This month, let’s consider the opportunities of small storage devices, especially with chips. A decade ago, the idea of stored value smart cards using intelligent chips was laughed at by many banks, who pointed to the failure of smart cards with consumers as a good reason not to take chips seriously. Now we have EMV (Europay, Mastercard, Visa) programmes being rolled out worldwide, with chip & pin lauded as the major new authentication method. Contactless chip cards from American Express, MasterCard and Visa are being deployed in their millions.
Missing a chance
