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Part I: Today’s Technology > Simplifying Convenience Payments: ExxonMobil Speed...

Chapter 32. Simplifying Convenience Payments: ExxonMobil Speedpass

If you’ve ever wanted to fill up your car or truck with gas and make convenience-store purchases in a hurry, lines at the cash register and fumbling for change or for credit cards can be a real hassle.-The ExxonMobil Speedpass can help you avoid many of these situations. It automatically links to a standard credit or check card that you specify during enrollment and allows you to make payments for gas and other convenience-store items. The Speedpass system uses a 1.5-inch tag that attaches to your key ring. It uses radio frequency identification (RFID) technology to communicate with a special reader mounted in the gas pump or near the cash register. To make a gas purchase, you simply wave the Speedpass tag at a reader on the pump, and then you’re authorized to begin fueling. What could be simpler?

The interesting thing about the Speedpass system, and about RFID tags in general, is that they are starting to be utilized for customer identification to enable an even wider variety of convenience payments. The ExxonMobil Speedpass can also be used for making car wash payments at company stations in the Chicago and Orlando area. At McDonalds, Speedpass can be used at more than 400 locations in the greater Chicago area (Plates 31 and 32). In addition, Stop & Shop Supermarkets will accept payments using the Speedpass and is linking its loyalty-card program to the Speedpass. This means that Stop & Shop customers gain all the discounts and rewards by using the Speedpass that they would by using their normal loyalty card within the store. Finally, Speedpass is also testing a Timex watch that contains a built-in tag. The watch can be used instead of the Speedpass key tag to make gasoline purchases and at the checkout counter or drive-through window at select McDonalds restaurants in the Chicago area.


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