trilium banner March 2012
     

19/07/2011

By Scott Thompson

U.S. Bank has introduced the MasterCard PayPass VITAband, a wristband that makes use of contactless payment technology.

The VITAband also links to a customisable emergency response profile that provides medical professionals with fast access to critical medical information in the event of an emergency. U.S. Bank employees began testing the wristband in multiple states in the second quarter of 2011. All transactions for the initiative are processed by FIS.

"VITAband is great for sports enthusiasts or people who are on-the-go and don't want the hassle of carrying cash and identification. It provides contactless payment functionality, along with access to emergency contact and medical information, all in one convenient wristband," says Beth Blaisdell, senior vice president at U.S. Bank Payment Services. "Listening to and understanding the financial and personal needs of our customers inspire us to offer unique and powerful new products like the VITAband."

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Other stories you may find of interest:

Lloyds joins the contactless cards brigade
Lloyds TSB has jumped on the contactless payments bandwagon and introduced the technology on its VISA debit cards to current account customers within the M25

SDD launches payments revolution - JPM, Citi, db & others unveil offerings
JP Morgan's Treasury Services division says it is already helping its clients to enhance European receivables management with its new SEPA Direct Debit (SDD) services, launched today to coincide with the inaugural day of the latest Single Euro Payments Area (SEPA) scheme. Other banks, such as Citi and Deutsche Bank are, of course, also marking this important occasion

Contactless to go big in 2012
2012 will see a tipping point for broad contactless adoption, with consumers viewing it as a precursor to m-payment

bankers accuity may 2012


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