Crafting a mobile-payments strategy can be a daunting task. The technology is evolving rapidly, and so are consumer expectations. Rather than starting with capabilities, a successful mobile strategy begins with an understanding of how people engage with their finances as part of their daily lives. Evaluating how consumers use mobile channels to move money will…
Read more
3 drivers helping bridge the gap to a cashless society Nov. 29, 2018 By Jason Bohrer, senior vice president and general manager – secure card solutions, CPI Card Group Today, only 41 percent of Americans regularly carry cash, creating a demand for alternative payment methods and unlocking a world of potential for innovation in Fintech.…
Read more
The Case For Contactless Cards October 05, 2018 By Keith Nolan 3 minutes If this is the right product for your members, it’s time to start creating issuance, education and marketing strategies. Credit unions have had a lot on their technology plates of late, between rolling out EMV cards and keeping pace with the ever-changing…
Read more
Introducing Contactless Cards To Members October 30, 2018 By Keith Nolan Five steps to take Research is showing that contactless payments may have legs. If your credit union decides to move forward, here are five steps that credit unions should take to introduce contactless cards to members: 1. Do your research. Many factors play into the decision…
Read more
Visa Inc. has been talking up contactless payments lately, though its executives and spokespersons usually dole out percentages rather than hard numbers to describe what is still a minuscule market in terms of card numbers and transaction volume. But chief executive Alfred F. Kelly gave an eyebrow-raising statistic Wednesday regarding a predicted boom in contactless…
Read more
Subscribe to our podcast: The following is a transcript of the podcast episode hosted by Ryan McEndarfer, Editor-in-chief at PaymentsJournal.com Dr. Kathy, what are you seeing in regard to overall debit usage among credit union members? And why should credit unions be focused on improving debit card issuance and usage? Kathy Snider, Senior Vice President…
Read more
In recent years, much of the focus for instant issuance solutions of payment cards shifted from educating credit unions on its benefits to helping enhancing its on-demand convenience for members. Instant issuance for new starts and reissues gives members reasons to visit credit unions, which can then deliver securely-activated payment cards directly to them. The question becomes…
Read more
Contactless payment card issuance is set to hit 1.5 billion units in 2018, accounting for over 50% of all payment card shipments delivered globally, according to ABI Research, a market-foresight advisory firm providing strategic guidance on the most compelling transformative technologies. Breaking the 50% barrier marks a significant milestone in contactless card migration, where market…
Read more
Fresh data indicates that most debit card transactions on mobile wallets—77%—are on Apple Pay. Coming from New York City-based Auriemma Consulting Group, which canvassed debit card issuers, the data also found that Samsung Pay and Google Pay accounted for 17% and 6% of transactions. Auriemma suggests one reason for the Apple Pay preference is it…
Read more
It’s no secret contactless payments have struggled in the United States, but less discussed is what needs to be done to boost usage. A paucity of dual-interface cards—EMV plastic that can either be inserted into terminals or tapped on them—is much to blame, but it turns out the answer goes well beyond that gap. It…
Read more