You are here
DALLAS - Exxon Mobil Corp. said Wednesday it would test its Speedpass payment system at Ahold USA Inc.'s Stop & Shop supermarkets beginning this fall, according to the Associated Press.
Stop & Shop will be the first retailer to test a new Speedpass feature that lets retailers operate their own loyalty-card program within the Speedpass system, Exxon Mobil said. This will let customers instantly pay for purchases and get Stop & Shop rewards and discounts without also having to swipe a loyalty card.
The Speedpass, introduced in 1997 at Mobil service stations, operates like a credit card or debit card. Customers point an electronic device at a countertop reader to make payments.
Exxon Mobil is also testing the device at McDonald's restaurants in the Chicago area. It is also developing a watch with Timex that would include an imbedded transponder to let customers pay for goods by pointing their watch at an electronic reader.