TEST OF CASHLESS COMMERCE VIA SMART CARDS TO END

NEW YORK -- New York City residents will need to wait a while longer to live in a cashless society, with the smart card pilot on Manhattan's Upper West Side facing a shutdown at the end of the year.Citibank and Chase Manhattan Bank here teamed up with Visa U.S.A., San Mateo, Calif., and MasterCard International, Purchase, N.Y., to launch New York's first taste of smart card technology last October."Our

NEW YORK -- New York City residents will need to wait a while longer to live in a cashless society, with the smart card pilot on Manhattan's Upper West Side facing a shutdown at the end of the year.

Citibank and Chase Manhattan Bank here teamed up with Visa U.S.A., San Mateo, Calif., and MasterCard International, Purchase, N.Y., to launch New York's first taste of smart card technology last October.

"Our goals were to understand the product, and how to deploy the technology,"

Register to view the full article