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Taiwanese convenience stores push contactless payment
April 8, 2007
Chinapost.com.tw: President Chain Store Corp., which operates 7-Eleven stores, has cooperated with Chinatrust Commercial Bank to launch a co-branded contactless credit card that debuted April 1 in Taiwan . The contactless card, which has an embedded chip that lets users wave it near a reading panel instead of swiping it, is called "icashwave." The card can function as an electronic wallet for purchases below TWD $500 (U.S. $15) as well as acredit cardfor larger amounts.
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