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Contactless Payments Where039s Debit and who will benefit
The electronic payments industry has seen rapid change in the last 24 months from the standpoint of payment mix (decreased checks and cash, with increased debit and almost flat credit purchases) to the advancement of new form factors such as EMV smart cards in Asia, Europe and parts of South America, to new contactless technologies such as PayPass (MasterCard), Wave (Visa), Expressway (Amex) and QuicPay (JCB).
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