|Home||Internet of Things||Aerospace||Apparel||Energy||Defense||Health Care||Logistics||Manufacturing||Retail|
Ask The Experts Forum
Can RFID Be Used for Electronic Payments?
How difficult would it be to come out with a radio frequency identification product that would feature a digital-payment function?
Not difficult at all. In fact, RFID has been used for digital payments for decades. The first automated electronic toll-collection system was introduced in Bergan, Norway, in 1986. A similar system was introduced in Texas in 1988. These systems employed active RFID transponders.
Passive RFID has been used for digital payments since 1997. That year, Mobil Oil (now Exxon Mobil) introduced SpeedPass at its pumps. A little fob that you put on your car keychain contains a passive high-frequency (HF) transponder, enabling you to pay electronically.
The standard air-interface protocol used for passive HF RFID payment solutions is ISO 14443.
—Mark Roberti, Founder and Editor, RFID Journal
Login and post your comment!
Not a member?
Signup for an account now to access all of the features of RFIDJournal.com!
SEND IT YOUR WAY
RFID JOURNAL EVENTS
ASK THE EXPERTS
Simply enter a question for our experts.
|RFID Journal LIVE!||RFID in Health Care||LIVE! LatAm||LIVE! Brasil||LIVE! Europe||RFID Connect||Virtual Events||RFID Journal Awards||Webinars||Presentations|