U.S. Bank And Visa Pilot Micro Tag
What better time to test alternative payment devices than during the holiday season? Visa is piloting its smallest alternative electronic payment device available, the Visa Micro Tag, with U.S. Bancorp. The payWave-enabled contactless device was given to more than 4,000 U.S. Bank employees in November in an effort to get feedback on its usability. The tag, which Visa first launched in 2007, is tied to a prepaid Visa gift account and designed for smaller purchases such as coffee or for use at a concession stand or kiosk-not a bad idea given the holiday spending forecasts.