Will Standards Speed U.S. Smart Card Acceptance?

From: Bank Technology News | Date: July 1, 1999| Author: Hallerman, David | Copyright information

Why do many Europeans use smart cards daily, while Americans use chip-based cards about as often as they choose to watch soccer over baseball?

Fear of technology isn't the barrier. Personal computers and the Internet, for example, are more popular in the United States than anywhere else in the world. But when it comes smart cards, U.S. consumers aren't interested. A recent report from Dataquest Inc. predicts that by 2002, Europe will rake in 47.8% of smart card sales, t...

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