Responding to comments on its proposed antitrust settlement with Electronic Payment Services Inc., the Justice Department has assured the electronic banking community that the company's implementation of smart cards will not be exempt from antitrust scrutiny.

Concerns about the issue were raised by a sentence in a proposed final judgment composed in April that said EPS "may restrict the branding of access cards that contain an integrated computer circuit chip with a stored value function."

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.