Hitachi Ltd., a leading maker of chips for smart cards, announced development and licensing deals that indicate a growing commitment to the contactless variation of the technology.

The agreements-with Philips Semiconductors of the Netherlands and with two Colorado-based companies-were not directly related, said Hitachi official Thomas Horton. But they significantly strengthen Hitachi's arsenal for attacking one of the biggest areas of anticipated growth in electronic transactions: high-volume operations such as mass-transit entry points where it becomes impractical to insert cards into terminal slots and wait for acknowledgements.

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.