How nice would it be to zip to the local market and whip out your automobile key to pay for your purchases? Or, use the same key along with a cell phone to locate your car that you parked a few hours ago in that massive shopping mall parking lot? Automaker BMW is proving that these and other great conveniences can elevate the car key to new heights – perhaps a new payment industry buzzword is emerging … top of pocket.
Keyless entry, based on long-range RFID, has been around for many years, but BMW is taking that keyless entry fob to what some think is its next logical step, the key as a payment mechanism.
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