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Are mobile payments the smart cards of the aughts?


Abstract: This article compares the much anticipated but ultimately stalled smart card revolution of the 1990s with the current expansion of mobile payment platforms, and asks how mobile payments fit into the larger payment system.

Keywords: Mobile commerce; Smart cards;

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Provider: Federal Reserve Bank of Chicago

Part of Series: Chicago Fed Letter

Publication Date: 2007

Issue: Jul

Order Number: 240