Word: amex
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Dates: during 2000-2009
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Today TI is turning its efforts to consumer applications like wireless transactions, helping American Express launch ExpressPay, an alternative to cash for purchases where speed and convenience are important, such as at fast-food restaurants, gas stations and dry cleaners. In July Amex set up a real-world RFID test in Phoenix, Ariz., allowing card users and employees to charge at 200 merchants with an RFID-ready fob attached to a key chain. Amex vice president David Bonalle says RFID pilots have cut transaction time 30% to 50% and average sales have gone...
...testing ExpressPay, faster lines at the cashier and reduced backups at the drive-through window have brought in new customers. "It's a no-lose situation," says Jason LeVecke, grandson of the chain's founder. Women seem to grasp the advantages of the new system quicker than men--something Amex learned to its surprise in focus groups. "It sure would be easier than fumbling around in my purse," says Tracey Serenka, who had her two sons--Eric, 1, and Jason, 4--in tow at a Carl's Jr. recently. Another advantage over a credit card: there is no name...
...years ago, thanks to his wife, who uses ExxonMobil's RFID-based Speedpass fob to pay for gasoline at the pump. At least 6 million people have used Speedpass since its 1997 introduction. But the technology spread far beyond the pump this year after all three major card companies--Amex, Visa and MasterCard--endorsed interoperability standards for RFID payments. Besides the Amex pilot, there have been trials by MasterCard (for its PayPass card in Orlando, Fla.) and Visa (which plans to use RFID-ready phones in Asia). Someday you will stroll down grocery aisles with a PC tablet that uses...
...Hilfiger, daughter of Tommy, and her pal Jamie Gleicher travel to lots of beautiful locales (Paris, Mustique, Nantucket), shop together at Saks and Bergdorf Goodman, and giggle about their closets, which are stuffed with a million bucks worth of clothing. Isn't life wonderful? Whatever. Fashion forecast: plastic (Visa, Amex) fantastic...
Hordes of hungry parents and their graduated progeny descend on Square restaurants this week. This much we know. If you are keen to avoid the hundreds of other newly crowned Harvard grads enjoying lunch out courtesy of their parents’ Amex, but still want to enjoy a good old fashioned bite at your folks’ expense—sans the crowds—the Four Seasons in Boston may have just the thing to celebrate those two new letters after your name. In the finest tradition of the genteel English high tea, the haute cuisine gurus at Boston?...