ContactlessNews | Thinking Blink: JPMorgan Chase gets a jump on the smart card market, one blink at a time

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Thinking Blink: JPMorgan Chase gets a jump on the smart card market, one blink at a time

Tuesday, August 23, 2005

By Dee Ann Kuhn, Contributing Editor

It has a catchy name, it’s convenient to use and, most importantly, it offers card members peace of mind. That’s what JPMorgan Chase is banking on in promoting its Chase with “blink” contactless credit card. Chase introduced the card in June in an effort to be the first to pave the way for a national switch to smart cards in the U.S. To date, Chase has issued two million blink cards to Visa and MasterCard credit cardholders in Colorado and Georgia and it’s continually adding new merchant locations to the 400-plus initially slated for the rollout.

There are 954 words in the rest of this article …

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Report: Smart card market sets to reach 10.9 billion by 2015

Global Industry Analysts Inc. released a report forecasting the outlook on the global smart card market to reach 10.9 billion units by 2015.

GIA credits the growth driven largely by major initiatives in the financial, government and security sectors, with the telecom sector at the way ahead of the pack as the largest end-user. Increasing usage of contactless technology, newer applications and mandatory EMV migration across countries are also major drivers boosting the global market for smart cards.

Report: smart card market to see double digit growth through 2014

Reportlinker.com expects the global smart card market to grow 12 percent through 2014, it says in a new forecast report, according to ATM Marketplace.

“Smart Card Market Forecast to 2014” is a global look at the shipment of smart cards. Reportlinker.com estimates that shipments will be around 6.1 billion units in 2011, an 11% increase over 2010.

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MarketsandMarkets has published a new report predicting that the NFC market will reach over $10 billion by 2016 at a compound annual growth rate (CAGR) of 38% from 2011 to 2016.

PayPal trials mobile payments at Home Depot

PayPal has begun testing new mobile payments software at five Home Depot stores in the U.S., according to American Banker.

PayPal’s system offers an alternative to NFC-based mobile payments solutions like Google Wallet, enabling consumers to make payments directly from their PayPal balance by simply punching in their phone number and PIN. Merchants also have a comparatively easier time adopting the system, as it only requires updated software rather than new point of sale equipment.

Visa chip cards hit 1 million in U.S.

Visa has announced that more than 1 million EMV chip-enabled cards have been issued by U.S. financial institutions as of December 31, 2011.

Just 18 months ago there were no Visa-branded EMV chip cards issued in the U.S. according to Visa’s Stephanie Ericksen, who attributes the sudden growth to U.S. issuers accepting Visa’s EMV and mobile payments road map.

Chase to issue EMV cards in U.S.

Updated with comments from Chase

Chase Card Services, a division of JPMorgan Chase & Co., announced it will issue a credit card with EMV chip technology.