Wireless credit cards by JP Morgan

Contactless cards are going mainstream in USA. Sounds cool. In Japan, you can even pay for stuff with your mobile. And in Malaysia, there's also the Visa Wave cards where you just wave and pay.


| Visa made the technology available earlier this spring and today J. P. Morgan Chase announced that it will be one of the first issuers of the new credit cards under the nomenclature "blink." Morgan intends to issue "millions" according to a J. P. Morgan spokesperson.

While there is no ceiling on the dollar amount of a purchase you can make using a contactless card, purchases up to $25 do not even require a signature.

Perhaps in order to avoid interference with your wireless phone, your WiFi handheld and the wireless RFID chip in your sweater, the cards do require a buyer to be no more than four inches away from the wireless reader. |

Found at Infoworld.