“There are 1.7 billion people who have cards in the world,” says Todd Ablowitz, president of Denver-based Double Diamond Group, a consulting firm that focuses on payments strategy technologies and products. “Although mobile payments is the future, you’re not going to move all that overnight to magical phones. So these are step innovations, rather than leap innovations. Some are very much needed, and some are probably not going to make it.”
Pay with points or credit?
Ablowitz especially sees the value of cards that provide security features such as one-time passcode displays that work with European chip-enabled systems as well as magnetic stripe readers.
CreditCards.com, March 1, 2011
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