This is all about new ideas and innovation. Entrepreneurship is all about new ideas and innovation. There could be no entrepreneurship unless the entrepreneur thinks out of the box, is creative, and constantly thinks of making his product, his market, his processes, his business model new. It is all about being better than before and the competition. It is all about preparing for the future. Maintaining status quo means death the end of the enterprise.
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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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