Contactless Smart Cards, RFID, Payment, Transit and Security

Chase unveils Chicago Bears contactless debit card

Thursday, October 30, 2008

Chase, the consumer and commercial banking brand of JPMorgan Chase & Company, has teamed up with MasterCard Worldwide and the Chicago Bears to introducing the Chicago Bears Debit MasterCard. New and existing Chase personal checking customers in Illinois are eligible for the new card.

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Superdrug, one of Britain’s largest beauty and health retailers, has introduced contactless payment for its in-store customers, according to Retail Gazette.

Created by Streamline and Visa Europe, the contactless system will enable customers to make payments of up to £15 (approx. USD $23) by simply waving their contactless bank card at the more than 50 participating Superdrug stores in London and Liverpool.

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Proxama has announced a partnership with semiconductor supplier ARM Holdings to create secure payment mechanisms for mobile handsets.

The UK-based partners say they will combine ARM’s TrustZone technology with Proxama’s Mobile Wallet to develop a “highly secure” environment for NFC-enabled mobile contactless payments and mobile internet payments.

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The Chicago Transit Authority is moving ahead with an open-fare transit system after the Chicago Transit Board approved an agreement to implement the new system from Cubic Transportation Systems for $454 million.

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A new survey from Euro Kartensysteme shows that Germans are starting to embrace the idea of contactless and NFC payments.

Out of 1,040 Germans aged 18-59, 43% responded that they would like to make contactless payments if given the opportunity, of which 58% percent would make their payments with a debit card card, 41% with a credit card and 50% with an NFC phone.

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Visa has announced that more than 1 million EMV chip-enabled cards have been issued by U.S. financial institutions as of December 31, 2011.

Just 18 months ago there were no Visa-branded EMV chip cards issued in the U.S. according to Visa’s Stephanie Ericksen, who attributes the sudden growth to U.S. issuers accepting Visa’s EMV and mobile payments road map.

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Kraft has rolled out vending machines in Chicago and New York that give out free pudding samples to adults. The machines estimate the age of the individual by using facial recognition technology, according to a report in the Daily Mail.

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