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Technology: Getting a Foothold |
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While 2008 may not be a year that goes down as the dawn of many new transaction technologies, it will likely see several recent innovations begin to find acceptance in the marketplace.
“I don’t thing there’s been a plethora of new technologies implemented or introduced,” says Point & Pay Inc. General Manager George Devitt. “We’ve seen slow but greater adoption of technologies introduced in prior years.”
Technologies looking to make inroads in 2008 include contactless smart cards, wireless terminals for sitdown restaurants, PCI and mobile banking using cell phones. All these technologies point toward faster, more secure and consumer-convenient trends. And while the technology for all has existed from a few years in some cases to a decade in others, none has seen significant market penetration in the United States in the past.
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