How many contactless cards have been issued in the United States? What are the expectations for growth in the market?
Industry sources estimate that over 17 million cards have been issued in the United States since mid-2005. The number of contactless cards in 2007 could be two or three times the 2006 volume as more portfolios become enabled, renewal cycles expand the penetration of contactless payments within existing portfolios, and new acquisitions occur. However, as with any new technology, it is very difficult to predict future volumes.
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