Magnetic stripe cards are on their way out the door, according to electronic transaction solutions provider Keycorp.
While its smart card business remains quiet in the Australian market ASX-listed electronic payments company Keycorp is improving its rate of success through the provision of point-of-sale pre-paid communications.
Government attempts to build the payments infrastructure required for the fledgling welfare access card would cost over AU$500 million and represents a "humongous" IT project risk, according to a group of banks and e-payment providers.
Mobile payment solutions are entering a strange new world in an initiative currently being piloted by BankWest, EFTPOS provider EftNet and smartcard company Keycorp.
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