Banking Technology Home
RFID in Banks
Benefits of using radio frequency identification (RFID) in banks would be high level client service and help prevent credit card fraud. RFID is a small chip that can contain information about a bank's client and can be implanted in a passbook or credit card.
RFID Banking Scenario by IBM: 
RFID in Payment Programs
RFID in banks is already a reality in payment programs such as the Oyster Transport Card in London, UK, the Octopus Card in Hong Kong and the MasterCard PayPass programme in the USA.  How it works:
However, items such as privacy concerns and radio frequency interference are issues that will have to be addressed.
More information about RFID:
Information Technology for Banks
Banking Technology - Resource for Banks and Financial Institutions