RFID Key Fobs: eCommerce Transactions

Federal Reserve Board’s Request for Comment regarding the proposed changes to Regulation E ... Wendy Nolan Sutton, Assistant Vice President, Credit & Check Programs, The TJX Companies, Inc.

... "Customers are accustomed to electronic consumer payments in many environments including eCommerce, telephone, gas stations, and other retail establishments. They see many sources for debit entries against their checking accounts: online and offline debit card transactions, use of RFID key fobs, conversion of their paper checks, and verbal or electronic approval when supplying routing and account number in a telephone or eCommerce transaction. " ...