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High Tech News

Technology Finding New Ways to Pay

Wednesday, June 22, 2005 7:40:53 PM
By CATHERINE TSAI

A sample credit card with "blink" technology is swiped across a reader at a fast food restaurant to pay for a meal in east Denver on Wednesday, June 22, 2005. The "blink" cards allow customers to keep hold of their cards while paying and are at the crest of the next wave of technology involving credit cards. (AP Photo/David Zalubowski)DENVER (AP) - Quicker. More secure. More fun. Stores, credit card companies and banks are giving consumers new ways to pay in the latest evolution of cashless payments.

Chase Bank recently rolled out credit cards with "blink" technology that lets users wave their cards near a computer reader instead of having to swipe them through a device. Cards never leave customers' hands.

Visa, MasterCard and American Express all have been exploring so-called contactless technology, whether with cards or keychain fobs. And companies using biometrics like BioPay and Pay By Touch are signing up customers who want to use their fingerprints to access checking accounts.


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