Today’s banks face new challenges adapting payment card offerings to consumer’s evolving lifestyles. Two areas in focus are consumer’s immediate need for new or replacement cards and their desire for speedy contactless transactions. As contactless payments continue to grow in popularity, banks are looking to prioritize instant issuance and contactless cards. Seeking a provider that…
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Visa Inc. released data indicating 51% of all purchases across nine stadiums in France hosting the group stage of the FIFA Women’s World Cup France 2019 were done with contactless cards or devices, including wearables and smart phones. The group stage of the soccer tournament ran from June 7 to June 20. Visa is the…
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EMV chip card payments made substantial gains in the U.S. last year, but the nation still lags most other regions in EMV penetration, according to new figures from payment card standards body EMVCo. Some 53.5% of general-purpose U.S. card-present transactions in 2018 were so-called chip-on-chip, meaning both the point-of-sale terminal and the card were EMV-enabled,…
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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 – ATM Banking: It’s Not Just About Cash Withdrawal Anymore. Consumers report that their…
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A survey of more than 3,000 consumers in the United States, United Kingdom, and Australia, sponsored by Transaction Network Services, shows the heaviest adoption of mobile-payment apps in the U.S., at 59% of respondents, but the highest adoption of contactless payments in the U.K., at 79%. Perhaps not surprisingly, younger consumers were more likely to…
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While bank M&A has been largely dominated by the fallout from one deal this year — the merger of BB&T and SunTrust Banks — the fintech space remains red hot. Three significant deals in the payments and financial service provider area have already been struck so far this year, while bank and venture capital interest…
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American Express is following other major issuers in committing to convert its credit card portfolio to contactless as customers’ cards expire. Beginning in July, the New York-based issuer will begin issuing all new and replacement cards in the contactless format, and it will also do so upon request by customers, Amex said in a Friday…
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The deal will also streamle how payments technology is packaged with other merchant services in the sales process, Woods said. “The other large companies do have components of that but they are also doing mortgage services and many other things that a bank might need,” Woods said. “We are purely a payments technology company.” Stripe…
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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. This episode of Truth In Data provided by Mercator Advisory Group’s report – 2018 Digital Banking in the U.S.: From Bricks to Clicks Understanding the balance between…
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The Apple Card takes a more aggressively digital approach to credit card relationships than most other products on the market — but the technology behind it isn’t exclusive to Apple. Following about 18 months of secretive development with Apple and Goldman Sachs, Mastercard is ready to bring the same offering to other issuers. Its platform…
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