Restaurant POS System: Will the new technology replace credit cards?

Will the new technology replace credit cards?according to Barry McCarthy, the general manager of
At Contactless, a leading provider of advanced,Mobile Commerce and Point of Sale Solutions at First
open-standard contactless chip technologies, and FirstData. "Our partnership with INSIDE Contactless enables
Data, a global leader in electronic commerce andus to offer consumers an opportunity to turn just
payment processing services, announced that theyabout any personal item, from a mobile phone to an
have signed a three-year agreement in developingemployee ID badge, into a payment device."
contactless payment stickers, which First Data willAccording to Charles Walton, executive vice president
market as GO-Tag products. On the agreement,of payments for INSIDE Contactless, the agreement
INSIDE is to supply the MicroPass payment stickerhighlights the versatility of the MicroPass platform to
prelams entirely to First Data-qualified cardsupport a variety of contactless payment applications
manufacturers for production.and form factors, also stickers.
With this agreement, it helps leverage the coreYou might also want to consider updating your
technology from INSIDE Contactless and the issuingrestaurant POS system to Contactless credit card
and transaction processing power of First Data. Firstacceptance in the near future, because their
Data will be marketing and distributing GO-Tagtechnology is becoming more and more common in
products to financial institutions, major U.S. merchants,the marketplace. Customer service is all about speed
and other distribution channels in a variety of formand the faster we can process transactions at the
factors.restaurant point of sale terminal the better our
First Data's GO-Tag Solution represents a verycustomer experience will reflect on the value of our
important step into the future plastic cards and fobs,services.
and offers a bridge to the future of mobile payments