'Smart Cards in US Banking: Is the Chip Hip?' Report Published by Celent Communications.Business/Technology Editors BOSTON & NEW YORK--(BUSINESS WIRE)--Nov. 1, 2001 Smart cards Example of widely used contactless smart cards are Hong Kong's Octopus card, Paris' Calypso/Navigo card and Lisbon' LisboaViva card, which predate the ISO/IEC 14443 standard. The following tables list smart cards used for public transportation and other electronic purse applications. have failed to find a valuable application to support in the US market. Now firms are touting touting the making of personal representations by a veterinarian to persons who are not clients in an attempt to solicit their business. smart cards as fun and trendy in an attempt to win over converts. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Celent's latest report, Smart Cards in US Banking: Is the Chip Hip?, smart cards are unlikely to find their way into the wallets of the masses without a mandate for conversion from the card consortiums. While there is renewed interest, a strong case for smart cards continues to be elusive. The stored value, or e-purse, application bombed several years ago and the reception to securing online shopping purchases with smart cards has been lukewarm luke·warm adj. 1. Mildly warm; tepid. 2. Lacking conviction or enthusiasm; indifferent: gave only lukewarm support to the incumbent candidate. at best. In their latest manifestation, smart cards are positioned as cool gadgets to carry with the potential to offer numerous value-added benefits. "Smart card usage continues to flourish in Europe," comments Meredith Hickman Outwater, author of the report. "But without a serious problem to solve, such as fraud reduction, or consensus from a major banking consortium to transition in unison, smart cards are expected to languish in the US market." The report examines the evolution of smart cards in the US market, arguments for and against adoption, spending estimates for launching a smart card program, penetration rates by region, and future prospects. The report also highlights the efforts underway by the three major industry players: American Express American Express (NYSE: AXP), sometimes known as "AmEx" or "Amex", is a diversified global financial services company, headquartered in New York City. The company is best known for its credit card, charge card and traveler's cheque businesses. , MasterCard, and Visa. The report is available from Celent Communications, www.celent.com. 617.573.9450. NOTE: FULL COLOR CHART color chart n. An assembly of chromatic samples used in checking color vision. ALONG WITH TABLE OF CONTENTS AVAILABLE AT: http://www.celent.com/PressReleases/20011018/SmartCard.htm |
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