A Magnetic Swipe card is a type of card capable of storing data by modifying the magnetism of tiny iron-based magnetic particles.
Tuesday, June 14, 2011
RFINITY 'Cell phones to alter acclaim cards'
Rexburg - A technology developed at the INL possibility of canceling the phone as a credit card. RFINITY uses radio frequencies to transmit data, enabling faster processing. Consider this, if you are using a check, the average time to open the checkbook is walk 28 seconds. It is a credit card, 16 seconds. RFINITY claims spend your mobile phone is only 8 seconds. "This is a good thing. Because everybody complains about the applicationCredit cards and your portfolio is very large. We have to take these cards and for the transaction. We can all, in the configuration of the phone and do it safely, "said Steven McCown, Director of Technology RFINITY." "Everyone carries a mobile phone, almost anyone. Because the people who have cell phones, is simply the most convenient way to do business. Whether a purchase, or identify safely," said Wally Mcpheters, RFINITY of Product Manager. Imagine howQuick airport line could, if all I had to do was wash the phone as part of their identification. This is possible now with this new technology. "This is a revolutionary step. You can use the phone with a contactless terminals already in use, use instead the use of a completely new technology," said McCown. "Today with the pilot RFINITY, it was possible for them to save the pilot of the university to use its technology. In the first pilot, there were 100 students involved...
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