Tokyo Cabs to Try RFID Payments

Credit card company JCB International is launching a trial of its QUICPay contactless payment system in November with Tokyo taxi drivers, reports RFID Journal.

"If the trial is a success, JCB hopes to bring its contactless system using RFID technology to convenience stores, allowing Japanese consumers to use their mobile phones to make instant payments at such stores by early 2006.

The payment system consists of a mobile phone with an embedded chip that stores an allocated amount of funds that have been charged to the phone owner's JCB credit card. QUICPay RFID readers can read the fund balance remaining on the chip and subtract money during purchases. "

emily | 4:19 PM | QR Codes / RFID Tags / NFC |
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