Widely used in Hong Kong, the Octopus card is used for purchases on public transport, in convenience stores, fast food restaurants and other places where purchases can be made. In addition it’s also used for office and residential premises access control. Each Octopus card looks like a basic credit card but has a built-in microchip containing an “electronic purse” and other applications that records transaction details. To use the card, owners simply wave the card over a reader and the information or financial transaction is completed automatically.
Octopus Card
Updated on:
Vangie Beal
Vangie Beal is a freelance business and technology writer covering Internet technologies and online business since the late '90s.
Related Articles
@ Sign
Pronounced at sign or simply as at, this symbol is used in e-mail addressing to separate the user' name from the user's domain name,...
Munging
(MUHN-jing) Munging (address munging), is the act of altering an email address posted on a Web page to make it unreadable to bots and...
How to Create an RSS Feed
In the second installment of RSS how-to, we look at some of the nonrequired (optional) channel and item tags, discuss RSS specifications in-depth and...
Dictionary Attack
(n.) (1) A method used to break security systems, specifically password-based security systems, in which the attacker systematically tests all possible passwords beginning with...
Definitions
ScalaHosting
ScalaHosting is a leading managed hosting provider that offers secure, scalable, and affordable...
Development
HRIS
Human resources information system (HRIS) solutions help businesses manage multiple facets of their...
Definitions
Best Managed Service Providers...
In today's business world, managed services are more critical than ever. They can...
