Yes, I'm aware of that, and I'd be happy if the banks came out with a PINless RF payment system similar to PayPass, except actually out of my bank account. Yes, there would have to be limits to control fraud in case of loss, etc, but setting that up (perhaps $20 daily maximum, for example) is childsplay for the banks.
Untill that time, I'll continue to swipe my bank card and input my PIN. I won't use PayPass and run up my credit card balance simply for the "convenience factor" that the credit card companies like to push.
Reader Comments (Page 1 of 1)
oshawapilot @ Aug 23rd 2008 7:56AM
@cactus
Yes, I'm aware of that, and I'd be happy if the banks came out with a PINless RF payment system similar to PayPass, except actually out of my bank account. Yes, there would have to be limits to control fraud in case of loss, etc, but setting that up (perhaps $20 daily maximum, for example) is childsplay for the banks.
Untill that time, I'll continue to swipe my bank card and input my PIN. I won't use PayPass and run up my credit card balance simply for the "convenience factor" that the credit card companies like to push.