Survey Predicts Majority of Retailers Will Accept RFID Payments by Fall 2008

Retailers are embracing RFID technology, with a growing number accepting or planning to accept RFID-enabled (contactless) payments in the coming months. Relatively few, however, have a clear roadmap on how to maximize a return on the investment required to adopt the payment technology, according to a new report from the Aberdeen Group, a Boston-based market research firm. More than 20 million RFID-enabled American Express, MasterCard and Visa credit and debit cards have been issued over the past 20 months to consumers in the United States alone. Last fall, Aberdeen interviewed 160 retailers—most located in the United States, with a few based in Europe or Asia. Of those surveyed, nearly 20 percent said they are already accepting RFID payments.