Mentges and Brilliant are both wrong !! The article in Business Week shows using fingerprinting for check id only and check is then cashed by a person. Nothing new here, many banks have required fingerprints on checks for non-bank customers. Key to Mr. Payroll machine is elimination of high cost labor and need for a person. No other machine now does this !!!!! Mr. Payroll can use any id process it feels is the best. Retina scanning is very expensive and no commercial use yet. Customers for Mr. Payroll in many cases do not have bank accounts(estimated that 25 % or more of population). Government recently gave up on forcing electronic payments for government transfers, too many people did not have bank accounts. The tech people are not Mr. Payroll customers and that customer base is growing 2X as fast as the so called tech group. Machine will prove its worth next year !!! Brillian is wrong, machine has not been around 2 years, first tested in June of last year !!! All new things have the skeptics and take longer to evolve than most people think !! No one will buy pawn merchandise on Internet !!! figure it out, can't judge its value !!!! The one company claiming to do it is not, a big promote job !!!!! Stay tuned , Mr. Payroll machine is alive and well!!! Value is cutting cost of cashing checks by banks and others !!!
Show me an ROI projection for a machine that costs $30,000+ and gets you 1% to 3% return with an average check value of < 200$ and an average volume of 100 checks a day over a five year plan! And don't spout any growth rhetoric, because until there is an established growth pattern [and even then] it's all just hot air. By all means though, don't take my word as gospel, buy as many shares of PWN as you can! Maybe you can single-handedly take it out of the cellar(seller). :)
Agree that that check cashing machines can save labor costs, but the camera based software is too costly and time consuming - a fingerprint scanner (see Business Week) can be attached to ATM's, Checkcashing Machines, etc. What I am saying is that the software out there now, and in the pipeline will leapfrog the Mr. Payroll machine technology. The machine may not be dead, but a drastic rework will be needed. Living in the Silicon Valley, I have seen this happen often - great product, but short life-span.
What happens if the fingerprint can't be read or the software makes a mistake? Can a person analyze the fingerprint like they can the picture? Also, the value of the machine is not the biometric used but rather the back-end solution and assumption of risk. C-ya.