Instead of paying for goods and services with cash or credit cards, customers could soon be paying with a wave of the hand as the latest wireless payment system from American Express (AMEX) continues to expand.
The ExpressPay wireless payment system ( www.americanexpress.com/expresspay) uses radio frequency identification chip technology from Texas Instruments (TI) embedded in a keyfob. Customers simply wave the keyfob in front of a special POS reader to make a virtually instant payment transaction. The result is greater throughput for retailers and happier customers who appreciate speedier transactions and shorter checkout queues - plus the added benefit of not having to find cash or fumble for credit cards. It is just a case of wave and go.
With the new ExpressPay system, typical payment transactions average just 8,9 seconds, says TI - about 28% faster than cash and 42% faster than credit card transactions.
In just a few months the initial launch programme that began with 175 retail and service locations has doubled to more than 350 outlets in and around Phoenix in Texas. In addition, says AMEX, thousands of customers have signed up to take advantage of the program by registering their bank details, etc, so that payments are automatically charged to their chosen account giving them the freedom to shop without cards or cash. Similar programmes are also underway by American Express in Singapore, involving some 2000 current American Express card members.
For more information contact Les Bidgood, Arrow Altech Distribution, 011 923 9600, [email protected]
Read more...Wi-Fi 6 and Bluetooth LE co-processor Altron Arrow
Telecoms, Datacoms, Wireless, IoT
STMicroelectronics has released its ST67W611M1, a low-power Wi-Fi 6 and Bluetooth LE combo co-processor module.
Read more...Anritsu and Bluetest to support OTA measurement
News
Anritsu Company and Sweden-based Bluetest AB have jointly developed an Over-The-Air measurement solution to evaluate the performance of 5G IoT devices compliant with the RedCap specification.
Read more...New president for Avnet EMEA
News
Avnet has announced that Avnet Silica’s president, Gilles Beltran, will step into the role of president of Avnet EMEA.
Read more...DARPA sets new record for wireless power beaming
News
In tests performed in New Mexico, the Persistent Optical Wireless Energy Relay program team recorded over 800 W of power delivered for about 30 seconds with a laser beam crossing 8,6 kilometres.
While every effort has been made to ensure the accuracy of the information contained herein, the publisher and its agents cannot be held responsible for any errors contained, or any loss incurred as a result. Articles published do not necessarily reflect the views of the publishers. The editor reserves the right to alter or cut copy. Articles submitted are deemed to have been cleared for publication. Advertisements and company contact details are published as provided by the advertiser. Technews Publishing (Pty) Ltd cannot be held responsible for the accuracy or veracity of supplied material.
printer friendly version