Speedpass

Speedpass is a keychain RFID device introduced in 1997 by Mobil Oil Corp. (which merged with Exxon to become ExxonMobil in 1999) for electronic payment. It was originally developed by Verifone. As of 2004, more than seven million people possess Speedpass tags, which can be used at approximately 10,000 Exxon, Mobil and Esso gas stations worldwide. At one point, Speedpass was deployed experimentally in fast-food restaurants and supermarkets in select markets. McDonald's alone deployed Speedpass in over 400 Chicago area restaurants. Additionally, the New England grocery chain Stop & Shop tested Speedpass at their Boston area stores; the units were removed in early 2005. The test was deemed a failure and McDonald's removed the scanners from all their restaurants in mid-2004. Speedpass has also been previously available through a Speedpass Car Tag and a Speedpass-enabled Timex watch.