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HolidayBuyer's Guide
Tech Industry

Short: "Chip card" usage to increase

As shoppers try to simplify their banking and shopping needs with one card, shipments of "chip cards" are expected to jump from 774 million in 1996 to 3.4 billion by 2001, as reported by Reuters. These cards act as a debit and credit card and can record a user's banking or health information. The top-selling region for chip cards is Europe, which accounted for 90 percent of card sales in 1995, according to market research firm Dataquest.

As shoppers try to simplify their banking and shopping needs with one card, shipments of "chip cards" are expected to jump from 774 million in 1996 to 3.4 billion by 2001, as reported by Reuters. These cards act as a debit and credit card and can record a user's banking or health information. The top-selling region for chip cards is Europe, which accounted for 90 percent of card sales in 1995, according to market research firm Dataquest.