UPGD 'Smart Card' potential $2.4 Billion World Wide Message Board

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Microcap & Penny Stocks : UPGD 'Smart Card' potential $2.4 Billion World Wide

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To: Digital-Planet who wrote (37)	1/28/1999 12:55:00 AM
From: Digital-Planet	Read Replies (2) of 203

Smart cards are making some headway in U.S., mostly for applications involving database access. A handful of pilot projects are pointing the way to the cards' broader use. Already widely used in Europe for almost a decade, a smart card — with its embedded microprocessor — can start your car, pay your highway tolls, let you into your office, provide secure access to your company's database, allow you to make purchases and even place calls from anywhere in the world on your portable phone. A smart card can securely store as much as 500 times more data than traditional magnetic-stripe cards. But the U.S. is behind the rest of the world in adopting these cards. Last year, only 10 million smart cards were used in North America, compared with 684 million units used in Europe, according to research firm Frost & Sullivan in Mountain View, Calif. Shipments to the Asia-Pacific region totaled 124 million, and those to Africa and the Middle East hit 105 million.

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