[LINK] 'POS shock : are you ready for 'chip' and PIN?'

[Bernard Robertson-Dunn]

 On Tue Jul  3 15:11 , Geoffrey Ramadan <gramadan at umd.com.au> sent:

>Banks are not waiting.

Yes they are.

a) Paypass is cash, not credit
b) Paypass is low value
c) Paypass is being trialled, it is not widespread
c) Paypass is not replacing the magstripe infrastructure, it's in addition.

Telstra is also trialling its NFC technology - next year
http://www.computerworld.com.au/index.php/id;958278670;fp;4194304;fpid;1

I'm talking about widespread replacement of magstripe for credit cards.

-- 
Regards
brd

Bernard Robertson-Dunn
Sydney Australia
brd at iimetro.com.au