Innovative, New Payment Devices Revolutionizing Contactless Payment Market
Summary
Atlanta, GA, July 24, 2015 --( The global contactless payment market is booming, in response to consumer demands for safe, quick and convenient ways to pay for purchases.Both FEIG and PureWrist demonstrated innovative contactless payment systems using Near-Field Communication (NFC) technology at the CARTES Secure Connexions America conference, held May 5-7 in Washington, DC.As an OEM supplier to system integrators and resellers, the company has to date sold well over 1 million RFID readers, delivering products that demonstrate 99.99 percent reliability.In fact, the market is forecast to reach $9.88 billion by 2018, growing at a compound annual rate of 18 percent, according to analyst firm Research and Markets.Both FEIG and PureWrist demonstrated innovative contactless payment systems using Near-Field Communication (NFC) technology at the CARTES Secure Connexions America conference, held May 5-7 in Washington, DC.As an OEM supplier to system integrators and resellers, the company has to date sold well over 1 million RFID readers, delivering products that demonstrate 99.99 percent reliability.