Dexit
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Dexit is a rechargeable, contactless, stored-value smart key tag used for electronic payment in on-line or off-line systems in Toronto, Canada, since 2001.
Instead of coins or cards (and PIN), Dexit uses an RFID key tag device associated with funds transferred from ordinary TD Canada Trust bank accounts. There is no link to access the accounts from the key tag, a feature to guard against the abuse of lost key tags. Accounts can be filled up from the Dexit website, by telephone, at participating merchants, or through pre-approved bank account or credit card balance transfers.
A partnership between small retailers, Dexit Inc., TD Canada Trust, National Bank of Canada, TELUS Mobility, Bell Canada in Toronto's downtown, and a few retailers in and around Toronto. There are plans to expand to the rest of Toronto in 2005.
See also
External link
- [Dexit]
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