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Payments: Fractured World Of Contactless Cards: Banks, card issuers and merchants must coordinate to create the infrastructure for contactless card adoption. The potential is enormous, but the path forward is murky.

To grow its Zip contactless payment platform, Discover Network has in place the chip orders, the merchant acquirer programs, terminal hardware deals and, of course, the user base.

Theres only one thing missing: the cards. Discover has issued none to date, and instead is testing the waters for prospective mobile phone payments technology on the Near Field Communications (NFC) open standard.

Meanwhile, Washington Mutual went headlong this March with plans to issue to its customers 12 to 15 million contactless debit cards that will work on the widespread MasterCard PayPass platform. With that many in circulation, Wamu can lay claim to being the largest U.S. issuer of ...

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