RFID is getting its chance in the payment card industry but can it succeed where others have struggled?
Bank-issued payment cards have traditionally been considered among the least likely markets for contactless cards to crack. In North America, advanced payment technologies have struggled to gain ground because of the deeply entrenched base of magnetic stripe point of sale terminals. In Europe and Asia contact chip cards have been making steady headway due to greater consumer acceptance and the pressures to combat fraud via the Europay Mastercard Visa (EMV) standard for chip card usage.
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