Citibank Releases RFID Credit Cards

July 1, 2006
By admin

citibank.jpg“Citibank is starting to release credit cards that use the radio technology. The MasterCard PayPass looks like a ordinary keychain, but the embedded RFID chip replaces the traditional magnetic strip found on regular credit cards. Once waved in front of a PayPass reader, the user’s credit card is automatically charged. Considering such readers aren’t very common yet, the RFID credit card is still some time away from replacing your precious piece of plast”….<More>

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