Japan e-money providers agree on common terminal

The providers of four major electronic money systems in Japan have agreed to adopt a common reader/writer terminal from next year. The agreement should open the way for wider acceptance of the systems and improve convenience for users. Infoworld reports.

"All four companies operate systems that are based on the same basic technology -- Sony Corp.'s contactless Felica smartcard platform -- but they require that retailers install a dedicated reader/writer terminal for each e-money system. As a result, it's common to find stores that accept only one of the several e-money brands in operation.

Under the new agreement, which was announced on Wednesday in Tokyo, the common terminal will be rolled out from January."

emily | 2:48 PM | SMS and Micro Payments |
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