Consumer Payment Card News

Blue ExpressPay

The American Express “Blue” card is getting energized with a new feature that enables cardholders to simply hold their card a special reader at the checkout to make purchases, with no signature required. The new “ExpressPay” option consists of a secure computer chip powered by radio frequency technology which enables end-to-end transaction security. Also this week, 7-Eleven announced it will accept the AmEx contactless solution in its 5,300 U.S. stores by early 2006 following a test of “ExpressPay”-enabled readers in 170 stores in a test market. Additionally, AmEx will add contactless payment options to several card products including: “Blue Cash,” “Blue for Students,” “Blue for Business” credit cards, and “Blue Cash for Business.” AmEx has been testing “ExpressPay” since 2002. In March, AmEx announced the signing the nation’s largest photographic chain and one of the fastest growing convenience store chains in the mid-Atlantic region. Ritz Camera and Sheetz agreed to add 1,500 locations for “ExpressPay.” In December 2004, the CVS pharmacy chain inked a deal to make a full roll-out of “ExpressPay” to its entire fleet of more than 5,300 stores by mid-year. For more information visit: “http://www.americanexpress.com”:http://www.americanexpress.com

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