1. Smart card trick
- Author
-
Authers, John
- Subjects
Citicorp -- Services -- 00303440 ,Chase Manhattan Bank N.A. (New York, New York) -- Services -- 00301582 ,Visa Inc. -- Services -- 00213973 ,MasterCard International Inc. -- Services -- 00227560 ,Smart cards -- Services ,Banking, finance and accounting industries ,Business ,Business, international - Abstract
Visa and MasterCard, the largest card issuing associations in the world, have linked with leading US banks Citicorp and Chase Manhattan to launch a pilot shared smart card venture in New York, NY. This will involve the use of greatly subsidized smart card readers by more than 500 merchants and retail outlets. The banks are offering new smart cards to all their customers, and both are also making available 'stand-alone' chip cards for people who use other banks.
- Published
- 1997