Multiple applications on one card bode well for the technology’s future
It’s an interesting time for contactless smart card technology. The payment cards are in the hands of consumers but now it’s a matter of getting them to use them.
The next year may be tough in terms of numbers but there also may be some important developments as more readers are deployed and different form factors released. Beyond that it’s a matter of adding additional functionality to the card.
Last year was a good one for some supplying the payment cards technology. “We saw a market growth in issuance and demand in 2008,” says Charles Walton, executive vice president for payments for INSIDE Contactless. “For INSIDE, it was a good year, as we shipped 65 million chips for Visa- and MasterCard-branded cards” with about 90% going to North America. In the U.S. the company has shipped 110 million chips since 2005, he adds.
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