With the COVID-19 crisis and the increase of social distancing, the use of contactless payments is rising. What does this mean? Is it a safe method? Check it out! As a result of COVID-19, the use of contactless payments is expected to rise 10–15% in the U.S. according to Mercator Advisory Group Analyst Peter Reville. …
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As the economy reopens, businesses are rapidly adopting touch-free payment technologies to help keep both consumers and staff safe. Diana Gamboa was in the middle of the busy tax preparation season when the COVID-19 outbreak forced her business, Diana’s Tax Services, into shutdown. As she contemplated a late April reopening, Gamboa knew she would need to…
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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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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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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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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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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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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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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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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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