RFID In Banking

 

At the Bank and Around Town – Leave the Cash at Home!
As the pace of life increases for the average consumer, the need for services that deliver greater efficiency increases. RFID has the ability to greatly influence the efficiency of the Financial vertical market by:

  • Providing consumers with a cashless wallet (SmartCard)
  • Providing safety and security at ATM machines
  • Increasing efficiency in file management

Contactless card systems have been in existence for several years and have the ability to speed up consumer transactions, while maintaining the necessary data security that consumers have come to expect for online transactions.  Improved security can enable more efficient back-office operations and improved customer service.

Quick Links
Browse the following links for information (press releases, case studies, etc) about some ways RFID is being used today.

Touch ‘n Go – Malaysia
Speedpass – Overview
Merrill Lynch Case Study