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:

BBQ Tips and Tricks
Created by Goosey, last reply by Paul1977 on 11-Dec-2017 16:36 (19 replies)
Pages... 2


Vodafone and my terrible experience
Created by Rudster, last reply by Linux on 11-Dec-2017 15:02 (16 replies)
Pages... 2


OMG! Police Road Safety Acquires Functional Neurons!
Created by kryptonjohn, last reply by Rikkitic on 8-Dec-2017 12:51 (30 replies)
Pages... 2


MacBook Pro - Graphics card failure - consumer law
Created by am289, last reply by Lias on 11-Dec-2017 14:14 (13 replies)

New wrinkle on selling an effectively stolen phone
Created by DeepBlueSky, last reply by richms on 9-Dec-2017 07:53 (64 replies)
Pages... 3 4 5


External house painting
Created by JamesN, last reply by esawers on 8-Dec-2017 22:56 (12 replies)

Weber BBQ
Created by foxy38, last reply by jonathan18 on 11-Dec-2017 15:13 (22 replies)
Pages... 2


Car audio
Created by quickymart, last reply by richms on 11-Dec-2017 11:39 (22 replies)
Pages... 2