Latest News & Trends

Contactless Payments: Are They Safe?

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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August 27, 2020 0

Amidst a Pandemic, Consumers Adapt by Adopting Touch-free Payments and Shopping

The use cases for contactless payments have been there all along, but the Covid-19 pandemic is turning out to be a major motivator in adoption of the touch-averse technology. Evidence comes in a roundup of data from the U.S. Payments Forum, a Princeton Junction, N.J.-based payments association. In its latest market snapshot, the Forum details…
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August 19, 2020 0

Kroger To Test Contactless Payment Acceptance and other Digital Transactions News briefs from 8/7/20

The Kroger Co. is testing contactless payments at some of its QFC (Quality Food Center) locations. The test includes acceptance of Apple Pay, Google Pay, Samsung Pay, Fitbit Pay, mobile banking apps, and contactless NFC cards. Kroger already accepts its Kroger Pay app. The QFC division is based in Seattle. ATM operator Cardtronics plc said its ATM operating…
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August 7, 2020 0

Contactless and Contact-Free Transactions Post COVID:

Don’t miss another episode of Truth In Data! Click on the red bell in the lower-left corner of your screen to receive notifications as soon as the episode publishes. Data for today’s episode is provided by Mercator Advisory Group’s report –COVID-19: The Power Behind Contactless Contactless and Contact-Free Transactions Post COVID: Some merchants offering EMV…
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July 31, 2020 0

The Coronavirus Is Pushing Wider Acceptance of Contactless Payments

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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July 27, 2020 0

Contactless payments: The future is here

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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July 14, 2020 0

How the Pandemic Has Hastened Small Merchants’ Conversion to Contactless And Online Channels

Evidence continues to accumulate that the Covid-19 pandemic is not only boosting contactless and online payments, but doing so in historically short order. Some 48% of small and medium-size merchants reported in mid-June that they had observed an increase in the number of consumers either using contactless payments or asking about doing so. That’s up…
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July 1, 2020 0

COVID-19 Boosts Demand for Contactless Cards

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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June 15, 2020 0

Why contactless payment technology is more important than ever

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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June 11, 2020 0

Banks Must Act Fast To Ride The Contactless Payment Tailwinds Created By COVID-19

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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June 10, 2020 0