Europay International raised the smart card ante last week, in more ways than one.

In addition to announcing an ambitious electronic purse program called Clip, which attracted formal commitments from banks in at least three countries, the European association upped its estimate of the savings available from converting to chip technology and presented evidence that both consumers and retail merchants are receptive to it.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.