Geekzone: technology news, blogs, forums
Guest
Welcome Guest.
You haven't logged in yet. If you don't have an account you can register now.

Visa unveils Visa Micro Tag contactless payment device
Posted on 27-Sep-2007 09:19. | Tags Filed under: News.


Visa unveils Visa Micro Tag contactless payment device
Visa is making available the Visa Micro Tag, a new key fob payment device embedded with Visa payWave, the company's contactless technology feature. The Visa Micro Tag is designed to easily attach to a key ring, and allows cardholders to pay by simply waving their Visa Micro Tag in front of a contactless payment terminal without the need to physically swipe or insert the device into a point-of-sale terminal.

The Visa Micro Tag allows financial institutions to offer cardholders a companion device to an existing credit, debit or prepaid account.

Customers with Visa payWave cards in the U.S. have the option of not having to sign for payments under US$25, a feature that also benefits merchant locations where speed is important and where cash has been the traditional means of payment. The technology is already in use at convenience stores, sporting venues, gas stations and fast food restaurants nationwide.

Visa says payWave-enabled products receive the same security protections other Visa products offer, plus the additional layers of security because the payment device never leaves the customer’s hand, can only be read at extremely close proximity to a reader, and submits a unique digital watermark to the Visa payment network for each transaction.

Visa Micro Tags display the Visa Brand Mark and contactless indicator. A Visa account number is not required to be embossed or printed on the device, providing an additional layer of security for consumers carrying a Visa Micro Tag in visible ways, such as on a keychain.

“Consumers today are interested in using electronic forms of payment for small ticket purchases,” said Pam Zuercher, vice president, product innovation and coordination, Visa USA. “As one of the smallest payment devices, the Visa Micro Tag allows cardholders to carry a payment device that delivers fast and convenient transactions, while also providing an added layer of security.”

Visa Micro Tags can be easily manufactured and personalized as part of an automated manufacturing process similar to that of standard cards. This helps issuers control costs while providing a new payment choice to Visa cardholders. The Visa Micro Tag can also be made into a variety of shapes and sizes from flat to three-dimensional.

Some of these new devices loaded with $15 will be distributed to the first 1,000 San Francisco Giants fans entering AT&T Park’s Field Club level 26 September Visa will distribute the new Visa Micro Tags and educate users on how the device works and encourage trial at concession stands located throughout the stadium.



comments powered by Disqus


Trending now »

Hot discussions in our forums right now:

Netflix officialy launching in NZ in March
Created by jarj, last reply by tdgeek on 21-Nov-2014 19:08 (97 replies)
Pages... 5 6 7


Gull Employment Dispute.
Created by networkn, last reply by richms on 23-Nov-2014 23:05 (71 replies)
Pages... 3 4 5


Which one is right for me? M8, Z3, S5 or other?
Created by makiomoto, last reply by makiomoto on 20-Nov-2014 13:52 (40 replies)
Pages... 2 3


Free 1gb data with $19 combo until end of Jan 2015 (1.5gb total)
Created by eXDee, last reply by Shoes2468 on 23-Nov-2014 23:01 (16 replies)
Pages... 2


Slingshot line speed
Created by Frankiej45, last reply by Frankiej45 on 20-Nov-2014 14:38 (14 replies)

Little Wins labour Leadership
Created by MikeAqua, last reply by Aredwood on 21-Nov-2014 18:47 (53 replies)
Pages... 2 3 4


Orcon: Why did you cancel my email account without telling me??
Created by old3eyes, last reply by old3eyes on 21-Nov-2014 17:03 (13 replies)

My connection is too fast
Created by ckc, last reply by Geektastic on 20-Nov-2014 11:30 (25 replies)
Pages... 2