USB Pay - Cool!

Shinhan Card rolled out Korea’s first ever USB type credit card on December 27. The USB credit card provides the online and contactless payment function and works the post-paid transportation card as well. The built-in IC chip includes the public authorization and the internet credit payment programs. During the online payment, users do not need to insert the credit card number. Rather, they can pay by connecting the USB to the slot. At the franchise stores with the IC card reader, it enables the no-touch payment. The card also supports the information inquiry and the automatic log-in service using the public authorization and the built-in internet payment programs. However, it is limited for users to delete or save data so that the USB itself cannot be used as a portable storage device. Shinhan Card plans to issue the existing plastic credit card, Shinhan Love Card, as well until the IC chip readers become popular among the franchise stores. The company said, “It provides the online and contactless payment functions. And the card itself can be an accessory as well. We think those young customers familiar with the online and mobile payment will prefer the USB type credit card.”