Payments News

On The Web

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Global

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

May 22 2019

“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 […]
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Tech

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

June 7 2019

“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 […]
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Tech

Discover Begins US Contactless Card Rollout

November 5 2019

“Discover is to begin issuing contactless payment cards “for most” of its Discover It and Discover More cardmembers “who need cards reissued or replaced” this month and, from December, will start issuing contactless cards to new Discover cardholders.”
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Reports

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

August 9 2019

“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 […]
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Tech

Nissan to Build RFID Payments Into All Cars Sold in Brazil

September 10 2019

“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 […]

On The Wires

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Tech

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

June 7 2019

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.
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