There's only one reason that ADS executives think we'll submit to this: They're insane. But serious. They insist that this technological leap is needed because many people lose their credit cards. "VeriPay solves that problem," says a corporate PR flak, cheerfully noting that ADS's chip "is sub-dermal and very difficult to lose. You don't leave it sitting in the backseat of a taxi."
Sub-dermal or not, your ID number still can be stolen by a thief who rigs up a device to intercept your radio-transmitted number, then plays it back later to your ATM machine.
If your number is stolen, or if you simply switch credit-card companies or banks, what are you to do? No problem, says the PR guy: "If you don't want it anymore. . .you can go to a doctor and have it removed. I call it an opt-out feature," he said gaily. Swell, instead of simply calling your credit card company to cancel your card, you'd have to call a surgeon. This is progress?