Speedpass is a keychain RFID device introduced in which year, by Mobil Oil Corp., for electronic payment, it was originally developed by Verifone?
Speedpass Speedpass is a keychain RFID device introduced in 1997 by Mobil Oil Corp. (which merged with Exxon to become ExxonMobil in 1999) for electronic payment. It was originally developed by Verifone. As of 2004, more than seven million people possess Speedpass tags, which can be used at approximately 10,000 Exxon, Mobil and Esso gas stations worldwide. At one point, Speedpass was deployed experimentally in fast-food restaurants and supermarkets in select markets. McDonald's alone deployed Speedpass in over 400 Chicago area restaurants. The test was deemed a failure and McDonald's removed the scanners from all their restaurants in mid-2004. Additionally, the New England grocery chain Stop & Shop tested Speedpass at their Boston area stores; the units were removed in early 2005. Speedpass has also been previously available through a Speedpass Car Tag and a Speedpass-enabled Timex watch.
ClearXchange clearXchange, also known as Zelle, is a U.S.-based digital payments network owned by Early Warning that enables U.S. individuals and businesses to electronically transfer money from their bank account to another person's bank account using a web interface or mobile device. Unlike when using an Automated Clearing House (ACH) transfer, the payer does not need to know the bank account information of the payee to make a payment. Instead, that information is held by the clearXchange service, and the payer only needs to know the email address or phone number of the payee as a way to uniquely identify the recipient. To receive payments, the payee must register their bank account with clearXchange and associate it with their email address or phone number.