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Updated: 08/23/2004
iTAG RFID - Contactless Payment
- Customers carry a transponder that is mounted in a device such as a key chain or mobile phone. At the point-of-sale, the customer waives the transponder at a RFID reader/antenna that will pick up each transponder''s unique identifier signal. The reader/antenna will then pass that information onto the appropriate value added network to verify the customer''s profile and credit information. Upon authentication, the terminal processes the transaction, prints a receipt, and the customer is on his way.