J.P. Morgan Chase to begin distributing new swipeless credit cards

Here comes the next step toward a cashless society. J.P. Morgan Chase on Wednesday will begin distributing new credit cards that do not need to be swiped to complete a purchase. Instead of a familiar magnetic stripe across the back, the new "contactless" credit cards use RFID technology, or radio frequencies, to complete a transaction.
For consumers, simply waving the card a few inches from a special checkout terminal does the job.
Metro Atlanta is the first market Chase picked to issue the cards. The bank said it will begin distributing special Visa and Mastercards to 1 million Atlanta Chase customers.
"We chose Atlanta because it's a population that's always on the go," said Thomas O'Donnell, Chase senior vice president of marketing. "The people living here are always looking for something new that can add speed to some aspects of their lives, whether it's their commute or their shopping."