Speed the Wireless Payment
Susan Kuchinskas reports for Internetnews.com on Visa USA's announcement of Visa Contactless and the implications for RFID-based consumer payments.
"Credit card issuers will be the initial dominant wave of providing electronic credit cards for digital commerce," said Jorge Fernandes, chairman of ViVOtech. "In a second wave, a lot of retailers will leverage this technology to create a closer relationship with consumers. Digital credit cards will let consumes identify themselves to merchants and let merchants communicate with them."
Slashdot also picks up a discussion about Visa's announcement.
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