Dexit is a rechargeable, contactless, stored-value smart key tag used for electronic payment in on-line or off-line systems in Toronto since 2001. }|135px|City of Toronto, Ontario Official Flag]]|Coat Image=[[Image:{{{Coat Image}}}|135px|City of Toronto, Ontario Coat of Arms]]}} {{Canadian City/Disable Field={{{Disable Motto Link}}}}} Motto: Diversity Our Strength {{Canadian City/Location Image is:{{{Location Image Type}}}|[[Image:{{{Location Image}}}|thumbnail|250px|City of Toronto, Ontario, Canada Location. ... 2001 is a common year starting on Monday of the Gregorian calendar. ...

Instead of coins or cards (and PIN), Dexit uses an RFID key tag device associated with funds transferred from ordinary TD Canada Trust bank accounts. There is no link to access the accounts from the key tag, a feature to guard against the abuse of lost key tags. Accounts can be filled up from the Dexit website, by telephone, at participating merchants, or through pre-approved bank account or credit card balance transfers. 1¢ euro coin A coin is generally a piece of hard material, generally metal and usually in the shape of a disc, which is used as a form of money. ... An RFID tag used for electronic toll collection Radio Frequency IDentification (RFID) is a method of remotely storing and retrieving data using devices called RFID tags/transponders. ... TD Canada Trust is the personal, small business and commercial banking operation of the Toronto-Dominion Bank. ... Credit cards A credit card system is a type of retail transaction settlement and credit system, named after the small plastic card issued to users of the system. ...

A partnership between small retailers, Dexit Inc., TD Canada Trust, National Bank of Canada, TELUS Mobility, Bell Canada in Toronto's downtown, and a few retailers in and around Toronto. There are plans to expand to the rest of Toronto in 2005. National Bank of Canada is the sixth largest bank in Canada, and so is one of the Big Six banks. ... TELUS (TSX: T) (NYSE: TU) is a phone company in Canada. ... Bell Canada Enterprises (TSX: BCE) (NYSE: BCE) is a major telecommunications company and a provider of telephone services in Canada. ... 2005 is a common year starting on Saturday of the Gregorian calendar and is the current year. ...

See also

• Mondex
• Octopus card

Mondex is a smart card electronic cash system which was developed originally by National Westminster Bank and subsequently sold to MasterCard International. ... The Octopus card is a rechargeable contactless stored value smart card used for electronic payment in on-line or off-line systems in Hong Kong. ...

External link

• Dexit (http://www.dexit.com)