U.S. Bank has announced
that it is "the first card issuer in the United States to pilot an innovative new product that allows cardholders to use a single card for traditional magnetic stripe purchases, Visa payWave transactions and to gain access to secure facilities. U.S. Bank is currently piloting the program with employees in Minneapolis. Those involved in the pilot can make purchases and enter their secure work location using a U.S. Bank AccelaPay Visa Card
, a prepaid payroll account. The cards contain the MicroPass 4006 platform consisting of two applications: the Visa payWave application, which allows for contactless payment at the point of sale, and the HID iCLASS application, which allows for contactless access to secure facilities at U.S. Bank."
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