Payment Card News

Multi-Functional Card

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A new card is being piloted that offers identification, swipe payments, contactless payments and secure access all on a single card. The “AccelaPay Visa,” a prepaid payroll account, is being tested by U.S. Bank employees in Minneapolis. The use of one card for identification, payments and secure access has the ability to provide a unique solution to a variety of spaces: government, university, corporate, health care, transportation and many other institutions. Universities, for example, would be able to offer faculty and students secure access to university facilities such as dormitories and laboratories, while using the same card as an ID and for purchases. The card will also have the ability to combine workplace IDs and security access cards with payment cards providing only one card to employees instead of two. U.S. Bank did not set a time limit on the pilot. For more information visit: “http://www.usbank.com”:http://www.usbank.com

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