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Contactless and the Dawn of a New Payment Era |
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he number of contactless devices has nearly doubled in the last year and will capture 15% of the prime market by 2011, according to Celent.
After years of testing contactless payment devices, many financial institutions are now offering these devices to their customers nationwide. Three years have passed since American Express launched the first pilot in July 2002. Today, contactless devices are being issued by banks such as American Express, Bank of America, Chase, Citibank, KeyBank, and Wells Fargo. This is proving to be a big year for the contactless payment industry with over 30,000 merchant locations in the US now capable of handling a contactless transaction and over 13 million contactless devices in the hands of consumers. The number of devices has nearly doubled in the past year, according to a new report from Celent, Contactless and the Dawn of a New Payment Era.
http://www.celent.com/PressReleases/20060905/Contactless.htm |
