MasterCard International Inc. said it has completed a critical test of smart card technology according to specifications it developed with its European affiliate Europay and Visa International.

The announcement is just one of what could be a flurry of developments this year as the credit card associations pave the way for the new technology.

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.