Radio feeds the end of credit cards could hit any fly
For more than a year, Master Card and American Express have been testing “contactless” versions of their credit cards. The cards should only be held near a special reader to go to a sale: - if the consumer is always a receipt.
The card companies indicate that the system is much faster and safer because the card leaves a score by hand.
“In some cases it is faster than cash,” said Betsy Foran-Owens, Vice President MasterCard. “You are touching, the elimination of factors.”
MasterCard PayPass has tested its system, particularly in Orlando, Florida, and promises a Roll-Out Federal in 2004, starting first quick service, restaurants and other places where people are generally a hurry.
American Express has been in the forefront, the pilot turns his Pay-Express service in the Phoenix area, while the company has expanded to New York ferry terminal on the Hudson River this week.
The new credit cards work the same speed as the passport system, Exxon Mobil has fast payments to its service stations since 1997. But the keychain fobs, speed changes from “6 million users are well on Exxon Mobil stations and a handful of other outlets.
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