Lollapalooza is launching a cashless payment system

See the original posting on The Verge

Chicago’s Lollapalooza Music Festival is launching a new cashless system, allowing attendees to buy food and drink with a personal RFID bracelet distributed on entrance. To pay a vendor, concertgoers will simply tap their bracelet against a vendor’s point-of-sale system, wirelessly transmitting their credit card information. The system requires users to opt-in in advance, so no one will be forced to load their credit cards onto the bracelet, but organizers even partial adoption to speed up often chaotic food and drink lines.

Bonnaroo and Coachella both use RFID bracelets as ticket substitutes, but neither has taken the leap to a full RFID-enabled payment system. For large festivals, the bracelets can also be used to create a record of…

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