In case you didn't know Mastercard has this coded chip they use on some cards, called Paypass, which allows you to just wave the card instead of swiping it. Now they're putting it on wrist watches to.Finextra: Altair unveils pre-paid contactless PayPass wrist watch
Remember when digital wrist watches were all the rage back in the day then everyone realized it was pointless? I think this is going to go the same way. Are we supposed to remember our watch like we remember our wallet? I just don't ever see this technology becoming popular.
Even if it is less work I think swiping the card is one of those actions we like to do because mentally we know our card has been swiped. It makes us feel more in control. I don't use this feature on any of my credit cards and don't see why anyone else would feel the need to either.
Disclosure: I am a moderator/paid staff of this site, which does have advertising relationships with some credit cards that are discussed and linked to. Regardless, anything I say is my honest opinion.
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