Swing-Pay: One Card Meets All User Payment and Identity Needs A digital card module that uses NFC and biometric authentication for peer-to-peer payment and identity

Advancement in payment technologies has an important impact on one's quality of life. Emerging payment technologies create both opportunities and challenges for the future. Being a quick and convenient process, contactless payment gained momentum, especially with merchants, with throughput being the main parameter. However, it poses risks to issuers, as no robust customer verification method is available. Thus, efforts have been underway to evolve and sustain a well-organized, efficient, reliable, and secure unified payment system, which may contribute to the smooth functioning of the market by eliminating obstacles in business. © 2012 IEEE.