You have to agree that the convenience is fantastic for the consumer... I'm wondering if the retailers are excited about eating the extra costs of transaction fees. Or are they just simply adding these costs to the products, and then passing it on to the consumer?
I get a sense that if you're buying food or anything else at the Olympic stadium grounds, they're going to be pretty pricey anyway. So.. might as well use the prepaid card... It's easy to use and easy to carry around.
RBC offers prepaid money cards
RBC Royal Bank is replacing the need for cash and credits by issuing pre-paid cards that use radio frequency identification (RFID) technology to make transactions.
The cards are by Visa and shaped like Coca-Cola bottles. They can be used at vending machines in Vancouver and Whistler at Games venues, as well as retail and food and beverage locations inside the fence.
The cards are available at any RBC Royal Bank branch, as well as online at www.rbcroyalbank.com/visagiftcard/. You can put up to $500 on a prepaid card, which can be used merely by swiping them in front of special terminals.
http://www.piquenewsmagazine.com/pique/index.php?content=Oly+notes+1705
