Nice walk down payments memory lane going back to 90's. If you weren't tracking payments industry very closely since then this article is especially enlightening. Karen nailed it. But nothing on digital/mobile wallets? Also since EMV does not solve ecommerce fraud and a majority of merchants won't adopt EMV, even in 2015 (maybe not for years or until big loss hits home with merchants), there is still room for an innovative all-in-one-card solution. Even once EMV is adopted this solution will solve most all card fraud. I have such a solution that is very different from converting plastic card to piece of hardware. Serious partners with tier 1 resumes or resources feel free to contact me about it. I've refrained from trying to deliver to market without great team and resources.