"Wave-and-pay" system headed to Canada

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Derek @ Nov 8th 2007 10:12AM

Between Interac, PayPass and all the independent KeyFOB payment methods out there (like the ones for Shell and Esso), I think this is pretty pointless. Hell, just the other day I used my MasterCard at Starbucks and they didn't ask me for a signature since it was so cheap. It doesn't really get much faster than that.

This will fail, and I'm fine with that. Interac and the banks are already introduce chip-and-pin cards that are supposed to increase the security of debit systems and, well, it would make a lot more sense for Interac to introduce a KeyFOB for use instead of the credit card companies up here.

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