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Visa’s EMV and Mobile Payments Strategy Shakes Up the U.S. Smart Card Industry

Events that shake and rattle the foundations of the U.S. smart card industry are rare events–almost as rare as the East Coast experiencing a 5.9 earthquake and a major hurricane in the same week. You have to go back to August 27, 2004, when former President George W. Bush signed HSPD-12, the policy directive for the common identification standard for federal employees and contractors for the first such event in the new century. The second happened this month, on August 9, when Visa announced that they were planning to accelerate the migration for the U.S. to EMV contact AND contactless chip technology. Read full letter »

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