"Wave-and-pay" system headed to Canada
[Image courtesy of USATech]
Filed under: Misc
[Image courtesy of USATech]
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Reader Comments (Page 1 of 1)
oshawapilot @ Nov 7th 2007 9:33PM
A great idea, but as a Canadian I've seen several systems like it come and go.
Mondex existed a decade ago and was a stelar system - you could load it up at a bank machine, or even at a payphone via the payphones built in card reader.
More recently, Bell Canada has a system in play called Dexit - unfortunately based on personal experience, the terminals at the retailers rarely work..if you actually find a retailer that supports it to begin with.
This system seems doomed to fail as well since it limited to supported cellphones.
Really, give us a keyfob or a chip embedded card...and then actually get retailers and banks onboard, and it'll work.
Donald @ Nov 7th 2007 10:04PM
Oh lord, is that a Nokia 3220 in the shot?
athousandleaves @ Nov 8th 2007 3:15AM
yep
Benjamin @ Nov 7th 2007 10:30PM
well I'd be pretty psyched to see this roll out. Imagine if they were able to embed this into a RAZR? An instant 20% or more of the population would be card carriers, which is definitely enough to cause retailers to fork over the money to buy a new machine to take advantage of the NFC technology.
Man I miss living in Hong Kong where this type of tech was so common!
I do specifically shop as much as I can at my local CVS just because they've got AMEX Expresspay, which is basically the same thing. But I'd really like to not have to carry around even a credit card.
Deluxe @ Nov 7th 2007 11:16PM
After living in Japan for sevearl years and using my phone to pay for prettymuch everything (including transport, food, entertainment and anything else you can imagine) I can only be excited that this might finally be coming to the west! It's about time one of the carriers has the balls to do something new.
HappyPanda @ Nov 8th 2007 2:43AM
In Belgium they use "Proton", a chip embedded on you regular bank card. You can charge it on any cash dispenser and is the equivalent of cash money.
At first special terminals for using it were necessary but now they have been integrated in the "normal" credit/debet card terminals. They can be charged with a maximum of 125 EUR to reduce the financial risk of losing a card since no pin, ID or signature is asked when you use it.
athousandleaves @ Nov 8th 2007 3:16AM
If this is RFID or just as easily exploitable I wouldn't touch it.
Derek @ Nov 8th 2007 10:12AM
Between Interac, PayPass and all the independent KeyFOB payment methods out there (like the ones for Shell and Esso), I think this is pretty pointless. Hell, just the other day I used my MasterCard at Starbucks and they didn't ask me for a signature since it was so cheap. It doesn't really get much faster than that.
This will fail, and I'm fine with that. Interac and the banks are already introduce chip-and-pin cards that are supposed to increase the security of debit systems and, well, it would make a lot more sense for Interac to introduce a KeyFOB for use instead of the credit card companies up here.
Cody @ Dec 26th 2007 3:10AM
With Tim Hortons just introducing PayPass in its stores a few months ago, it would be funny if they incorporated that now.