RP Stands to Gain with Adoption of New Smart Card Technology

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The world is slowly migrating from close contact technology to the super convenient contactless smart technology. And the Philippines stands to lose in the ever-increasing connectivity game should it continues to use old mode technology, says a leading local card producer.Allcard Philippines marketing manager Franz Reyes says that countries around the world are adopting the contactless smart card solutions to enhance services and transactions.Contactless card technology, which has been in existence for over two decades now, is being used by banks and relied upon by governments in enhancing their services.Reyes says that most transactions around the world use secured smart card solutions technology, created for convenience and faster transactions. He said that the technology has its own IT system and is currently available in the Philippines, however it is underutilized."The danger" says Reyes, who has been pioneering smart card technology for a decade now, "is the possibility of our system not being recognized by other countries which use contactless card technology. Asia is modernizing. With the possibility of ASEAN developing as a regional economy, how can we Filipinos transact in, say Taiwan, Japan, Singapore or even Thailand if we don't know have or we don't know how to use contactless smart card technology?"Contactless smart card technology, says Reyes, empowers the user to avail of the tremendous benefits of a fully interactive world.With just a swipe of the smart card, users instantaneously connect themselves to a system which allows them to do transactions. Users can modify or add information stored in a smart card's 32 kb memory. Using a reader, the card can be read by a system and given user-privileges.Credit card companies and banks first began using contactless smart card technology a decade ago. The potentials of the technology are enormous that governments are beginning to use it to enhance and improve public services.The Kuwaiti government, for example, has issued 3 million electronic multi-application ID cards to its citizens as part of its efforts to comply with the Gulf Cooperation Council (GCC) regulation designed to allow citizens of all Gulf countries to travel between member states. …