Friday, May 27, 2005

Next Generation of Credit Cards with RFID Technology

Some of the ideas which are presently floating in the RFID seem to be a take from some of the Sci-Fi movies Hollywood makes. As we are moving ahead with many innovations with the use of new Technologies, some of these fictions are being transformed into reality and can be used in our day-t0-day activities to lead a very hassle free life.

This story speaks about one of the successful use of RFID Technology in Banking sector. Here is an extract from the article "Chase Offers Contactless Cards in a Blink" on

"We're very focused on trying to figure out new opportunities for Chase customers to use their cards," says Rau. He explains that Chase conducted a pilot program in Orlando, Fla., in 2003 to develop the blink program. Chase also participated in a MasterCard PayPass pilot (see MasterCard to Test RFID Card). Rau claims that results from the blink pilot and other research shows that consumers consider contactless technology to be "simple, fast and convenient," and that "consumers enjoyed the added security from retaining possession of their cards while paying."



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