Chase Rolls Out RFID Credit Cards in N.Y. and Philadelphia

"J.P. Morgan Chase & Co. said Thursday that it has begun rolling out its contactless credit cards, known as "blink," in the New York and Philadelphia metropolitan areas. To use the blink cards, customers wave the card near a reader at the checkout line. The reader emits a tone and lights up to signal payment confirmation. Chase is delivering the cards, which use a radio-frequency identification chip, to two million customers in the New York metropolitan area and 900,000 customers in the Philadelphia metropolitan area. The initial merchants that will accept blink are 7-Eleven, AMC Theatres, CVS, Duane Reade, Regal Entertainment, and Sony Style stores. The blink cards, which also include a traditional magnetic stripe, can be used anywhere Visa and MasterCard are accepted." Source: informationweek.com