Payments News

On The Web

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Tech

New York Straphangers Give Contactless Payments a Boost

“The New York City area’s Metropolitan Transportation Authority on Wednesday activated 96 contactless card readers in Manhattan’s Penn Station, one of the nation’s busiest transit hubs, in its quest to accept contactless payment cards and mobile-payment apps across its vast subway and bus system by the end of next year. The MTA also said it […]
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Tech

Discover Begins US Contactless Card Rollout

“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

Contactless Payments Set to Triple to US $6tn by 2024

“Global contactless transaction values will reach nearly US$6tn in 2024, up from US$2tn today, Juniper Research forecasts. “This increase will be driven by significant growth in OEM Pay and contactless card transaction values, especially in the US,” the analysts say. Improvements in China’s contactless POS infrastructure will also be a key driver of the increase, […]
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Industry

WHO Encourages Use Of Contactless Payments Due To COVID-19

“As part of the COVID-19 outbreak, central banks have resorted to quarantining physical bills and some are even going so far as to burn banknotes. South Korea’s central bank, the Bank of Korea, has implemented a quarantine policy for physical notes that come in from local banks. They’ll keep banknotes in a safe for up […]
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Tech

Dual-Interface Chip Card Sales Lift CPI Card Group

“As the payments industry reeled Monday morning during yet another wild session on Wall Street, card manufacturer CPI Card Group Inc. provided a glimmer of hopeful news when it reported improving financials thanks in part to growing sales of dual-interface cards. Littleton, Colo. based CPI said fourth-quarter sales in its U.S. credit and debit segment […]

On The Wires

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