Some people think the U.S. future for smart cards reads like "Waiting for Godot," but chances are that it will read more like O'Neill's "The Iceman Cometh"; when it arrives, it won't be nearly as great as expected.

This doesn't mean smart cards are a bad idea (most sources agree that merely loading a stored value application onto a card isn't enough to make a business case for the cards) or that they can't succeed in the United States.

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