Just curious - I'm in the UK and have a bank card that I can just sort of wave at a payment terminal for transactions = £15 - handy when buying lunch. This seems a more elegant solution - do you have these in the US?

Sorry, but the article refers to American trade associations. I live in a country (the UK) that used to rule a large part of the world, and be by far the most advanced in industry and technology. This is no longer true. If the US wants to go the same way, just keep on stifling innovation in this way. There's nothing to stop China, India, Sweden etc etc from innovating with complete freedom.

This is not intended to start a flamewar; I've been to the US and enjoyed it, and I'd be the first to defend all the good things that have come from America (despite the current administration).