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HSBC Trials NFC Payment Pilot

Article Comments  10  

Feb 1, 2007, 12:42 PM   by (staff)

In what appears to be the first large-scale trial in the U.S., more than 200 HSBC employees loaded their credit card information onto their mobile phones via ViVOtech's over-the-air process with the intent to test contactless payment systems through near field communications (NFC). The NFC equipped phones will allow the employees to make contactless payments at some 36,000 retail locations around the world served by MasterCard's PayPass program. For purchases of less than $25, customers can tap their phones to the PayPass reader and make instant payments that don't require a signature.

more info at ViVOtech »



This forum is closed.

This forum is closed.


Feb 2, 2007, 1:26 PM

You know what the next logical step is...

to put thumbprint readers on the phone so that they can be locked down when not in use... so that way your credit card information can't be accidentally used.
maybe in 2008... this is good enough for 2007... lets not get ahead of ourselves and jump into something we'll regret...

Feb 1, 2007, 1:12 PM


It will never catch on... nice thought though.
Future said:
It will never catch on... nice thought though.


This might catch on better than you think.

Feb 1, 2007, 2:17 PM


So does this mean if someone was to lose their phone anyone could just tap away and use their money. This seems very dangerous to me. I would never have my credit card information on my phone.
Another thing...why do people have such a problem with having to show their id in order to use a cc or check. It is really meant for their protection. It's scary to know how easy it is to steal someones money. I hope this never happens to me.
Just as dangerous if you lose your actual credit card. First people would have to know you phone is your card to use it if you lost it, then, even if they did, you still would have every right to contest charges with your credit card company, the sam...

Feb 1, 2007, 4:27 PM

DIY Contactless Phone Payment...

American Express offers the ExpressPay keychain RFID credit card (both for charge card and prepaid). The key fob is less than an 1/8" thick and about 2" inches long. The precise size to fit behind any battery door on a cell phone.

Then take that down to your local 7-11 and impress everyone at the register! Smile
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