2013: The Year Payments Finally Emerge From the Dark Ages?

ATD: What technologies from the 1960s do you still use today? What about from the 1990s?

Most of us don’t use rotary phones, beepers, dial-up Internet or fax machines anymore. Yet we still use magnetic stripe credit cards and outdated point-of-sale systems. Payments technologies continue to lag far behind the technological adoption curve, and adopting new technologies as they become available has been a slow process, with hurdles that include legacy infrastructure and costs.

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