Ireland is launching a new era of electronic micro-payments in its shops with contactless card payment options becoming available to the public. These contactless debit cards can be used to buy small purchases such as milk or a newspaper.
Contactless Technology Tagged ID News
A contactless fare collection system could be implemented in NYC in as little as two years. The city currently uses magnetic swipe cards that would be replaced in favor of either a contactless card or fob-like-key that would be waved in front of a reader to gain access toe subways and buses
With the increasing popularity of contactless cards as methods of payment, an IT consultancy director is predicting that the current chip and pin debit cards system may be wiped out by contactless technology.
Visa’s contactless cards are not longer being accepted by Best Buy, due to the high fees associated with its usage. Even after months of receiving threats from Best Buy, Visa insists chains accept a more expensive signature authorization as opposed to the more retail-friendly PIN.
A contactless fare collection system is being employed by an UA emirate to prevent customers from complaining of not receving proper change in return for buying a bus ticket. The contactless system will work via pre-loaded e-payment smart cards that will be swiped in front of a contactless reader when a customer uses the transit system.
Contactless payment technology such as smart cards or cell phone payments are being favoured by the UK, which hopes to phase out all paper cheques by the year 2018.
Smartcard technology will meet an environmentally-friendly initiative in London when 431 public bicycle stations open next year. The smart cards will be used to unlock bikes by people who have subscribed to the system, in order to promote an eco-friendly way of travel
After a delay, London’s smartcard system for transit is finally being integrated with its suburban overland rail network. The city’s Oyster card, a contactless card, is passed over electronic readers when riders enter and leave the transport system.
Contactless technology is getting a scientific boost with a contactless payment sticker that has the full functionality of a credit or debit card. The pay sticker is attached to a cell phone and can be used to pay bills at contactless cash terminals or ticket machines.
A contactless card that emits light has been created. The smart card is comprised of a translucent plastic core, antenna and illuminating light apparatus. The light emitted when the card is placed in front of a contactless reader, lets users know when a transaction is taking place.