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    card issuers like American Express, Visa and MasterCard introduced ‘contact’ smart cards with chips in them as a means to combat fraud.

    Merchants and banks in the United States were initially

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    Last year, much talk followed the release of credit cards from Chase with which the bank refers to as ‘Blink’, their version of contactless Visa or MasterCard. While the technology behind ‘Blink’ may seem new, the idea behind contactless credit cards isn’t. Radio Frequency Identification, or RFID has been used by Exxon-Mobil and others since the late 90’s and the technology and concept behind RFID has had it’s beginnings in the 1920’s.

    But it was only in the turn of this century that credit card issuers began to look at contactless credit card technologies seriously. With incidence of credit card “skimming” occurring more often, many consumers had been losing confidence on the security provided by traditional magnetic stripe cards. The search was on for a replacement and card issuers like American Express, Visa and MasterCard introduced ‘contact’ smart cards with chips in them as a means to combat fraud.

    Merchants and banks in the United States were initially

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    ay seem new, the idea behind contactless credit cards isn’t. Radio Frequency Identification, or RFID has been used by Exxon-Mobil and others since the late 90’s and the technology and concept behind RFID has had it’s beginnings in the 1920’s.

    But it was only in the turn of this century that credit card issuers began to look at contactless credit card technologies seriously. With incidence of credit card “skimming” occurring more often, many consumers had been losing confidence on the security provided by traditional magnetic stripe cards. The search was on for a replacement and card issuers like American Express, Visa and MasterCard introduced ‘contact’ smart cards with chips in them as a means to combat fraud.

    Merchants and banks in the United States were initially

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    d RFID has had it’s beginnings in the 1920’s.

    But it was only in the turn of this century that credit card issuers began to look at contactless credit card technologies seriously. With incidence of credit card “skimming” occurring more often, many consumers had been losing confidence on the security provided by traditional magnetic stripe cards. The search was on for a replacement and card issuers like American Express, Visa and MasterCard introduced ‘contact’ smart cards with chips in them as a means to combat fraud.

    Merchants and banks in the United States were initially

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    nce of credit card “skimming” occurring more often, many consumers had been losing confidence on the security provided by traditional magnetic stripe cards. The search was on for a replacement and card issuers like American Express, Visa and MasterCard introduced ‘contact’ smart cards with chips in them as a means to combat fraud.

    Merchants and banks in the United States were initially

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    card issuers like American Express, Visa and MasterCard introduced ‘contact’ smart cards with chips in them as a means to combat fraud.

    Merchants and banks in the United States were initially uninterested as the initial costs seemed high and there didn’t seem to be much benefit to them other than added security on the consumer’s part. Still, regular ‘contact’ smart card technologies were adopted widely in the Asia Pacific region in the face of increased cases of credit card fraud. In other words, it made economic sense.

    Meanwhile in the States, credit cards were starting to become accepted at more and more ‘frontline’ retail outlets and stores such as convenience stores, gas stations, movie theatres, fast-food restaurants and drive-throughs. The stage was set for contactless credit cards to be introduced in the markets, as the technology would allow for faster transactions at the point of sale.

    The technology behind contactless credit cards is simple on

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