Contactless Payment Tested At MajorLeague Sports

December 23, 2005, 1:00 a.m. EST 1 Min Read

ATLANTA - (12/23/05) -- Fans of the Atlanta Hawks basketballand Atlanta Thrashers hockey teams are being invited to test-pilota new technology that will allow them to make contactless paymentsat concession stands and access mobile content from numerouslocations throughout the arena. The technology is known as nearfield communication and lets consumer electronics communicatewithin a two-inch to four-inch range, allowing users to intuitivelyconnect any two devices to exchange information or access contentand services. At Philips Arena, fans can purchase items by simplyholding their Nokia mobile phones equipped with Philips' NFCsemiconductor chips and ViVOtech software near a secure terminal.In Atlanta, the test involves about 300 season-ticket holders whoopened a credit card account with JP Morgan Chase.

For reprint and licensing requests for this article, click here.

MORE FROM AMERICAN BANKER

Stress tests

What's next after strong bank stress tests?

While banks will likely increase near-term dividend plans, analysts and investors are more focused on the long-term outlook for capital requirements from regulators.

By Catherine Leffert

39m ago
Digital banking

Academy Bank gives consumers digital budgeting help

The Missouri bank surveyed consumers about what kind of financial management tools they use, then built its My Finance360 tool in response.

By Melinda Huspen

2h ago
Cyber security

GodFather malware hijacks banking apps on Android devices

GodFather malware mimics and manipulates real financial apps on Android devices, exposing sensitive data without user suspicion.

By Carter Pape

3h ago
Payments

How Walmart, Amazon and other nonbanks chase stablecoins

As banks consider their strategies, other big names are also considering a role for digital assets.

By John Adams

4h ago
Open banking

Fintech group urges court to uphold CFPB's open banking rule

The Financial Technology Association — which had been granted the right to defend the Consumer Financial Protection Bureau's open banking rule after the bureau declined to defend it — filed a motion Sunday to preserve the rule.

By Kate Berry

5h ago
Industry News

Financial Services Forum CEO Fromer departing

Kevin Fromer, who has headed the Financial Services Forum since 2017, announced his departure Monday. Fromer transformed the Financial Services Forum to advance the interests of the largest U.S. banks.

By Claire Williams

7h ago