Smart Keyring Idea Unlocks a Fast Way to Pay

By Hall, Allan | The Evening Standard (London, England), February 28, 2001 | Go to article overview

Smart Keyring Idea Unlocks a Fast Way to Pay


Hall, Allan, The Evening Standard (London, England)


Byline: ALLAN HALL

THE keyring, an indispensable tool for most people, is about to enter the world of big business.

Corporations large and small see the jingly-jangly chain, replete with barcoded cards, as adding up to a potential billions of pounds in trade.

It all started with Exxon Mobil in America, which invented Speedpass, a 3.75-centimetre-long plastic card dangling from a chain.

Motorists charged their petrol to a card of their choice by simply waving it in front of a pump. No card processing, no human contact, no fuss.

Close to five million people in the US signed up for Speed-pass and now the rest of the retailing world is climbing aboard.

At Giant Food in Washington DC, hundreds of thousands of customers have opted for a similar gadget to swipe at checkouts, cutting staff costs and waiting time.

McDonald's is now testing one for its fast-food drive-throughs throughout the world. …

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Smart Keyring Idea Unlocks a Fast Way to Pay
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