Simple as a Wave

This article examines the increasing use of wave and pay systems, contactless payment systems that allow commuters to use debit and credit cards, smartphones, key fobs, smartcards and other devices that use radio frequency identification (RFID) to make secure payments. A pilot program was introduced in Los Angeles, California to allow mass transit users to pay transit fares and purchase fare products. Later, Transport for London introduced a contactless payment systems for its bus lines using wave and pay technology. The parking industry is a leader in the implementation of wave and pay contactless credit card technology, with drivers having the capability to pay to park by waving credit or debit cards at parking meters. The article discusses the popularity of this technology among retailers as well as challenges to its implementation, including reticence on the part of some banks and security issues.

Language

  • English

Media Info

Subject/Index Terms

Filing Info

  • Accession Number: 01526228
  • Record Type: Publication
  • Files: TRIS
  • Created Date: Apr 6 2014 7:50PM