The rollout of proximity payment credit cards has begun in the...

The rollout of proximity payment credit cards has begun in the US supported by the major banking organisations. Such cards and also mobile phones with similar technologies will place erg in a central position in the payments marketplace.

"Credit Cards With blink Redefine Payment Experience for
Consumers and Merchants

NEW YORK, May 19 /PRNewswire/ --

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STORY SUMMARY:
The latest innovation in payments is making the purchase process easier
than ever. Consumers will soon have a faster, more convenient way to pay for
just about anything, thanks to a revolutionary new kind of credit card - Chase
credit cards with blink. Credit cards with blink take a traditional credit
card and add a new feature - embedded technology that allows consumers to pay
by simply holding the card near a secure reader, instead of swiping the card
or handing it to a cashier. The new point-of-sale terminal will quickly emit
a tone and signal - or blink - indicating payment confirmation. For
consumers, credit cards with blink make paying for everyday purchases faster
and easier.
Chase, the first U.S. bank to broadly roll out credit cards with blink,
will begin issuing the cards on a market-by-market basis early this summer.
Consumers will be able to use their credit cards with blink anywhere Visa and
MasterCard are accepted, and Chase is working to implement contactless
functionality at gas stations, quick-service restaurants, movie theatres,
convenience stores and other merchants where speed and convenience are
important.