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Tuesday, October 29, 2013

New payWave technology from Citibank

 


We just learned yesterday that payWave technology is now being used by Citibank in the PHL  and such application was featured in the Business Life Section  of Philstar October 28, 2013

The credit card never leaves the hands of the owner of the card.  It thus finds usefulness in grocery purchases. All you have to do is wave and tap the credit card at the terminal. How about for restaurants and gas stations (where the crime vs credit cards are more rampant)?  Will they use wifi enabled terminals?

What does this use?  Proximity sensor?

We need more of this application for the train stations. So that those who are regular commuters can just wave and tap the load.  Can you use the cellphone (smartphone for this)?  (I think yes based on the Google image above)

                                     
                                                  

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