United Press International: Chase Bank offers no-swipe credit cards: "Chase Bank offers no-swipe credit cards
Published 5/31/2005 10:21 PM

NEW YORK, May 31 (UPI) -- Chase Bank said Tuesday it will offer a credit card that does not to be swiped.
Known as blink cards, the latest cards only need to be held near a sales terminal instead of being swiped or handed to a store employee, just as similar smart cards are used to track subway fares and highway tolls.
Chase, a division of New York investment banking giant JP Morgan Chase, said in a news release that about 1 million blink cards will be made available initially in the Atlanta area alone.
The bank also said blink cards would be time savers, and in tests have worked most efficiently in drive-thru stores, 'where transaction time was reduced by as much as 20 seconds as compared to cash.'
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