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By Ashish Rajan, CardTrak.com

ExxonMobil has introduced "Instant Activation" for its "Speedpass" contactless payment system. Consumers can now open and use their "Speedpass" account within two minutes via a hand-held computer. Through December 31st customers who enroll and activate a new account at an "Instant Activation" store event will earn a 5-cent per gallon rebate for a 90-day period from the date of activation (up to a maximum of $20 per account). In states where the rebate is prohibited by law customers will receive a $20 "ExxonMobil Cash Card." Exxon launched the "Speedpass" program in 1997 and has issued more than six million fobs to-date in the USA. "Speedpass" is accepted at more than 8,800 Exxon and Mobil retail locations. For more information visit www.speedpass.com.