Will 2018 be the year of contactless payments in the US? In the UK, card payments have overtaken cash payments and now account for more than 50 percent of all retail purchases, of which 30 percent were contactless. Other countries are seeing similar adoption increases for contactless payments. The one significant exception has been the US market—but…
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You deserve to have a card that represents your institution flawlessly. A great card design will make your customers proud to be a member of your institution, and proud to put your card at the top of their wallet. Our designers are eager to work alongside you and make your vision come to life. From…
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ALEXANDRIA, Va.–Data for federally insured credit unions as of mid-year 2018 show total assets rapidly approaching $1.5 trillion even as the smallest credit unions continue to decline. NCUA’s Quarterly Credit Union Data Summary show that as of June 30, 2018, there were 5,480 federally insured credit unions with 114.1 million members. Here’s a look at…
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The U.S. may be next to see a surge of contactless credit cards, following other major markets around the world. In many locales similar to the U.S., consumers tap to pay for about 20% of all in-store transactions using Near Field Communication-equipped cards, far surpassing the number of mobile payment users. But it’s unclear whether…
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Contactless payments failed to gain momentum in the United States when they first appeared more than a decade ago. Executed through smart magnetic stripe cards, waving a card was only marginally faster than traditional swiping. Coupled with the extra cost of contactless card production, the business case was weak among stakeholders and adoption stalled. The…
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Starling Bank’s portrait Mastercard debit card. Image: Starling Consider the ways you use your bank card on an everyday basis, whether handing it over to a cashier, swiping it to make contactless payments, or inserting it into an ATM. How are you holding the card as you do all those things? Vertically, I’m willing to bet,…
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by Tina Giorgio It often seems as though there’s a technology du jour in our industry. As fast as one solution takes center stage, a shiny, new option emerges and all heads turn. This constant over-saturation can leave us struggling to separate the long-term standards from the fleeting fads. Let me cut through that clutter…
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QRails’ Issuer Processing provides improved flexibility, control and scalability for Amarillo to expand with specialized card products Denver, CO (May 9, 2018) — QRails, Inc. a financial technology company offering sophisticated integrated processing and program management services and other solutions to banks, credit unions, and the digital payments industry, today announced that Amarillo National Bank has…
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