Smart Card Alliance to address FTC meeting
Smart Card Alliance Executive Director Randy Vanderhoof will address attendees at the Federal Trade Comission’s “Town Hall Meeting” on the subject of contactless and mobile payment. “Pay on the Go: Consumers and Contactless Payment,” will take place on July 24, 2008 in Seattle, Washington.
Contactless payment cards are becoming more prevelant in the U.S. Nearly 10% of Americans have used or own a contactless payment card, according to research conducted for the Smart Card Alliance by Javelin Strategy and Research in April. According to JupiterResearch, there are 35 million contactless payment cards in the United States.
“The FTC usually starts looking at new technologies after they’ve passed the early adoption phase and just before they start to take off,” says Vanderhoof. “The fact that they would organize this meeting now underscores the momentum for contactless payments in the U.S.” ![[end]](/resources/bullet/contactlessnews-4.gif)
