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Mastercard

cellphones

Nokia, Cingular Team for Pay-by-Phone Service in NYC

Nokia, Cingular, Citibank and Mastercard have all gathered around in a festive orgy to begin offering a trial pay-by-phone service in the NYC area. The cellphones will use the NFC (near field communications) credit card/cellphones and the already in-place Mastercard PayPass system. Folks will be able to walk up to a PayPass device, tap the phone and automatically be deducted the amount for whatever is purchased. More »

gadgets

Citibank Releases RFID Credit Cards

People who claim RFID marks the end of the world should probably step aside for a moment now that Citibank is starting to release credit cards that use the radio technology. The MasterCard PayPass looks like a ordinary keychain, but the embedded RFID chip replaces the traditional magnetic strip found on regular credit cards. Once waved in front of a PayPass reader, the user's credit card is automatically charged. Considering such readers aren't very common yet, the RFID credit card is still some time away from replacing your precious piece of plastic. More »