Category: News

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

5 things to know about the future of wearable payments

As contactless payments become more ubiquitous in certain European and Asian countries, wearable payments technology is seeing a dramatic increase in adoption. This is particularly true for the devices themselves — such as Apple Watches and Fitbit fitness bands — that may have been recently given as gifts during the holiday season. Despite the convenience…
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January 8, 2020 0

Will Contactless Move Credit Union Cards To Top Of Wallet?

Get ready for the contactless card surge. This holiday season may remind you of the “hurry up and wait” component of brick-and-mortar commerce. Standing in line, juggling packages and wallets, counting cash at the register to make exact change. The folks ahead of you, fiddling with cards and inserting them at the terminal, perhaps forgetting…
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January 7, 2020 0

Visa: US Contactless Payments Primed For A Big 2020

When Visa, Chase, New York’s Metropolitan Transportation Authority (MTA), and other industry leaders co-launched a contactless payments pilot seven months ago, they started small, and with modest goals. This “public pilot” made contactless payments available on a few train lines, and only at 16 stations, including Grand Central Station and Union Station. A bit of caution was well…
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January 6, 2020 0

PayThink Contactless payments is EMV’s ‘fast solution’

Recently, my son and some of his friends were hurrying to catch an “L” train in Chicago, and it tends to be the way of things that when you are rushing to make a train there are long lines at the ticket machines. Fortunately, my son was equipped with a contactless EMV card which meant…
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December 18, 2019 0

The Use of Wearables to Make Payments Is on the Rise, New Mastercard Report Finds

While we were busy giving thanks here in the U.S. last week, Mastercard Europe was busy publishing some interesting data about peoples’ use of wearable technology to make payments. According to the press release, the use of wearables to make payments has increased eightfold since last year.  That’s an impressive number. Granted, wearable payments was (and…
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December 4, 2019 0

Discover To Start Phased Contactless Launch

Discover has announced it will start issuing contactless cards over the next several months. “Contactless technology has become increasingly popular with our cardmembers and more accepted by merchants worldwide, and we want to deliver the best shopping experience to our cardmembers,” said Szabolcs Paldy, senior vice president of marketing at Discover. “The goal of this digital technology…
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December 2, 2019 0

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