Contactless Cards: “A Faster, More Convenient Experience for the Consumer”
Customers can spend a lot of time at a store trying to check out. After waiting in line, you have to navigate the payment process, which can be a tedious affair. If you pay by cash, you spend valuable time finding the right amount of money and waiting while the cashier counts out your change.…
Read more
Contactless Gets Another Boost With Mass Transit’s Embrace of Tap-And-Pay in Miami
Is 2019 turning into the year of contactless payment for mass transit? Miami-Dade County announced Wednesday it has started accepting contactless cards and mobile wallets at gates at 23 commuter train stations, with plans to include bus fares later this summer. The move follows New York City’s adoption in May of contactless fare payment. In all,…
Read more
Tap, Pay, Go
Consumers have a need for speed. Whether it’s one-click shopping from Amazon or using an EZ Pass to glide through toll stations without tapping the brakes, consumers are increasingly expecting a fast, frictionless experience in all aspects of their daily lives. When it comes to making point-of-sale payments, though, there are some bumps in the…
Read more
Mastercard’s Transaction Volume Jumps 18%; Secure Remote Commerce and Contactless Payments Gain
Jim Daly Acquiring, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Issuing/Originating, Mobile Commerce, Mobile Wallets, Near-Field Communication (NFC), Prepaid Cards, Smart Cards, Transaction Processing Mastercard Inc. saw strong growth in its core business in the second quarter, a time when the network continued its push for contactless cards and development of the new Secure Remote Commerce system for online payments. Mastercard said it switched 21.4 billion transactions…
Read more
The Rise of Contactless Calls for Evolved Instant Issuance
Today’s banks face new challenges adapting payment card offerings to consumer’s evolving lifestyles. Two areas in focus are consumer’s immediate need for new or replacement cards and their desire for speedy contactless transactions. As contactless payments continue to grow in popularity, banks are looking to prioritize instant issuance and contactless cards. Seeking a provider that…
Read more
Visa: Why Target’s Tap-And-Pay Leap Will Ignite Contactless Cards
After many years as a holdout in the world of near-field communication (NFC) payments, Target grabbed a lot of headlines yesterday (Jan. 22) with its announcement that it is embracing contactless payments. Target will enable this feature at checkout at all 1,800 of its U.S. stores over the next several weeks. This marks a change for Target — a retailer that had, up…
Read more
5 Ways Instant Issuance Can Help You Make More Money
When financial institutions instantly issue new or replacement cards on-site, cardholders enjoy convenience and an improved overall branch experience. Beyond the impact that good customer service can bring, banks and credit unions of all sizes can see remarkable financial benefits. Below are five key ways banks and credit unions can deliver more bang for the…
Read more
The Promise of Metal: Capitalizing on First Impressions
Metal cards have caught the eye of consumers in recent years. A certain segment of cardholder craves the feelings of exclusivity, luxury, and sophistication that metal cards provide. Attracted by the prospect of adding new, affluent cardholders, along with the promise of strong retention, many financial institutions are looking to add metal card options to their…
Read more
The Future is Now: Dual-Interface Instant Issuance is Here Today
The convergence of two significant consumer trends is impacting the world of payments: cardholders’ need for immediate card delivery and their desire for the versatility and convenience of contactless transactions. For small- and mid-sized financial institutions, these trends present both challenge and opportunity. In an age of instant gratification, cardholders will no longer wait to…
Read more