Campus Cards, College and University Identification and Security

U.S. Bank launches Visa payWave in four states

Monday, June 2, 2008

U.S. Bank customers in Colorado, Utah, Missouri, and California will now be issued debit cards with the Visa payWave contactless payment feature. Visa payWave technology enables customers to make a purchase by simply holding their card within two inches of a secure reader instead of swiping it.

U.S. Bank customers in Denver and Salt Lake City who already hold a debit card can request a new card with Visa payWave functionality; some customers in California and Missouri received an automatic upgrade to the new card. The new cards carry the same zero liability protection and have the same fraud monitoring U.S. Bank offers with all debit cards.

In addition to merchants who allow payWave payments, U.S. Bank is working with USA Technologies to install 400 contactless vending machines in the Denver area, to provide customers with more places to use their new contactless card. [end] 

Visa’s contactless payWave system has seen steady growth in Canada as more and more merchants implement the new payment technology.

Paywave, which enables Canadians to make quick and secure transactions by simply tapping their card against a POS reader, is already in place at many popular Canadian establishments, including SUBWAY, Second Cup, The Jean Coutu Group, Country Style and Coffee Time.

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SmartMetric Inc. filed a complaint in United States District Court for patent infringement. The company claims that Visa’s payWave and MasterCard’s PayPass technologies infringe on a company patent.

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The Smart Card Alliance Transportation Council is holding a meeting on open standards payment for public transportation in New York City on September 22 - 23.

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Visa is teaming with Turkey’s Akbank and vendor DeviceFidelity to launch a new microSD-based contactless mobile payment system.

Akbank customers will be able to insert DeviceFidelity’s In2Pay microSD into their handsets’ memory card slots, turning them into contactless payments devices that can be used with Visa payWave terminals.

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Bank of America will be testing NFC payments enabled through microSD cards, a spokesperson for the bank tells NFCNews.com. The program will begin in September and run through the end of the year in New York.

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The Canadian contactless payments market is set to take off as large stores rapidly adopt the new technology, and smaller merchants threaten to make the jump as well, according to itbusiness.ca.

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