ContactlessPayment
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"Wave-and-pay" system headed to Canada
Oh, Canada! If all goes to plan, you Canucks up north will soon be able to take advantage of technology that is already in use in many corners of the globe. Reportedly, the Royal Bank of Canada and Visa Canada will be teaming up to launch a pilot program that enables users to purchase goods by just waving their cellphone in front of a reader. The handsets will sport an embedded microchip to pass along payment information, and similar to PayPass setups, it'll require no pin / password / signature for transactions under $25. Anne Koski, head of payment innovations at Royal Bank's cards division, noted that it was still too early to say which mobiles would eventually feature the built-in technology, but hopefully we'll be finding out sooner rather than (even) later.[Image courtesy of USATech]
SanDisk and Philips team for mobile payments
Philips has been peddling its SmartMX contactless payment system for a while, but things are really looking up now that SanDisk wants to get in the game. They're now working with Philips to include the SmartMX tech in their TrustedFlash microSD cards, allowing any phone with a microSD slot to make payments. The details are a bit slim, but it looks like you would have to buy TrustedFlash cards loaded with "credits" in order to make payments, which frankly doesn't sound like much of a step towards convenience for consumers, but rather a boon to SanDisk and Philips who will no doubt be taking a cut. However it works out, the industry is clearly marching towards contactless and phone-based payments, let's just hope it works out as an actual plus for the people who are carrying around the phones and making the contactless payments.[Via Gadget Review]
