Smart Cards (Emerging Industry Overview)

This paper provides an overview of the smart card industry, primarily in the United States. These are devices similar in size to a credit card that contain a microprocessor chip capable of storing large amounts of memory.

Emerging Industry Overview: Smart Cards

Industry Snapshot

After a decade of slumber, the U.S. smart card business began to catch up to its European and Asian industry counterparts in the first decade of the twenty-first century with everyone from Microsoft Corp. to American Express Co. to the Washington, D.C. subway system getting in on the action. While smart cards--credit-card-like devices containing integrated circuits for memory and processing power--have been the rage in Europe and Asia for years, introducing them in the United States had been slow and arduous. However, American Express led the way when it put marketing muscle behind...

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