March 24, 2005
RFID In Credit Cards To Boom In Asia
Fusion Consulting has authored an RFID report that affirms that the use of contactless payment methods for public transit systems is the most popular application of RFID-enabled payment devices in Asia. It also predicts that credit cards with RFID chips will become a norm in Asia, if card companies can implement RFID into existing networks. The research for this report was attributed to sources within the industry, RFID vendors, and credit card executives. RFID Journal writes:
Based on the fact that few of the individuals consulted for the report had a complete or accurate understanding of how RFID works and how the user's identification information on RFID payment devices is secured, Fusion's report concludes that RFID providers need to educate consumers about the safety of RFID systems.
Read more: RFID-Enabled Credit Cards Apt to Lead
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