The U.S. may be next to see a surge of contactless credit cards, following other major markets around the world. In many locales similar to the U.S., consumers tap to pay for about 20 of all in-store transactions using Near Field Communication-equipped cards, far surpassing the number of mobile payment users. But it’s unclear whether […]
Read MoreResearch from comparison website GoCompare Money has shown that contactless payments have become the top choice for UK adults, with more than 75 using this method of payment in the past year.
Read MoreNow that the U.S. EMV transition is nearly four years old, financial institutions can focus on the next phase of digital payments: contactless cards. While contactless cards have had their fits and starts over the past few years in the U.S., a recent study from A.T.
Read MoreAs busy consumers with on-the-go lifestyles, we are always looking for ways to save time and simplify our daily routines, from finding the fastest route for our commutes, the shortest line at the grocery store, or the easiest way to order ahead.
Read MoreApple Pay to account for 1 in 2 contactless mobile wallet users by 2020 The number of mobile payments users who tap to pay using a contactless payment solution provided by their mobile devices maker will grow to 450 million people worldwide by 2020, according to a new forecast from Juniper Research.
Read MoreAccording to Westpac research and recent statistics by Visa, Australia is leading the world in contactless payments, with $325.4 million contactless payments made in 2017 – up from $258.6 million in 2016.
Read MoreContactless payments scored big at the FIFA World Cup in Russia, with 50 percent of Visa purchases in tournament venues utilizing contactless transactions through cards, mobile devices and wearables. The popular sports event enabled Visa to highlight new payment technologies that save fans time, while keeping their payment credentials safe.
Read MoreWirecard and Mastercard announced plans to expand their existing partnership to promote digital, contactless payments via wearables. The expanded partnership will immediately make Wirecard available in Germany via Garmin Pay. The firms said additional projects are in the works that will make mobile payments available via smartwatch.
Read MoreApproximately 1 in 5 purchases made with Visa cards at World Cup soccer matches in Russia used contactless payment technology, including smartphones, bracelets and rings, according to a press release from the card network.
Read MoreSpend by international Visa cardholders grew 15 To NZ3.4 billion in 2017, according to data from Visa’s global payments network. This includes spend by visitors in New Zealand, as well as those buying from New Zealand businesses online.
Read MoreBurger King has stopped accepting contactless payment at its stores due to high service charges, which are being attributed to both banks and card companies.
Read MoreNew Zealand, thanks to its millennial generation, is among countries leading the global charge to a cashless society. Just nine per cent of Kiwi millennials (those aged 18 – 35) use cash at all, while overall two-thirds of us no longer carry change in our pockets.
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