The use cases for contactless payments have been there all along, but the Covid-19 pandemic is turning out to be a major motivator in adoption of the touch-averse technology. Evidence comes in a roundup of data from the U.S. Payments Forum, a Princeton Junction, N.J.-based payments association. In its latest market snapshot, the Forum details…
Read more
The Kroger Co. is testing contactless payments at some of its QFC (Quality Food Center) locations. The test includes acceptance of Apple Pay, Google Pay, Samsung Pay, Fitbit Pay, mobile banking apps, and contactless NFC cards. Kroger already accepts its Kroger Pay app. The QFC division is based in Seattle. ATM operator Cardtronics plc said its ATM operating…
Read more
Don’t miss another episode of Truth In Data! Click on the red bell in the lower-left corner of your screen to receive notifications as soon as the episode publishes. Data for today’s episode is provided by Mercator Advisory Group’s report –COVID-19: The Power Behind Contactless Contactless and Contact-Free Transactions Post COVID: Some merchants offering EMV…
Read more
Evidence continues to accumulate that the Covid-19 pandemic is not only boosting contactless and online payments, but doing so in historically short order. Some 48% of small and medium-size merchants reported in mid-June that they had observed an increase in the number of consumers either using contactless payments or asking about doing so. That’s up…
Read more
More evidence that consumers are finally adopting contactless payments emerged as Cardknox, a payment gateway, noted a 150% increase in contactless payment use from just from November to April. Announced Thursday, the increase, albeit lacking volume details, indicates consumers’ mindfulness about reducing physical contact with point-of-sale terminals. Cardknox said some of the growth may also come…
Read more
People who order groceries for delivery may be using digital payments or a plastic card to pay for their food, but the person picking up the groceries may be making a separate payment at the point of pickup — and in the process, influencing the global shift toward contactless payments. Even before the coronavirus pandemic…
Read more
Four years after the EMV chip card standard became the law of the U.S. payments land, the number of credit and debit cards with an EMV chip now exceeds 1 billion, and 63% of U.S. card-present transactions in 2019 involved an EMV card being read by an EMV-capable terminal, up from 53.5% in 2018. Those…
Read more
The coronavirus pandemic is driving a rapid increase in NatWest’s U.K. small-business merchant acquiring unit, with many being first-time card acceptors. In the last two months NatWest has reported a significant increase in small and medium-sized enterprises (SMEs) transitioning from using solely cash to accepting contactless and card payments for the first time. Since the…
Read more
Some results from Interac Corp. on Friday show the novel coronavirus and its attendant restrictions are pushing Canadian consumers and businesses toward digital payments, a trend the company says could have lasting effects. In April, e-Transfer transactions reached a record level at 61.3 million, according to the announcement from Interac, which operates the national switch…
Read more
As consumers dump cash and traditional point of sale hardware for contactless payments, PayPal has added support for QR codes in 28 countries. The QR code is generated from the PayPal app and sellers or merchants can print out a QR code placard for consumers to scan at their store or stall. The QR codes…
Read more
You must be logged in to post a comment.