Coronavirus Fuels Shift to Contactless Payments Methods
As health officials around the globe seek to contain the novel coronavirus that causes COVID-19, economies and citizens remain unsettled.
Read MoreContactless Payments
In a Twist on Contactless, PayPal Rolls Out a QR Code App for Small and Occasional Sellers
In an effort to reach occasional and very small sellers struggling with restrictions imposed to deal with the novel coronavirus pandemic, PayPal Holdings Inc. on Tuesday launched a Quick Response code capability for its mobile app.
Read More
Biometric Payment Cards to Ride Contactless Wave, Market Producing Extra 110M Units in 2020
Biometric payment cards are expected to play a major role in a trend towards the use of multi-factor contactless transactions in the aftermath of COVID-19, ABI Research forecasts based on new research.
Read More
Banks Must Act Fast to Ride the Contactless Payment Tailwinds Created by COVID-19
The COVID-19 outbreak has quickly catapulted contactless payments into the mainstream consciousness thanks to their hygienic benefits.
Read More
More Than Half of Americans Now Use Contactless Payments, According to Mastercard Poll
Contactless payments were already on the rise in the U.S., but the ongoing coronavirus pandemic has hiked up the number of Americans using various touch-free payment methods.
Read More
Coronavirus Contactless Payments Are Here to Stay
For years, the payments industry waxed unpoetically about transactions that eliminate physical interaction. There was contactless, mobile, mobile wallets, card not present, e-commerce, e-payments, e-invoicing, NFC, one-touch, one-tap, etc. We just kept pumping out new buzzwords. I have a new name for all of those: Corona Free Payments.
Read More
New York City Could Become a Hotbed for Contactless Payment Adoption in the US
One Metro New York (OMNY), New York City’s contactless transit system, has recorded over 4 million taps since launching in select subway stations on May 31, per a release from Visa.
Read More
With Momentum From Transit, Contactless Accounts for a Rising Share of Card Payments
With card-based transit payments picking up steam in the United States, a key Mastercard Inc. executive said Thursday that 22 of the network’s physical-world transactions globally were contactless as of the end of 2018. The time to complete a contactless transaction is down to 0.
Read More
Static Authentication Stands in the Way of Contactless Progress
When it comes to new payment technologies, it’s often difficult to know what consumers are thinking, and banks have a lot on their plates. Aligning a transformation strategy with the desires of consumers is an interesting chart to plot. One thing that’s clear is both banks and consumers have embraced contactless.
Read More
Contactless Payments Keep Cities in Touch With Future Mobility Demands
Companies known for providing credit and debit cards may not be the most obvious stakeholders in the future of mobility, but the rollout of new mobility services could see the physical ticket resigned to the history books. In its place will be the digital wallet, which many commuters already use through contactless card and smartphone […]
Read More
Amex to Issue All US Payments Cards as Contactless
Source: American Express American Express (NYSE: AXP) has joined forces with North America’s largest public transportation agency, New York’s Metropolitan Transportation Authority (MTA), to bring contactless payments to transit riders in New York City.
Read More
BofA to Reissue 4 Million Cards in Rapid Contactless Push
While major card issuers such as Chase and Wells Fargo roll out NFC-enabled credit and debit cards incrementally, Bank of America is taking much more aggressive approach. In New York, Boston and San Francisco, BofA will force a mass NFC upgrade by mailing new contactless credit and debit cards to all of its consumer card […]
Read More