Author: Jess Van Alstyne

Contactless payments tripling by 2024

Juniper Research reports that contactless payments will triple to $6 trillion worldwide by 2024, from about $2 trillion this year, as OEM mobile wallet transactions increase and banks expand the use of contactless cards.  The report found that several factors will account for the increase, including the increased use of contactless POS and public transit use in the…
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April 6, 2020 0

Contactless Payment: The Future of Transaction

As technology becomes more and more advanced, it slowly changes our way of doing things. We used to watch Television, now we watch Netflix. We used to take a taxi, now we take an Uber. We used to go shopping to brick and mortar retail stores, now we can just browse through eCommerce sites.  Soon…
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April 2, 2020 0

The Contactless Revolution is Here. Are You Ready?

Years in the making, the U.S. market is finally ready for contactless payments. Although late to the game, the U.S. payment ecosystem, including issuers, processors and merchants, is preparing to support contactless as a dominant payment methodology. According to A.T. Kearney, 70 percent of U.S. retailers already have point-of-sale terminals capable of accepting contactless payments, and…
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April 1, 2020 0

Contactless Payments – a Technology Whose Time Has Come

Evolving technology has always been present in payments, from IBM’s® development of the magnetic stripe in 1960 to the original introduction of EMV® chip-and-pin in 1994. Over the past decade, technological advances have launched a revolution in payments, from digital wallets to contactless wearables and payment objects.  While the U.S. has been slow to adopt contactless payments,…
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March 30, 2020 0

Card Design Makes for a Winning Instant Issuance Program

The design of cards plays an important role for banks and credit unions, serving as an extension of their brand, a way to connect with local community, a means to visually delight cardholders – or all of the above. This is why adopting a new solution like instant issuance, which allows cardholders to visit a…
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March 26, 2020 0

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

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