Though U.S. banks have not been on the fast track to smart cards, a few are climbing aboard some transportation industry initiatives.

First Union Corp., which showed its enthusiasm for smart cards in Visa's Atlanta Olympics trial in 1996, has teamed up with the Washington Metropolitan Area Transit Authority to issue a cobranded fare card with a chip.

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.