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i just called Chase to upgrade one of my credit cards and was asked if i wanted one of the new Blink enabled cards. apparently, there's a chip embedded so that you simply wave it in front of a device at check out inside of swiping. the card also swiped.
i told 'em to send me one of dem new-fangled thingies though taint made it to Georgia fer as i know. 8-)
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I'm sorry, I really do not understand the need for this kind of device.
We're so averse to physical exertion now that the mere swiping of a piece of plastic requires us to allow the financial cartel the ability to virtually reach into our wallets through the ether, without us lifting a finger?
Spare me the "convenience" and whatever other marketing nonsense they come up with.
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. . .I would think if your card is stolen or lost. . .it would make easier for thieves to use it at a physical store. . .
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I reject your reality and substitute my own!
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I'm anxious for a more secure version of RFID. I want to skip the checkout line altogether. Just walking through the door would read your ATM card, scan all of your groceriens and debit the correct amount. I'm sure that there will be some growing pains as there will be items that are not included in the scan, or pricing errors just like there currently are, but over all it should be faster.
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It seems like every credit card brand and possibly bank is inviting their own name for these contactless, wireless payment system. Expresspay is what Amex calls it, Mastercard calls it Paypass. What's even better is that they're all different implementations (not interoperable) of the same fundamental technology.
g=
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God, this is a scary thread. The willingness that some people have to compromise fundamental issues of privacy for a little convenience...yikes. It started with those damn "Club" cards at grocery stores, where shoppers happily surrender their personal shopping histories (the stores record everything you purchase) for minimal savings.