Dexit

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.

Instead of coins or cards (and PIN), Dexit uses a key tag device to which users transfer money 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 or by phone.

A partnership between small retailers, Dexit Inc., TD Canada Trust, National Bank of Canada, Telus Mobility Canada, 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.

See also

• Mondex
• Octopus card

External link

• Dexit