Dee Ann Kuhn reports for Contactless News on Chase's blink card rollout.

By marketing its new payment vehicle “blink,” Chase hopes to differentiate the card’s brand name (blink) from the contactless chip technology (PayPass) and method of payment symbols (Visa and MasterCard) at the point of sale. “Blink refers to what the card does. PayPass refers to where to use it,” explains Tom O’Donnell, senior vice president, Chase Card Services.

QueueCard, a Palo Alto-based credit card authentication solution provider, announced today that it has closed a $7 million Series A Preferred Stock financing. The financing was led by Allegis Capital and Worldview Technology Partners. Jean-Louis Gasse, a Partner at Allegis Capital and Peter Goettner, a Partner at Worldview Technology Partners, have joined QueueCard’s Board of Directors.

The proceeds from the financing, which also include a strategic investment by Société Générale, will be used to complete development of QueueCard’s patent pending credit card security and authentication solutions and support initial customer programs.

Dan Richman writes for the Seattle Post-Intelligencer about the deployment of more than 400 terminals supporting MasterCard's PayPass contactless technology at Seattle's Qwest Field.

If it seems like yet another newfangled way to risk high-tech theft, the experts say don't worry. Fans were taking no financial risk by beaming their account information through a few inches of air, rather than swiping a card conventionally or handing it to a clerk. At most, they said, thieves determined and sophisticated enough to intercept the wireless transmissions might be able to discover a cardholder's name.

A paper on second generation micropayment systems (PDF) has been published by R. Párhonyi, L.J.M. Nieuwenhuis, and A. Pras of the University of Twente in the Netherlands.

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