GoNow eWallet card
Digital Life Technologies is piloting its GoNow eWallet card, a programmable magnetic stripe card that receives commands from an eWallet via a mobile phones. The company claims that the solution is being trialled by a major bank and a direct-to consumer eWallet issuer.
The card can be programmed by an eWallet and then swiped at the POS, contactless terminal or ATM without the need to update the existing payment infrastructure. The GoNow eWallet can become any credit, debit, loyalty or stored value card in a consumer’s eWallet. Users will also be able to add cards from a physical wallet to an eWallet via a magnetic stripe card reader that connects through the phone’ audio jack.
Whitepapers
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