Author: Jess Van Alstyne

Contactless payments: The future is here

If contactless payments were oncea solution in search of a problem — as skeptics long maintained — their moment has finally arrived. Before the pandemic, it wasn’t much of a hassle for most U.S. shoppers to insert a physical card and type a few buttons on a terminal. Sure, some early tech adopters embraced Apple…
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July 14, 2020 0

COVID-19 Boosts Demand for Contactless Cards

The past decade spearheaded a revolution in payment methods and form factors around the globe, from digital wallets like Apple Pay®, Samsung Pay and Google Pay™, to contactless wearables and payment objects. Now, years in the making, the U.S. card market is finally ripe for contactless payments and widespread adoption may ramp up as a…
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June 15, 2020 0

Why contactless payment technology is more important than ever

Across the world the use of contactless payments is on the rise. It was reported in March 2020 that the contactless payments growth rate had doubled in Nordic countries during the first four months of 2020. Likewise, an AMEX survey also discovered a significant shift in U.S. consumer attitudes about the technology, with the number of people using contactless in stores…
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June 11, 2020 0

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. For US banks to fully capitalize on this unique messaging opportunity and ignite a longer-term behavior change among cardholders, they must ramp up the speed in which they are getting contactless cards into the market. To date, most…
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June 10, 2020 0

Contactless Hotel Operations Have Moved from Nice-to-Have to a Necessity

The idea of contactless technology in the hotel industry is not new, though until now it has been regarded as an operational “luxury” rather than a must-have. But a confluence of factors set in motion by COVID-19 will require hoteliers to reevaluate nearly every aspect of how they do business – and redefine what’s essential.…
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June 3, 2020 0

Coronavirus And Contactless Cards: Touch-Free Shopping Is The Future, And The Future Is Now

Things we used to take for granted are now highly scrutinized. For instance, handling fruit and vegetables in the store now brings some level of concern for many. The same applies to door handles and shopping carts. It’s therefore not surprising that many individuals are showing increased preference for contactless cards and touch-free payments. In…
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May 13, 2020 0

Card networks are encouraging contactless payments worldwide

Payment firms are pushing contactless payments as governments and consumers try to minimize the interactions between people and common surfaces to combat the spread of the virus. Mastercard and Visa are raising contactless transaction value limits in several more countries. The card networks are raising the limit in Canada from CA$100 ($71.64) to CA$250 ($179.10), per Digital…
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April 29, 2020 0

Publix rolls out contactless pay to all stores

Publix, a Lakeland, Florida-based grocery chain, is rolling out contactless payment to all stores, including its organic GreenWise Market, as part of a strategy to protect customers and store employees from exposure to COVID-19.  Publix customers can use contactless credit or debit cards, the Publix mobile app and widely used mobile wallets, including Apple Pay,…
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April 23, 2020 0

Fintechs getting a boost from coronavirus outbreak

The coronavirus pandemic could be devastating for many companies, but it’s also shining a spotlight on the power of fintechs. They seem to be responding to the sudden challenge, though uncertainties lie ahead. The virus-driven moratorium on travel and the trend of companies encouraging people to work from home are changing the way people behave…
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April 14, 2020 0

SoFi to acquire payment software company Galileo for $1.2 billion

KEY POINTS Personal finance start-up SoFi has agreed to buy Utah-based payment processor Galileo for $1.2 billion.  Deal talks began before “things got challenging,” but they were able to continue despite the coronavirus slowdown, SoFi CEO Anthony Noto says. Galileo has been around for a decade longer than its acquirer and works with many of…
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April 7, 2020 0