The newly developed IC card
is interchangeable, enabling customers to switch to another handset without losing stored data, the two companies said.
The world market for large-capacity IC cards
is estimated at 180 billion yen for fiscal 2005 and Sharp intends to take a market share of 10-20%, Sharp officials said.
Authentication systems for ATMs, in particular, afford a high level of security when used together with an IC card
. Because users find these systems easier to use, banks and other financial institutions are adopting and introducing them with the aim of upgrading service for customers.
Users of the service will have to install a terminal adapter at home and will have to insert an IC card
to confirm their identity, the sources said.
The new IC card-based service, called ''Edy,'' developed by Sony, will enable users to make payments at stores by simply showing the IC card
to electronic cash registers without swiping it through the machines.
said Wednesday it will introduce IC card-based payment at its amusement arcades on a trial basis starting in July, using an IC card
system developed by Schlumberger Ltd.
And DAILY RFID have obtained the National Integrated Circuit Card Register Certificate, IC Card
Manufacture License and ISO9001 Quality Management System Certification.
The IC card
system was created last year under the amendment of the law on resident registration.
Users are to be able to withdraw money from their bank accounts and pay for goods and services by inserting an IC card
into computerized terminals at retailers.