutrition Assistance Program in the U.S. now distributes all its benefits — what used to be called food stamps — electronically via Electronic Benefit Transfer debit cards. These can be used like any other debit card for food purchases at grocery stores, local farmers markets, and some restaurants. Benefit recipients do not need to have a bank or deposit account. The cost savings are huge, with the federal government spending $200 million less on paperwork and administration. It’s also more convenient for beneficiaries than carrying around a stack of actual food stamps.

We also see savings and other benefits as tollbooths go away and electronic payments take charge. Just recently, San Francisco’s Golden Gate Bridge got rid of all its toll collectors. In Texas, the six toll roads around Austin have also stopped taking cash. Drivers using the TxTag can whiz through the 52 toll points and 45 ramp toll plazas, and the state will save an estimated $8.5 million each year.

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