Technology Industry
Industry: Email Alert RSS FeedSilver crosses Palm in first e-wallet
Electronics Times, Jan 15, 2001
Carl Yankowski, CEO of Palm, used CES to unveil what his company claims is the world's first point-and-pay e-wallet, a handheld PDA encoded with a credit card number.
Yankowski used the Palm device to show how a person can choose items from a supermarket's shelves, scan the barcodes, download them at the till and then pay automatically with the Palm.
He pointed his Palm at the store's transaction clearing device, keyed in an ID number and pressed `send'. The transaction was completed in 30 seconds.
"Next holiday season, you'll beam your way through the register," Yankowski said. "Once businesses adopt this IR technology, we believe consumers will grow comfortable discarding their bulky, disorganised wallets."
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The device is the result of a collaboration between Palm, Ingenico, Hewlett-Packard's VeriFone division and Visa International.
Copyright: United Business Media Ltd.
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