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]
Converter power modules for 48 V networks Altron Arrow
Power Electronics / Power Management
The economic and quality-of-life benefits of electrification is driving the adoption of HV to 48 V DC-DC conversion across many markets with 48 V power modules becoming more common.
Read more...Memory for asset tracking Altron Arrow
DSP, Micros & Memory
The Page EEPROM, ST’s latest memory, has been designed for efficient datalogging and fast firmware upload/download in battery-operated devices.
Read more...Electronic News Digest
News
A brief synopsis of current global news relating to the electronic engineering fields with regards to company finances, general company news, and engineering technologies.
Read more...4000 A containerised DB for power project
News
Power Process Systems has successfully completed the design, fabrication, and commissioning of a 4000 A containerised distribution board for a wind/PV solar hybrid renewable energy project.
Read more...Datacentrix Industrial Indaba 2025
News
Datacentrix recently hosted its inaugural Industrial Indaba 2025, where industry leaders explored how digitalisation, resilience, security and compliance are shaping the future of sustainable industrial operations in Africa.
Read more...RS brings solar light to 150 000 people RS South Africa
News
The company’s three-year partnership with SolarAid aims to raise £1 million through corporate donations, matched funding, product contributions, and fundraising to accelerate access to safe, sustainable energy.
Read more...Microchip and AVIVA Links collaboration Altron Arrow
News
Microchip and AVIVA Links have achieved groundbreaking ASA-ML interoperability, accelerating the shift to open standards for automotive connectivity.
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