Fest, Glen
June 2008
Bank Technology News;Jun2008, Vol. 21 Issue 6, p16
Trade Publication
The article reports on the move of several financial industries in creating the infrastructure for contactless card adoption in the U.S. It cites that Discover Network has the chip orders, the merchant acquirer programs and there was only thing missing, the cards. It notes that Washington Mutual has planned to issue to its customers 12 to 15 million contactless debit cards that will work on MasterCard PayPass platform. All these strategies adopted by major issuers were varied as they were risky.


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