10/23/11

New Zealand takes step towards becoming cashless society

Revellers in New Zealand who dream about living without cash will be able to attend two festivals on New Year's Eve without taking their wallets with them.

The La De Da festival in Martinborough and the Rhythm and Vines event in Gisborne will both adopt cashless payment systems, the New Zealand Herald reports.

Partygoers will be fitted with a wristband on entry to the two sites, which will be preloaded with wireless money.

They can then pay for items such as food and drink simply by flashing their wrist against a point-of-sale terminal.

As a result, organisers will be able to see where money is being spent and also find it easier to block the sale of alcohol to people who have been highlighted as troublemakers.

"We wanted to use the RFID system because our goal is to provide punters with a seamless experience," La De Da festival organiser John Mossman told the news provider.

Earlier this month, Juniper Research said the wider use of near field communication technology would benefit the cashless payment industry. ...source
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