Sweep is a contactless payment card that saves you from having to be weighed down by carrying around physical currency. While it could be argued that debit and credit cards got there first, this refillable cash card provides a secure way to pay online and offline, without the need to enroll in a bank. Instead, Sweep can be used as an ATM card without a bank account. Just like a gift card, Sweep can be purchased at gas stations, book shops and convenience stores.
The cards make use of RFID technology, so that money can be stored on the chip of the card to communicate with POS terminals that have contactless payments enabled. Some of the businesses that now accept Sweep's system of contactless payment include major ones like IHOP, P.F. Chang's, Jamba Juice, Bubba Gump and Krispy Kreme. Beyond food and product purchases, Sweep can be used to pay bills, top up the balance on a mobile phone or transfer money to another Sweep card. By registering a card, users are able to recover their money or points in the event that a card is lost or stolen.
Contactless Payment Cards
The Reloadable Sweep Card Makes Effortless Touch-Free Payments
Trend Themes
1. Reloadable Contactless Payments - Sweep's refillable cash card disrupts traditional banking by providing a secure way to pay online and offline without the need for a bank account.
2. RFID Technology for Payments - Sweep's use of RFID technology in their contactless payment cards is disrupting the traditional use of debit and credit cards.
3. Multi-functional Payment Cards - Sweep's card can be used for food and product purchases, bill payments, mobile top-ups, and money transfers, potentially disrupting multiple industries.
Industry Implications
1. Banking - Sweep's contactless payment card provides a secure alternative to traditional banking and can potentially disrupt the industry.
2. Retail - Sweep's method of contactless payment can be adopted by retailers and potentially disrupt traditional payment methods.
3. Mobile Payment - Sweep's card can also be used for mobile top-ups and money transfers, potentially disrupting traditional methods of mobile payments.