October 27, 2005
Blink cards
J.P. Morgan Chase & Co. will introduce contactless credit cards, referred to as “blink”, in the New York and Philadelphia metropolitan areas. The cards employ an RFID chip and will be initially provided to two million customers in the New York metropolitan area and 900,000 customers in the Philadelphia metropolitan area. The cards will be accepted at 7-Eleven, AMC Theatres, CVS, Duane Reade, etc.
The blink cards can be used with Visa and MasterCard. The trials have drawn a positive response from users who approve of the security provided by not having to relinquish possession of the cards as there is no swiping involved. The time savings occur due to quick checkouts and reduced transaction times in a drive-thru environment.
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