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The outgrowth is something called " contactless payment" - already available at a gas pump or tollbooth near you.
With more than a decade of contactless payment experience, the company has delivered tens of millions of chips to the market.
Despite the possible security benefits, there is likely to be pushback for contactless payments from even more retailers, she said.
A contactless smart card works in proximity to a reader.
It's a shield designed to protect contactless smart cards from surreptitious access.
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