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"blink" - JP Morgan Chase to Launch Millions of Contactless Credit Cards

Tags » Card Issuers, Card Technology, Contactless Payments »

Robin Sidel reports for the Wall St. Journal on plans by JP Morgan Chase to issue millions of new credit cards based upon contactless chip technology.

"It's our intent to create this market by issuing millions of cards," says Tom O'Donnell, a senior vice president in J.P. Morgan's credit-card division.

Sidel reports that Chase's announcement of this new card program is scheduled for tomorrow.

Posted: May 18, 2005 09:35 PM Pacific | Permalink | |

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