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Watch Doubles As Credit Card

POSTED: Tuesday, January 27,
UPDATED: 5:15 pm EST January 27, 2004

Timex hopes its watches are known for more than just the slogan "takes a licking and keeps on ticking."

  SURVEY
New watches not only tell time but can pay your bills. They work like a debit card. You set up an account and when you pay the bill, just flash the front of the watch in front of the sensor. Would you use one of these watches?

Timex is selling some new watches that not only tell time, they can pay your bills.

The Smart Pass watch can buy gas at more than 8,000 ExxonMobil stations nationwide. In the Boston area, the watch can buy groceries at select Stop and Shop markets and in Chicago and northwest Indiana, the watch can be used at more than 440 McDonald's restaurants.

The watches work just like a debit card. You set up an account and when you pay the bill, just flash the front of the watch in front of the sensor.

Timex Speed Pass watches look like any normal watch and sell for about the same price.

Timex warns you to be careful with the watch. Treat it like a debit card and make sure it's always in a safe place.

Information on the Speed Pass watch is on the Timex Web site.

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