Month: January 2020

Millennial, Gen Z shoppers lead contactless payment adoption

Dive Brief: According to a survey of more than 1,350 customers and 350 merchants, 75% of Millennials and 70% of Gen Z shoppers said they were satisfied with contactless payments. Per the report released by payments company Ingenico Group and commerce platform FreedomPay, 65% of Gen Z consumers think that contactless payments are a “must have” for…
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January 27, 2020 0

New Decade, New Ways to Pay: Will the 2020s Bring a Cashless Society?

With the rising number of cashless payment options available, such as digital wallets, wearables, and mobile pay apps for every kind of purchase, it may seem that the United States is well on its way to becoming a cashless society.  This is somewhat true, in that cashless transactions are rising in popularity each year. According…
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January 21, 2020 0

2020 To Mark A Turning Point At The Point of Sale

The end of one decade, the beginning of another. Might the coming year be marked by innovation at the point of sale (POS)? The PYMNTS 2019 end-of-year survey of 30 executives asked for payment-related predictions that could (theoretically) be placed in a time capsule to be unearthed 12 months hence. The time frame, of course,…
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January 20, 2020 0

Metal Cards: From ‘Elite’ to Everyday

For years, metal cards were a symbol of high-end luxury, limited to expensive membership programs with rewards that catered to the affluent. Thanks to greater production innovation in the design and feel of metal cards, as well as more dual interface metal card solutions, many banks and other card issuers are looking to cash in…
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January 20, 2020 0

3 Payments Trends to Keep Track of in 2020

As one year draws to a close, another begins, making New Years a time of reflection and prediction. For the payments industry, 2019 was a busy year defined by mergers, big announcements, new technologies, and shifting consumer expectations and preferences. In terms of mergers and acquisitions, the year got off to hot start in January,…
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January 14, 2020 0

Payments innovations making your purchases more secure in 2020 and beyond

The ways in which we use credit cards are evolving more quickly than ever before, from new and improved rewards structures to payments through mobile apps and connected devices. And the trend shows no signs of stopping as we enter a new decade. As these new ways to pay evolve, measures to protect the security of our…
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January 9, 2020 0

5 things to know about the future of wearable payments

As contactless payments become more ubiquitous in certain European and Asian countries, wearable payments technology is seeing a dramatic increase in adoption. This is particularly true for the devices themselves — such as Apple Watches and Fitbit fitness bands — that may have been recently given as gifts during the holiday season. Despite the convenience…
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January 8, 2020 0

Will Contactless Move Credit Union Cards To Top Of Wallet?

Get ready for the contactless card surge. This holiday season may remind you of the “hurry up and wait” component of brick-and-mortar commerce. Standing in line, juggling packages and wallets, counting cash at the register to make exact change. The folks ahead of you, fiddling with cards and inserting them at the terminal, perhaps forgetting…
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January 7, 2020 0

Visa: US Contactless Payments Primed For A Big 2020

When Visa, Chase, New York’s Metropolitan Transportation Authority (MTA), and other industry leaders co-launched a contactless payments pilot seven months ago, they started small, and with modest goals. This “public pilot” made contactless payments available on a few train lines, and only at 16 stations, including Grand Central Station and Union Station. A bit of caution was well…
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January 6, 2020 0