Tag: Contactless payments

Gig grocery shoppers further the shift to contactless payments

People who order groceries for delivery may be using digital payments or a plastic card to pay for their food, but the person picking up the groceries may be making a separate payment at the point of pickup — and in the process, influencing the global shift toward contactless payments. Even before the coronavirus pandemic…
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May 28, 2020 0

Coronavirus’ contactless pay wave boosts NatWest’s small-business plan

The coronavirus pandemic is driving a rapid increase in NatWest’s U.K. small-business merchant acquiring unit, with many being first-time card acceptors. In the last two months NatWest has reported a significant increase in small and medium-sized enterprises (SMEs) transitioning from using solely cash to accepting contactless and card payments for the first time. Since the…
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May 22, 2020 0

Coronavirus’ contactless wave pushes PayPal to QR payments

As consumers dump cash and traditional point of sale hardware for contactless payments, PayPal has added support for QR codes in 28 countries. The QR code is generated from the PayPal app and sellers or merchants can print out a QR code placard for consumers to scan at their store or stall. The QR codes…
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May 19, 2020 0

How coronavirus has warmed consumer attitudes toward contactless payments

Fears of catching coronavirus during the payment process has given a sharp boost in usage and awareness of contactless payments since the pandemic began, according to a new survey from Mastercard. Mastercard also reports more than 40% growth in contactess transactions globally during the first quarter of 2020, according to a Wednesday press release. About…
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April 29, 2020 0

Contactless payments push credit cards past debit in Canada

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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October 7, 2019 0

Amex to begin a gradual contactless rollout in July

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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May 31, 2019 0

Will Visa and PayPal’s truce survive the ‘single button’ movement?

Visa CEO Alfred Kelly is less publically adversarial toward market rival PayPal than his predecessor Charlie Scharf, even as Visa’s push for a “single button” for online payments seems to undermine PayPal’s business model. Visa’s 2016 deal with PayPal has boosted Visa‘s financial performance, and Kelly praised several other partnerships with PayPal that “remove friction”…
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April 26, 2018 0

NFC still has a trust gap for payments

This coming April, all major American credit card companies will become signature-optional, meaning merchants won’t need to require users to provide a signature in order to complete a credit card purchase. The move is hardly a radical change, but is a signal that the U.S. is catching up to the U.K. and Canada when it…
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March 13, 2018 0

Consumer demands for ‘instant gratification’ require right-now payments

If you thought the past year brought aggressive expectations from consumers, you might want to brace yourself for the next 12 months. And you can’t really blame them. That mentality isn’t greedy or unfounded or above and beyond the realm of reason. After all, in a world where social security numbers were compromised in an…
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February 12, 2018 0

Mastercard goes cashless at ski race, launches push for ‘Priceless’ moves

Mastercard is teaming with SIX Payment Services to enable cashless payments at the Hahnenkamm, a top European ski race in Kitzbühel, Austria, to speed up service and eliminate lines. The payments processor SIX, of Zurich, is supporting more than 80 mobile payment terminals temporarily placed throughout the ski resort and within the city’s center to…
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January 20, 2018 0