Payments News » Contactless

Global Growth Leads to Nearly 41 Million Terminals Accepting Contactless, Researcher Says

June 7 2019

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Contactless

“The number of point-of-sale terminals worldwide accepting contactless cards shot up 41% in 2017, the most recent year for which data was available, to reach 40.9 million, according to RBR Research, a London-based firm. That represents 42% of all payment terminals, the firm says.Rapid growth also is expected on the card-issuance side. The number of […]

Tech

BofA Jumps on Tap-to-Pay Bandwagon as NYC’s Subway Moves Forward

June 7 2019

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Contactless

“Bank of America Corp. is joining the wave of companies issuing tap-to-pay cards. The lender will send 4 million contactless cards this month to customers in New York, Boston and San Francisco who have Visa debit or credit cards, according to Mark Monaco, enterprise payments executive at Bank of America. It plans to measure […]

Tech

With Momentum From Transit, Contactless Accounts for a Rising Share of Card Payments

September 12 2019

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Contactless

“With card-based transit payments picking up steam in the United States, a key Mastercard Inc. executive said Thursday that 22% of the network’s physical-world transactions globally were contactless as of the end of 2018. The time to complete a contactless transaction is down to 0.4 seconds, added Ajay Bhalla, president for cyber and intelligence solutions, […]

Tech

Having Put Out 20 Million Contactless Cards So Far, Chase Tackles New York Mass Transit

May 22 2019

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Contactless

“Two powerful forces for making contactless cards a routine feature of daily life are acceptance by mass-transit systems and backing from the biggest issuers. On Wednesday, that combination came into focus with an announcement from Visa Inc. that starting May 31 users of the 20 million contactless credit cards JPMorgan Chase & Co. has pumped […]

Tech

Nissan to Build RFID Payments Into All Cars Sold in Brazil

September 10 2019

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Contactless

“All Nissan vehicles manufactured in Brazil are to come factory-installed with Sem Parar RFID tags, enabling them to be used to make in-vehicle payments for electronic tolls, car parking, fuel and retail transactions — including at McDonald’s drive-thrus across the country. Used vehicles sold by Nissan dealerships will also be retrofitted with Sem Parar’s RFID […]

Reports

Mobile Contactless Payments Will Account for Less Than 2% of US Retail Sales This Year

August 9 2019

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Contactless

“The push for mobile contactless payment adoption in the US has been a decade-long journey entailing a multibillion-dollar investment in wallet development, POS hardware and consumer marketing. To date, the results have been underwhelming, with payment methods like Apple Pay and Google Pay forecasted to account for just 1.6% ($78.6bn) of US brick-and-mortar retail sales […]

Global

As U.S. Contactless Card Payments Ramp Up, Canada and the U.K. Point the Way to Mass Adoption

May 22 2019

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Contactless

“Canada’s largest merchant acquirer, Toronto-based Moneris Solutions Corp., says that in the first quarter contactless for the first time accounted for more than half of card-present transactions—51.5%. Contactless payments grew nearly 25% year-over-year while overall credit and debit card spending rose only 2.5%, Moneris reported. Meanwhile, nearly one-third of all credit and debit card transactions in […]

Tech

US Payments Forum Provides Best Practices for In-store Contactless Acceptance in New Resource

June 17 2019

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Contactless

“MTA’s recent launch of OMNY ¹ and initiatives from several large financial institutions to offer contactless cards are evidence of the growth of contactless adoption in the U.S. As more opportunities arise to tap to make a payment, clear communication at the point of sale (POS) is needed to indicate that contactless cards and devices […]

Tech

CPI Card Group® and Fit Pay® Collaborate on a Contactless Payment Device Called Flip

July 9 2019

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Contactless

“Flip allows consumers to make purchases at millions of retail locations that accept contactless payments. Accompanying the physical Flip is Fit Pay’s digital wallet, which enables consumers to store and manage funds transferred from standard bank accounts, supported Bitcoin wallets and more. Similar in size to a poker chip, Flip gives contactless payment power to […]

Tech

American Express Says to NYC Subway Riders: Don’t Tap and Pay Without It

June 7 2019

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Contactless

To help foster adoption of contactless payments in the MTA and beyond, beginning in July, all newly issued and replacement U.S. American Express Consumer Cards will be contactless. The contactless feature is now available on all U.S. American Express Consumer Cards upon request through AmericanExpress.com, the Amex Mobile App, or by phone.