On The Web

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Tech

Contactless Card Purchases to Exceed 522bn Globally by 2026

March 9 2022

• in
• Contactless

“The number of contactless card purchases made worldwide will increase by an average of 23% a year and reach a total of more than 522bn by 2026, up by more than 370bn on the 149bn recorded in 2020, according to a forecast by Retail Banking Research (RBR) . The firm’s ‘Global Cards Data and Forecasts […]

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Tech

One in Five In-person Visa Card Transactions in the US Are Now Contactless

February 9 2022

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• Contactless

“Nearly 20% of all in-person Visa card transactions in the US are now contactless, with that proportion rising to more than 25% in Los Angeles, Detroit, Orange County, Miami and Salt Lake City, over 30% in San Francisco, San Jose and Oakland, and reaching 45% in New York, according to the card network’s Q1 2022 […]

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Tech

Contactless Transactions Surge in the UK

January 26 2022

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• Contactless

“New data from Barclaycard, which sees nearly half of the nation’s credit and debit card transactions, reveals that 91.1% of all eligible card transactions in 2021 were made contactlessly, with the total value of contactless payments made increasing by 40.2 per cent, year-on-year. The data also shows that shoppers increasingly opted for ‘touch and go’ […]

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Tech

Seven in Ten UK Debit Card Transactions Are Now Contactless

December 21 2021

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• Contactless

“Nearly seven in ten debit card transactions (69%) and just over half of all credit card transactions (53%) in the UK are now contactless, according to figures from UK Finance . The figures also show that there were 1,260m contactless card transactions during September, an increase of 30.5% from 966m in September 2020 and 70.3% […]

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Tech

USPS Taking Apple Pay for Online Payments – but Still Not in Post Offices | AppleInsider

December 20 2021

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• Contactless

“The U.S. Postal Service is now accepting Apple Pay , however Apple’s payment platform is only currently accepted online, and probably won’t be usable for in-person transactions for quite a while.   The USPS hasn’t been a supporter of Apple Pay, but recently, it has adopted Apple’s mobile payments system for some transactions. An update […]

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Tech

African Payment Apps to Add Ultrasonic Authentication for Contactless Transactions

November 17 2021

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• Contactless

“Consumers across Africa will soon be able to use Nigeria-based payment services provider Paga Group’s mobile apps to authenticate in-store and person-to-person contactless payments using ultrasonic data-over-sound proximity verification technology. The company is adding ultrasonic authentication to both its Paga payments and Doroki merchant apps and plans to roll it out as a contactless verification […]

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Tech

UK Contactless Payments Limit Is Rising to £100 – Should You Be Worried?

October 13 2021

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• Contactless

“It’s a financial revolution that began quietly in September 2007. That is when the first contactless bank cards were introduced in the UK, allowing people to “wave and pay” for low-value items such as a cup of coffee or a newspaper. At the time, spending was capped at £10. Fourteen years on, with at least […]

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Tech

Lloyds to Let Customers Set Own Contactless Transaction Limit

September 24 2021

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• Contactless

“Customers of Lloyds Bank , Halifax and Bank of Scotland will be able to set their own contactless spending limit when the UK increases its national transaction limit to £100 (US$137) on 15 October.”

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Tech

Contactless Payment Rises—And So Do Back-to-School Purchases—PSCU Report Shows

September 20 2021

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• Contactless

“Contactless credit card transactions caught up to their debit counterparts as a percent of volume in August, with 17% of total card-present volume, as tracked in the monthly PSCU Payments Index, attributed to the payment form. That matches the share for contactless debit transactions. PSCU, a St. Petersburg, Fla.-based credit union service organization, issues the […]

On The Wires

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Tech

Tap to Give™ at The Salvation Army’s Iconic Red Kettles This Holiday Season

November 16 2021

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• Contactless

“No cash? No problem. Today, Visa (NYSE: V) announced a pilot program with The Salvation Army and tiptap to make donations contactless at The Salvation Army’s iconic Red Kettles this holiday season. When shoppers hear those familiar bells, they’ll be able to give back by simply tapping their contactless card, phone or watch on the […]