iPhone Payments Go Live in New York City Subways, Taxi Cabs
From: Ilana <>
Reply-to: Ilana <>
When: Tue, 21 Sep 2010 13:43:12 -0600
Sent to you by Ilana via Google Reader: iPhone Payments Go Live in New
York City Subways, Taxi Cabs via ReadWriteWeb by Mike Melanson on
9/21/10
Beginning this week, New Yorkers won’t have to pull out cash or credit
to pay for their bus, subway, train or taxi fares. Instead, they’ll be
able to pay using their iPhones as part of a pilot program for Visa’s
payWave program, which allows users to make contactless payments.
The system makes it as easy as waving your payWave-enabled phone in
front of a sensor, which then securely completes the transaction.
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The solution is different than many of the mobile payment solutions
we’ve discussed, in that it doesn’t use Near Field Communication to
communicate with the vendor. Instead, the system works on “a majority
of smart phones that have a slot for a memory card”. As we wrote when
we first discovered the payWave program “users can insert the card into
their phone’s memory slot to transform their phones into mobile payment
devices.”
With this pilot program, those with payWave enable phones will be able
to pay for New York City subway, PATH rail system and NJ Transit fares
using their phones, along with fares for more than 10,000 New York City
cabs.
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