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:

Why does Lightbox have a suicide wish?
Created by dafman, last reply by Wade on 4-Mar-2015 21:45 (109 replies)
Pages... 6 7 8


Galaxy s6 announcement and owners thread
Created by Shoes2468, last reply by jeffnz on 5-Mar-2015 18:33 (102 replies)
Pages... 5 6 7


Considering Snap - do you rate them?
Created by gsmithnz, last reply by joker97 on 5-Mar-2015 16:57 (37 replies)
Pages... 2 3


Whats your USB charging solution?
Created by macuser, last reply by Journeyman on 4-Mar-2015 17:52 (37 replies)
Pages... 2 3


Privacy concerns on returning faulty microSDXC
Created by dpw, last reply by andrewbnz on 3-Mar-2015 22:41 (34 replies)
Pages... 2 3


In New Zealand: external tuner which can get EPG?
Created by kingdragonfly, last reply by freitasm on 5-Mar-2015 18:51 (16 replies)
Pages... 2


HTC One M9 (2015) Announcement and Discussion
Created by Dingbatt, last reply by Dingbatt on 3-Mar-2015 22:25 (48 replies)
Pages... 2 3 4


Recommendations for store bought gaming hard drive for $1500
Created by DebP, last reply by Dstarzero on 5-Mar-2015 18:57 (15 replies)