Latest News & Trends

Publix rolls out contactless pay to all stores

Publix, a Lakeland, Florida-based grocery chain, is rolling out contactless payment to all stores, including its organic GreenWise Market, as part of a strategy to protect customers and store employees from exposure to COVID-19.  Publix customers can use contactless credit or debit cards, the Publix mobile app and widely used mobile wallets, including Apple Pay,…
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April 23, 2020 0

Chick-fil-A Preferring Cashless Customers During COVID-19

As another impact of COVID-19, some Chick-fil-A shops are not accepting cash payments. Medical reports have appeared indicating that currency bills can carry and retain the novel coronavirus. Food store employees are already working under precarious conditions and don’t need one more thing to worry about regarding their safety, so QSR chains like Chick-fil-A may…
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April 16, 2020 0

Fintechs getting a boost from coronavirus outbreak

The coronavirus pandemic could be devastating for many companies, but it’s also shining a spotlight on the power of fintechs. They seem to be responding to the sudden challenge, though uncertainties lie ahead. The virus-driven moratorium on travel and the trend of companies encouraging people to work from home are changing the way people behave…
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April 14, 2020 0

Coronavirus pushes consumers to increase digital wallet usage

Commonwealth of Australia (CBA) reports digital wallet users spent a AUS$1 billion (about $630 million) in March 2020, a high for the bank that’s part of an acceleration to digital wallets and contactless cards during the coronavirus crisis. CBA’s digital wallet transaction dollar volume in March 2020 increased by 17% from February 2020 and outpaced…
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April 9, 2020 0

SoFi to acquire payment software company Galileo for $1.2 billion

KEY POINTS Personal finance start-up SoFi has agreed to buy Utah-based payment processor Galileo for $1.2 billion.  Deal talks began before “things got challenging,” but they were able to continue despite the coronavirus slowdown, SoFi CEO Anthony Noto says. Galileo has been around for a decade longer than its acquirer and works with many of…
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April 7, 2020 0

Contactless payments tripling by 2024

Juniper Research reports that contactless payments will triple to $6 trillion worldwide by 2024, from about $2 trillion this year, as OEM mobile wallet transactions increase and banks expand the use of contactless cards.  The report found that several factors will account for the increase, including the increased use of contactless POS and public transit use in the…
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April 6, 2020 0

Contactless Payment: The Future of Transaction

As technology becomes more and more advanced, it slowly changes our way of doing things. We used to watch Television, now we watch Netflix. We used to take a taxi, now we take an Uber. We used to go shopping to brick and mortar retail stores, now we can just browse through eCommerce sites.  Soon…
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April 2, 2020 0

The Contactless Revolution is Here. Are You Ready?

Years in the making, the U.S. market is finally ready for contactless payments. Although late to the game, the U.S. payment ecosystem, including issuers, processors and merchants, is preparing to support contactless as a dominant payment methodology. According to A.T. Kearney, 70 percent of U.S. retailers already have point-of-sale terminals capable of accepting contactless payments, and…
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April 1, 2020 0

Contactless Payments – a Technology Whose Time Has Come

Evolving technology has always been present in payments, from IBM’s® development of the magnetic stripe in 1960 to the original introduction of EMV® chip-and-pin in 1994. Over the past decade, technological advances have launched a revolution in payments, from digital wallets to contactless wearables and payment objects.  While the U.S. has been slow to adopt contactless payments,…
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March 30, 2020 0

Card Design Makes for a Winning Instant Issuance Program

The design of cards plays an important role for banks and credit unions, serving as an extension of their brand, a way to connect with local community, a means to visually delight cardholders – or all of the above. This is why adopting a new solution like instant issuance, which allows cardholders to visit a…
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March 26, 2020 0