Originally Posted by
tmiw
Also, customers aren't really going to start demanding it in large numbers for a while due to our general extreme distrust of banking technology. (I suspect that's what killed contactless cards here, since they were around back in 2007-2010 or so; the only reason NFC wasn't immediately dismissed this time, IMO, is because authentication is basically mandatory with the phone-based systems.) The question then becomes: how long will the banks wait before concluding that NFC is a success or a failure?
If you notice, most CC processing terminals are bank terminals and not POS terminals in Europe. Very few are fully integrated.
On that note, I'm honestly surprised that the US isn't a predominantly cash-based country like Japan or Germany, though I guess banks did condition us to use cards over a span of decades.[/QUOTE]
What? And give up on the possibility of constantly living in debt?
