While touting speed and convenience for credit card users, JP Morgan Chase & Co.’s Chase Bank is also causing some concern among security experts with its “blink” technology announced this week, which will allow contactless credit card purchases with the consumer’s wave of the card at convenience stores and other establishments. Chase said its Visa and MasterCard credit cards would be rolled out this summer, with early adoption by Sheetz and 7-Eleven stores and thousands more businesses, including movie theaters and fast-food restaurants, by the end of the year.
Another thought about these contactless Credit Cards, is if you have more than one, how will the Cashier know which one to use, or how will you know which one is being used?
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Chase Bank Rolls Out Contactless Credit Cards
Posted by: Jay Lyman May 19, 2005 01:32 PMWhile touting speed and convenience for credit card users, JP Morgan Chase & Co.’s Chase Bank is also causing some concern among security experts with its “blink” technology announced this week, which will allow contactless credit card purchases with the consumer’s wave of the card at convenience stores and other establishments. Chase said its Visa and MasterCard credit cards would be rolled out this summer, with early adoption by Sheetz and 7-Eleven stores and thousands more businesses, including movie theaters and fast-food restaurants, by the end of the year.