Chip card update from CardTech/SecurTech
"Even American Express Co. -- the company that led the industry into smart cards with its launch of Blue in 1999 -- admitted for the first time that the program has been slow going of late. David Bonalle, the vice president and general manager of advanced payment enterprise development at American Express, said that the problem, in a nutshell, is that any new application requires a $300 million investment in infrastructure."
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