Forum Moderators: buckworks
Visa and Mastercard are promoting the use of "EMV" to replace magnetic stripe cards. EMV - www.emvco.com - smart card technology uses additional security functions to make the card transaction more secure
Amex is using "Java" technology to achieve the same thing as EMV, Java is an applet, [wwws.sun.com...] that allows a virtual machine to run on a number of devices such as your mobile phone, toaster etc.
There are electronic purses that focus on small value transactions in use around the world. For more informaton, search on "electronic purse."
[edited by: DaveAtIFG at 6:18 pm (utc) on July 22, 2004]
[edit reason] URLs removed [/edit]