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Payment Systems NEWS

MasterCard to Test RFID Card
Pilot will test whether consumers, merchants and credit card issuers value "contactless" payments.

Smart Card Companies Slash Jobs
Gemplus will eliminate 1,000 positions and Schlumberger will shed 3,300 employees amid continued weakness in the industry.

Vendors Target Amusement Parks
Protecting children and enabling cashless payments make RFID an appealing option for the entertainment industry.

New RFID Cards for the Masses
Rafsec has introduced RFID inlays that can be used to make inexpensive contactless smart cards for transit tickets.

China Embraces RFID Smart Cards
A new study says the Chinese market for contactless payment systems will soon be growing by 40 percent per year.

Gemplus Posts Loss Amid Turmoil
The troubled French smart card maker posted a third-quarter net loss of US$38.3 million, as board battle drags on.

Inside's Next-Gen Smart Card
The French company plans to introduce an RFID card that uses a 16-bit microprocessor and new encryption technology.

U.S. Smart Card Use Up Sharply
From January through June 2002, unit shipments more than doubled to 31.2 million, according to a new study.

Amusement Parks Adopting RFID
RFID is being used in attractions and as a convenient way to pay for everything from lockers to refreshments.

Sony, Philips Creating RFID Link
Consumer electronics giants are jointly developing a new RFID standard for payments and for communication between devices.


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