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…
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Software as a Service (SaaS)- Back to Basics Instant issuance is emerging as a key element in branch transformation to respond to the on-demand expectations of customers. Financial institutions are discovering that an in-branch instant issuance solution quickly delivers on service and speed, expediting cards into cardholder hands. However, questions often arise when choosing between…
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This is a preview of a research report from Business Insider Intelligence, Business Insider’s premium research service. To learn more about Business Insider Intelligence, click here. Between housing costs, utilities, taxes, insurance, loans, and more, US adults paid an estimated $3.9 trillion in bills last year. Business Insider Intelligence That market is growing slowly, but…
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More than 252 million iPhone owners globally use Apple Pay, a figure that equates to 31% of the active iPhone base, says Loup Ventures, a Minneapolis-based venture-capital firm. A year ago, the figure was 25%. That growth mostly is coming from international consumers, who Loup Ventures says account for 85% of Apple Pay users, versus…
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Contactless payments failed to gain momentum in the United States when they first appeared more than a decade ago. Executed through smart magnetic stripe cards, waving a card was only marginally faster than traditional swiping. Coupled with the extra cost of contactless card production, the business case was weak among stakeholders and adoption stalled. The…
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Starling Bank’s portrait Mastercard debit card. Image: Starling Consider the ways you use your bank card on an everyday basis, whether handing it over to a cashier, swiping it to make contactless payments, or inserting it into an ATM. How are you holding the card as you do all those things? Vertically, I’m willing to bet,…
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by Tina Giorgio It often seems as though there’s a technology du jour in our industry. As fast as one solution takes center stage, a shiny, new option emerges and all heads turn. This constant over-saturation can leave us struggling to separate the long-term standards from the fleeting fads. Let me cut through that clutter…
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