PSCU has announced the release of its annual Eye on Payments study. For the second year in a row, the nation’s premier payments CUSO set out to explore payment preferences among credit union members and other financial institution customers (“non-members”) and how they have shifted over the past year. Through this research, PSCU aims to gain a better…
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November 5, 2019 In response to rising consumer demand, card manufacturers and issuers are actively working to develop and provide more environmentally-conscious solutions to address the growing problem of plastic waste. The challenge for card manufacturers is in sourcing materials that are not only durable, but able to handle the complex security and technology requirements…
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Today, payments options for consumers are endless, and credit unions should be prepared to provide members with access to as many offerings as possible. While new payment methods such as digital wallets and real-time payments are important, optimizing credit and debit card programs is also imperative for credit union success and for their cards to…
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Customers can spend a lot of time at a store trying to check out. After waiting in line, you have to navigate the payment process, which can be a tedious affair. If you pay by cash, you spend valuable time finding the right amount of money and waiting while the cashier counts out your change.…
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The holidays are approaching, and with that annual shopping frenzy comes a yearly boost in gift card sales. As it turns out, though, most gift cards are likely to be plastic or paper rather than digital, according to consumer and small-business research released Thursday. While preference for digital cards is growing, some 60% of consumers still…
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Contactless payment transaction volume is soaring in Canada to the point where total credit card transaction volume is edging out debit card transactions for the first time because many consumers are using credit cards to tap and pay. The difference is slight—6.047 billion credit card transactions were conducted in Canada in 2018 compared with 6.042…
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Is 2019 turning into the year of contactless payment for mass transit? Miami-Dade County announced Wednesday it has started accepting contactless cards and mobile wallets at gates at 23 commuter train stations, with plans to include bus fares later this summer. The move follows New York City’s adoption in May of contactless fare payment. In all,…
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Consumers have a need for speed. Whether it’s one-click shopping from Amazon or using an EZ Pass to glide through toll stations without tapping the brakes, consumers are increasingly expecting a fast, frictionless experience in all aspects of their daily lives. When it comes to making point-of-sale payments, though, there are some bumps in the…
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Jim Daly Acquiring, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Issuing/Originating, Mobile Commerce, Mobile Wallets, Near-Field Communication (NFC), Prepaid Cards, Smart Cards, Transaction Processing Mastercard Inc. saw strong growth in its core business in the second quarter, a time when the network continued its push for contactless cards and development of the new Secure Remote Commerce system for online payments. Mastercard said it switched 21.4 billion transactions…
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