The Global Chipcard Alliance won a favorable reception for its ambitious plan to let any smart card be accepted in any card-reading device, but members were under no illusion about the difficulty of making the proposed technical standard stick.

"It's a challenging task, like most initiatives in the smart card business," said Matthew Miller, senior manager at Mondex USA, the MasterCard International smart card affiliate. "But it's achievable, provided the different organizations can cooperate and figure out how to best commercialize this process."

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