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Standards needed for contactless smart card market

May 19, 2005

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Finextra: A mishmash of standards for contactless smart cards is likely to restrain the growth of the technology at the point-of-sale, according to the latest market analysis from Frost & Sullivan.

The consultancy says 121.7 million contactless smart cards were shipped in 2004, and this figure is expected to reach 847.3 million in 2009.

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