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Strategies & Market Trends : Gorilla and King Portfolio Candidates
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To: gdichaz who wrote (19941)3/13/2000 4:41:00 AM
From: Dinesh  Read Replies (1) of 54805
 
Cha2, Kumar

The cards we use at phones, soda machines or cafeterias
are not really "smart cards" (as I understand them) but
rather simple "stored value cards". They contain a very
minimal amount of silicon - made by Schulmberger, Xircom
and some other. The primary card reader vendor is Verifone,
now part of HWP. Verifone practically owns this segment.
The cards come preloaded, or can be reloaded at many places.

From what I know, "smart cards" were supposed to be an
amalgamation of - e wallet, payment to host or another
carrier of a smart card, petty cash, and some mundane data
exchange such as business cards. Thick as 2 credit cards.

I have not seen a smart card deployment yet (but I am not a
very adventurous soul.) I do wonder if it will ever take off
and for the following reasons -- if a lot of transactions
happen over the Internet which already offers e-wallets,
where is the pressing need to lighten up the wallets ?
The need for faster checkout is being addressed by other
technologies -- witness Mobil in SoCal and the IBM ad for
a grocery checkout that has yet to come to my stodgy
neighborhood :-( Insofar as exchanging business cards
goes, my mail handler already takes care of it.)

In essence I think other innovations has already made
smart cards somewhat redundant. I'd appreciate your opinion.

Regards
Dinesh
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