RFID Credit Card Report

April 05, 2006

Jimmy Atkinson of Find Credit Cards has written a six-page research paper on RFID payment systems: Contact less Credit Cards Consumer Report 2006. The report describes the RFID technology behind the new systems being rolled out by American Express, Visa, and MasterCard and also addresses security concerns.

By the end of 2006, it is estimated that between 35 and 50 million credit and debit cards will be contactless and available for use in 25,000-50,000 merchant locations in the United States alone.2 Many experts are anticipating that this new technology could eventually obsolete the magnetic stripe, at which point all of the world's electronic payments would be contactless.

You can also apply for one of these RFID credit cards and download the report as a PDF from their contactless credit card offers page.

Posted by cmccarter

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