RFID-Enabled Smart Card ...

QI Sys is developing RFID smart cards for contactless payment applications ...

... "QI Systems Inc., a leading developer and integrator of smart card payment, access control and tracking solutions, announced that QI product engineers are now developing hardware and software components that support RFID-enabled contactless payment systems. RFID-enabled payment systems are rapidly gaining in popularity with merchants and consumers in the U.S. Small-value transactions can now be quickly completed using a payment card with a built-in microchip and wire-loop antenna utilizing very-short-range (several inches) radio waves to securely transmit account information from the card to the merchant point-of-sale terminal. There is no need for the merchant to swipe the card through a reader, so the cardholder always remains in control of the card and transaction time is optimized. MasterCard, Visa and American Express are actively promoting contactless-payment versions of their cards. The International Standards Organization has established an implementation specification enabling these credit-card leaders to share a common transmission protocol. That in turn facilitates the programming of a single merchant point-of-sale terminal to accept and process transactions from all three companies’ payment cards/devices. Merchants and cardholders alike should benefit significantly from the enhanced convenience and security offered by a broader selection of contactless payment solutions. " ...

RFID-Enabled Smart Card: Via QI Systems Inc.: QI Systems Inc. Developing Products for RFID-Enabled Smart Card ...