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| Contactless Payment Cards Offer Convenience and Speed, Raising Interest Among U.S. Retailers |
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Consumers and retailers alike are attracted to the dual advantages of fast and convenient payment using contactless technology, generating more interest and numerous implementations and pilot trials here in the United States, according to a new Smart Card Alliance white paper. "Contactless Payment and the Retail Point of Sale: Applications, Technologies and Transaction Models" provides a comprehensive look at several existing contactless programs around the world, presenting details on the numbers of cards issued, the technology used, the transaction model and any additional applications involved. Other topics are: - The benefits and costs of contactless payment for retailers and issuers - The case for using contactless technology for payment - Business-case and technology considerations - Contactless payment technology options, including both RF and other technology alternatives. - Contactless payment transaction models Alliance members from 22 organizations, both public and private, were involved in the development of the white paper. Lead contributors included representatives from ASSA ABLOY Identification Technology Group, Atmel, Cubic Transportation Systems, First Data Corp., JCB International Credit Card Co., MasterCard International, NTRU Cryptosystems, Inc., Philips Semiconductors, Potomac Systems and Technology, Proton World, SchlumbergerSema, Smart Commerce Inc., Washington Metropolitan Area Transit Authority (WMATA), Visa International and Visa USA. The report, written for executives and managers, is available to both members and non-members at no charge at www.smartcardalliance.org. http://www.smartcardalliance.org |
