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Will Smart Card Payment (e-Wallet) become popular in America in 2008?
nilimit ( Score Rank: User did not make predictions in the last 30 days ) nilimit  |  closed on 01-Mar-2008 (748 days ago)
Smart cards with contactless interfaces are becoming increasingly popular for payment and ticketing applications such as mass transit. Visa and MasterCard have agreed to an easy-to-implement version currently being deployed (2004-2006) in the USA. Obviously smart cards are not widely adopted here yet. The smart card systems like Octopus in HK and EZ-Link in Singapore have completely changed everyone paying habit. Will we experience the same change in N.America in 2008?
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Comments (7)
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  1. stevekosmas stevekosmas 795 days ago
    0 vote This is Good This is Bad
    predicted: [ Most Likely ] [ 100% ] No we stick with the ways now
    (more)
    no way
  2. will101 will101 806 days ago
    0 vote This is Good This is Bad
    predicted: [ Most Likely ] [ 82% ] No we stick with the ways now
    (more)
    I think the current credit card payment method is easy enough. Some gas stations don't even require your signature. I don't see a big need for a faster payment method.
  3. supermanchander supermanchander 807 days ago
    0 vote This is Good This is Bad
    predicted: [ Most Likely ] [ 99% ] No we stick with the ways now
    (more)
    What is the definition of popular here? 50% of the cards in circulation will have smart card component by YE 2008? 50% of machines in the US would be able to read those cards? 50% of all credit card transactions will be through smart cards? In all the above three examples, the answer is a definite NO.
  4. supermanchander supermanchander 807 days ago
    0 vote This is Good This is Bad
    What is the definition of popular here? 50% of the cards in circulation will have smart card component by YE 2008? 50% of machines in the US would be able to read those cards? 50% of all credit card transactions will be through smart cards? In all the above three examples, the answer is a definite NO.
  5. oilman oilman 812 days ago
    0 vote This is Good This is Bad
    predicted: [ Most Likely ] [ 60% ] Ya smart card payment dictates
    (more)
    I think the touch-less payment method is perfect for small purchases. However, it will only get popular in denser cities like NYC, or LA.
  6. Guru Guru 819 days ago
    0 vote This is Good This is Bad
    predicted: [ Most Likely ] [ 79% ] No we stick with the ways now
    (more)
    Visa & Mastercard is just testing this in New York City, one of the most dense city in US. Even if it is successful, it will take 5 to 10 years to get this to be popular nationally. Not likely to happen in 2008.
  7. nilimit nilimit 819 days ago
    0 vote This is Good This is Bad
    predicted: [ Most Likely ] [ 78% ] No we stick with the ways now
    (more)
    perhaps our population is less dense here ....
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