How promoters are using mobile payments with large crowds.

Lollapalooza is investing in more than just quality tunes this year. For the first time, the Chicago music festival will be offering festivalgoers wearable tech that can be linked to credit and debit card information. These wrist bands, which will be sent to attendees in the weeks preceding the festival’s start, use basic radio frequency identification (RFID).

This form of wearable payment will allow patrons to pay for food and drinks without having to carry cash or swipe their plastic.Those attending the festival will be asked to enter their credit card information prior to the festival’s first weekend and during the weekend vendors will have pay pads on which users can tap their bracelets and enter a pin number.

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