Tuesday, March 25, 2014

Dr. Satwant Kaur Believes Credit Cards Will Soon be Obsolete

Hailed as the ‘first lady of emerging technologies,’ Dr. Kaur predicts significant advancements that will affect consumers and retailers alike.

Dr. Satwant Kaur gave the keynote address at the 2014 IT Expo in Miami in January, and it’s no wonder: her many awards and accolades show that her accomplishments in the field of technology are unparalleled. Though some of her ideas about our near future sound like something out of science fiction, her authority in these matters is unquestionable; truly, with the aid of technology humans will experience a truly fantastic future. Many of Dr. Kaur’s predictions concern the medical industry, or changes in our transit systems and habits; however, recently she has shared ideas that, should they come to fruition, will soon change our everyday lives as we know it.

Dr. Kaur believes that in the near future, credit cards will be totally obsolete. The magnetic strip is highly inconvenient for customers, most of whom carry smartphones. Why bother with insecure credit cards when digital wallet payments are an option? It’s true, credit cards are not necessarily the safest way to make purchases. For one, their authorization doesn’t specify the amount of the transaction, meaning that a customer can be charged twice by a merchant, whether accidentally or on purpose. Also, the card itself, or its information, can be easily stolen.

Encrpyted digital wallets are the way of the future, insists Dr. Kaur. These wallets will be accessible anywhere through secure smartphone apps, and will authorize payments for specific amounts. Retailers may make them easier to use by installing proximity sensors in checkout registers.

While change sometimes comes slowly, Dr. Kaur is confident that consumers will drive all businesses, no matter the size, to change over to these more advanced payment systems. Both customers and business partners will create the expectation that payments should be sent and received in a secure and convenient manner. Dr. Kaur believes that the advancements in digital wallets will allow all parties to spend and earn in a safer, easier manner.

Dr. Satwant Kaur


Dr. Satwant Kaur holds a Bachelors of Technology in electrical engineering from the Indian Institute of Technology in Delhi, India. She has an MS in engineering and computer science from Oakland University in Oakland, Michigan. She also has a PhD in enhanced Internet protocols for efficient mobile communication from Oakland University.

She has received many awards and accolades for her unparalleled accomplishments in technology, including: Intel’s 2009 Technology Innovation Award, Intel’s 2009 Outstanding Women Award, and IEEE EIT’s 2001 best paper award for her paper “Mobile IP and Implementation of Regional Registration”.

Dr. Satwant Kaur, First Lady of Emerging Technologies® in all communications including all electronic, broadcast, and print media formats. Dr. Satwant Kaur is not endorsed by any third-party affiliation, organization, or employer and all opinions are solely of Dr. Kaur's, and do not reflect the opinions and/or views of any third-party affiliation, organization, or employer. For further information, please refer to her web site www.satwantkaur.com. 

Dr. Satwant Kaur may be contacted at her email Satwant.Kaur@gmail.com."

For more information, please visit http://www.SatwantKaur.com.


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Jason Rutherford


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