Clearly Payments

OCTOBER 7, 2024

As lockdowns and social distancing measures took effect, consumers were forced to adopt digital channels for shopping and payments, leading to a significant rise in e-commerce. in 2020, reaching $4.28 Rise in Contactless Payments Contactless payments emerged as a safer, more hygienic alternative to cash during the pandemic.

Cross-Border 88

Cross-Border Processors Multi-Currency Contactless Payments 88

FICO

APRIL 13, 2022

The pandemic payments trade-off . Contactless payments have rocketed as the risk of spreading disease by touching money and payment terminals saw the world's consumers adopt a 'no-touch', socially distanced approach to transacting. For consumers, contactless payments have given them convenience, ease and security.

Contactless Payments 52

Contactless Payments Push-to-Card Payments AI 52

Stax

JULY 9, 2024

There’s no question that cashless payment systems and digital payment adoption have accelerated over the last few years. In 2019, 77% of US consumers were using at least one type of digital payment system. By the end of 2020, that rose to 78%. Learn More What Exactly Constitutes a Digital Payment?

Digital Payments 163

Digital Payments Online and Mobile Banking Contactless Payments Payments 163

PYMNTS

JANUARY 28, 2021

A transformation toward contactless payments is underway at the nation’s credit unions as the public shuns cash and even physical cards to lower infection risks with COVID-19. This change in consumer behavior is expected to remain even after vaccines are more widely distributed. The High Stakes Of Offering Contactless.

Contactless Payments 74

Contactless Payments Credit Union Innovation P2P 74

PYMNTS

DECEMBER 14, 2020

The 2020 holiday shopping season is picking up, and consumers are heading online or to reopened brick-and-mortar stores to shop and pay for gifts. They are using everything from cash to mobile wallets to complete these transactions, requiring retailers to race to accommodate a wide variety of payment methods.

Consumer 139

Consumer Contactless Payments Payments Authentication 139

PYMNTS

OCTOBER 20, 2020

It’s just a week into the earlier-than-usual 2020 holiday selling season and already three facts are clarifying the retail picture: consumers are going to spend less overall, they are going to spend more time online and they don’t want to touch anything in the process. percent of consumers will spend more than they did in 2019.

Consumer 63

Consumer On-Demand Contactless Payments Checks 63

PYMNTS

OCTOBER 14, 2020

When the chips are down, consumers love and trust their debit cards. Debit cards remain the payment method of choice among U.S. consumers, regardless of whether they are shopping online or in stores, according to recent reports,” notes PYMNTS October Next-Gen Debit Tracker® done in collaboration with PULSE , A Discover Company. “One

Consumer 73

Consumer Debit Card Debit Network Identity Theft 73

PYMNTS

JANUARY 1, 2021

The consumers who shopped for anything from groceries to sporting goods to cars in December of 2019 are completely different from the ones who shop today. Office shifters plan to use digital shopping options more than other consumers after the pandemic has passed,” the report noted. How She Thinks About Vaccines.

Consumer 144

Consumer Debit Card Contactless Payments Research 144

Clearly Payments

AUGUST 24, 2024

Summary of Statistics in this Article In the United States, contactless payments accounted for 34% of all debit card transactions in 2023, a significant increase from 19% in 2020. By 2023, it was estimated that 67% of global consumers had used a digital wallet, with debit cards being the most commonly linked payment method.

Debit Card 82

Debit Card P2P Cross-Border Central Bank 82

PYMNTS

APRIL 6, 2020

Among its many profound impacts, the COVID-19 pandemic has dramatically altered how consumers shop. Even before large-scale stay-at-home policies went into effect, most consumers sought to limit direct contact with people and objects as much as possible when they went out. For the 2020 report, PYMNTS surveyed more than 5,500 U.S.

Point-of-Sale (POS) 93

Point-of-Sale (POS) Consumer Shutdown Contactless Payments 93

PYMNTS

DECEMBER 24, 2019

About 31 percent of consumers now own voice-activated devices, up from 27 percent in 2018 and 14 percent in 2017. The rise of voice is the big factor behind the rise of smart homes, where consumers are doing more commerce and payments. That’s not all — voice is becoming more emotionally attuned to consumers.

Consumer 64

Consumer Zelle P2P Real Time Payments 64

PYMNTS

JULY 23, 2020

Today’s consumers cringe if you ask them to use a keypad to type their phone number for loyalty program identification,” said Jerry Cressman , chief financial officer at Paytronix. That physical component raises a safety concern, forcing consumers to decide whether the loyalty reward is worth the risk.

Transactions 63

Transactions Consumer Contactless Payments Risk 63

PYMNTS

OCTOBER 31, 2019

Seven years ago, when Visa first started working on bringing contactless payments to London’s Mass Transit system, the landscape for tap and go cards looked very different. In Europe, contactless card-based payments have come to dominate face-to-face payments. “In And while the progress in the U.S.

Contactless Payments 46

Contactless Payments Push-to-Card Payments Enrollments 46

PYMNTS

NOVEMBER 26, 2020

Something to bear in mind in 2020, when, as was the case in 1939 when Thanksgiving got its last major revision by presidential order, Americans are celebrating the holiday facing a national crisis, deep economic uncertainty and preparing to celebrate their holiday very differently and far more digitally than they ever have before.

On-Demand 107

On-Demand Consumer NOV Continuity 107

PYMNTS

MAY 6, 2020

The appeal of contactless payments has skyrocketed since the pandemic hit across the globe. Payment network giants such as Visa and Mastercard said in their most recent earnings reports that contactless payments , especially in face-to-face transactions, surged by double digits year over year. The Great Unknown.

Consumer 87

Consumer Contactless Payments Push-to-Card Payment Networks 87

PYMNTS

DECEMBER 26, 2019

A year from now then, by December 2020, it’ll be interesting to see where we’ve been and where we thought we’d be — and what might come next. 31, 2021 might show in terms of the top trends impacting payments and commerce 365 days from now, might prove to be prescient, instructive, erroneous or even amusing.

Real Time Payments 55

Real Time Payments Online and Mobile Banking Payments Contactless Payments 55

PYMNTS

JULY 29, 2020

Visa managed to come out ahead of analyst expectations for both revenue and earnings when it reported its Q2 results yesterday (July 29), but the world’s largest card network found itself hit hard by plummeting consumer spending in the second quarter. For the quarter that ended June 30, Visa reported net income of $2.4 billion, or $1.07

Consumer 68

Consumer Cross-Border Cross-Border Payments Volume 68

PYMNTS

JANUARY 15, 2021

The use of QR codes is growing more popular in the United States, enabling consumers to instantly access information and easily pay on their smartphones without going through a URL entry. The year 2020 was a game-changer for QR codes, with high demand for safer, more convenient contactless payments fueling their growth.

Contactless Payments 82

Contactless Payments Security Point-of-Sale (POS) On-Demand 82

PYMNTS

APRIL 21, 2020

The coronavirus pandemic winds on, and while it seems like it’s been forever, when — and not if — we emerge from all this, consumer spending will be altered. percent year over year as measured by PSCU for the 13th week of the year (week of March 23, 2020, compared to week of March 25, 2019). The Shift In Payments.

Consumer 67

Consumer Credit Union Credit Cards Debit Card 67

PYMNTS

NOVEMBER 25, 2020

But like so many other things this year, that image might be on hold for 2020. The sidewalks and shops will likely be less crowded, and if consumers are wearing smiles, they’ll likely be obscured by masks as it seems COVID-19 pandemic cases will be ringing in the year on the rise.

Contactless Payments 123

Contactless Payments PayPal Small Business On-Demand 123

PYMNTS

OCTOBER 20, 2020

The launch of the Apple Pay mobile wallet has long been seen as Apple’s attempt at replacing consumers’ use of plastic cards for in-store purchases as their primary payment method. To what extent has it succeeded in changing consumers' use of plastic cards at the point of sale (POS) in physical stores? Today, Oct.

Consumer 79

Consumer Point-of-Sale (POS) Contactless Payments On-Demand 79

PYMNTS

NOVEMBER 20, 2020

Wearable device sales have shot up at least 30 percent this year as consumers looked to technology to help them monitor their health during the ongoing global pandemic, according to a top Samsung executive. Wearables have also expanded their features to include digital payments.

NOV 60

NOV Contactless Payments Digital Payments Visa 60

PYMNTS

NOVEMBER 3, 2020

But the running theme through all of the frustration that 2020 has created is uncertainty and the feeling that one never quite knows what’s going to happen next. consumers across demographics and geographies for months about how their lives have changed (or not) since the pandemic began. Here are nine key takeaways from our surveys: 9.

Consumer 136

Consumer Posting Volume PayPal 136

PYMNTS

DECEMBER 31, 2019

The PYMNTS 2019 end-of-year survey of 30 executives asked for payment-related predictions that could (theoretically) be placed in a time capsule to be unearthed 12 months hence. Yet, a year from now, we’ll be knee-deep in wrapping paper, and just emerging from the post- holiday frenzy of 2020. According to Akash Garg, U.S.

Point-of-Sale (POS) 68

Point-of-Sale (POS) Embedded Payments Contactless Payments BNPL 68

PYMNTS

NOVEMBER 16, 2020

16) that the company is seeing new consumer spending trends as a result of the pandemic. Speaking at the Citi 2020 FinTech Conference , Vosburg recounted some of the trends seen in the latest quarter and beyond, saying “we see moderate levels of growth” in overall transaction volume and in spending levels and transactions.

Consumer 87

Consumer Cross-Border Visa NOV 87

Clearly Payments

OCTOBER 3, 2024

trillion , representing a substantial portion of consumer spending. Total Credit Card Payments Amount in the USA by Year Year Credit Card Purchase Volume in USA (USD Trillions) 2013 $2.5 trillion 2019 $4 trillion 2020 $3.8 trillion The adoption of payment terminals in the USA has seen significant growth over the past decade.

Credit Cards 83

Credit Cards Contactless Payments Payments Point-of-Sale (POS) 83

PYMNTS

NOVEMBER 20, 2019

Payments credit union PSCU is prepared to handle what they predict will be a rush in 2020 to adopt contactless cards, the company said in a press release on Wednesday (Nov. In 2020, PSCU anticipates distribution of more than three million new contactless cards to 100-plus credit unions.

Credit Union 47

Credit Union Credit Union Service Organization Contactless Payments NOV 47

Fintech Finance

FEBRUARY 26, 2024

New Consumer Spend data from Barclays’ annual contactless trends report has revealed that 2023 was another record-breaking year for ‘touch and pay’, further cementing it as the UK’s most popular payment method, owing to its speed and convenience. In 2023, the percentage of active users among 85–95-year-olds (80.1

Contactless Payments 52

Contactless Payments CHIPS Mobile Payments Transactions 52

PYMNTS

JANUARY 26, 2021

Consumers’ migration to using contactless payment methods more often for their speed and convenience was only accelerated during the onset of the pandemic last year. It is easy to see why contactless payments are growing in a time of social distancing and touchless safeguards to prevent spreading the virus.

Credit Union 110

Credit Union Contactless Payments Online and Mobile Banking Credit Union Service Organization 110

PYMNTS

JANUARY 7, 2021

The new year is here, and the grocery business gets to finally close the book on a difficult and complicated 2020. According to the South China Morning Post, wider aisles, bigger entry/exit points and contactless payment technology are attracting new investments. is for consumers to feel safe and comfortable inside stores.

Contactless Payments 81

Contactless Payments Payroll Adjustments Consulting 81

PYMNTS

SEPTEMBER 29, 2020

Consumers shifted their buying preferences nearly overnight, and an expert panel recently joined Karen Webster for PYMNTS’ latest “On The Agenda” discussion to look at how retailers must ready themselves for the digitized landscape of the future. There are real opportunities for those brands that deeply understand their consumer.”.

Consumer 100

Consumer Push-to-Card Contactless Payments Adjustments 100

Finovate

AUGUST 28, 2024

Founded in 1994, Shift4 offers a range of in-person and online payments solutions, including physical point-of-sale, mobile ordering, and contactless payment solutions. Financial services platforms also leverage gift cards to promote customer engagement with personalized rewards and loyalty programs that drive consumer spending.

Acquirers 59

Acquirers Point-of-Sale (POS) Fraud Prevention Contactless Payments 59

PYMNTS

SEPTEMBER 18, 2020

Shoppers flocked to digital platforms in the first months of COVID-19 as “nonessential” brick-and-mortar stores closed – and a number of consumers don’t have any intentions to go back. Moreover, a number of consumers have expanded their utilization of contactless payments to reduce the risk of viral transmission.

Contactless Payments 64

Contactless Payments Risk Consumer Payments 64

PYMNTS

JANUARY 25, 2021

Mastercard has applied new quantum-resistant technologies in order to develop a new kind of contactless payment, according to a press release emailed to PYMNTS. The new Enhanced Contactless (Ecos) specifications will come along with the demand for more efficient, safer products overall, the release stated.

Visa 124

Visa Technology Point-of-Sale (POS) Contactless Payments 124

PYMNTS

SEPTEMBER 28, 2020

Many have concerns about things like being taken advantage of by the legions of fraudsters who’ve followed consumers on their new digital journeys. Merchants also have questions about where to start when it comes to adding options like contactless payments or mobile features. Strengthening The Digital Offering.

Small Business 94

Small Business Contactless Payments Economy Mitigation 94

Clearly Payments

NOVEMBER 6, 2024

The payment processing market in the United States has demonstrated robust growth, driven by rising consumer demand for digital payments, advancements in financial technology, and the expansion of e-commerce. Credit Card Transaction Volume : Credit card payments specifically accounted for around $5.6 trillion 2020 $3.8

Process 95

Process ISOs Credit Cards Online and Mobile Banking 95

PYMNTS

OCTOBER 5, 2020

Americans consume roughly 13 billion quarts of popcorn every year, roughly 30 percent of that at the movies. Well, that was back when theatres were open, before COVID, and going to the movies was a regular part of a consumer’s routine. consumers, as well as the behavior of a sample of Main Street business owners. 10 and Sept.

Consumer 122

Consumer Volume Continuity Returns 122