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iTAG® RFID - Contactless Payment

Customers carry a transponder that is mounted in a device such as a key chain or mobile phone. At the point-of-sale, the customer waives the transponder at a RFID reader/antenna that will pick up each transponder's unique identifier signal. The reader/antenna will then pass that information onto the appropriate value added network to verify the customer's profile and credit information. Upon authentication, the terminal processes the transaction, prints a receipt, and the customer is on his way.

Platform(s): n/a
Date: Aug, 23 2004
Author: http://www.ac-corporation.com.ph/products/itag/solutions/payment.asp

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