Visa have just started trialling a new system of payments that uses a special secure memory card inserted in a phone to pay for taxi, bus, train or subway rides in New York.
Their payWave system has just gone live, allowing users to simply swipe their phone in front of sensors to pay for their fares.
The system does however require a special memory card to be inserted into the smartphone, or in the case of the iPhone, which doesn’t have a memory card slot, the card is housed in a special case.
The trial is in place on the New York City subway, on their PATH railway and in 10,000 taxi cabs.
Here’s a brief video of payWave in action:
Via ReadWriteWeb