Friday, May 20, 2005

Wave and Pay With a Wireless Credit Card

A new payment system unveiled by Chase Bank allows users to pay for goods and services with just a blink of their plastic credit card. Embedded with an RFID chip, users simply just wave their card at the cash register and the terminal reads the data to process the payment. In effect, Chase says this will consumers happier because the checkout process will go much faster at a rate between 30 and 40 percent.

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