Stax

OCTOBER 21, 2024

Accepting credit card payments at your business is a surefire way of increasing customer satisfaction and retention. Over 80% of American adults owned at least one credit card in 2023. Also, credit cards contributed to 27% of the spending at point-of-sale (POS) systems worldwide. Don’t believe it? Why does this matter to you?

Credit Cards 88

Credit Cards Process Processors Processing Costs 88

Stax

NOVEMBER 13, 2023

Since the first plastic credit card was issued by American Express in 1959 , payment tech progress has been growing exponentially. EMV chip card technology had a good two decades or so, beginning in the mid-’90s. Most modern card readers and payment terminals are NFC-equipped.

Contactless Payments 88

Contactless Payments Push-to-Card Online and Mobile Banking Encryption 88

PYMNTS

MARCH 27, 2017

As card swipes turned to chip insertions across the U.S., Recently, to combat long lines and payments fatigue, financial, merchant service and mobile payment company Square rolled out a firmware update to its chip payment terminals. Contactless credit cards and mobile wallet use have seen a slow rate of adoption in the U.S.,

CHIPS 41

CHIPS Chip Cards Push-to-Card Debit Card 41

FICO

DECEMBER 18, 2019

Card-not-present (CNP) transactions, which are primarily conducted online, have quickly become the most common transactions made among consumers. Debit cardholders use their cards far more often, but for smaller amounts: nine times on average for a total of £500 (roughly $700 or €560) per month per account.

Fraud Detection 52

Fraud Detection Push-to-Card Authentication Credit Cards 52

PYMNTS

AUGUST 2, 2018

In it, CEO Tim Cook credited much of Apple Pay’s recent growth to its increasing use in mass transit. Transit is another important area of growth and Apple Pay can be used with iPhone and Apple Watch to quickly and conveniently ride public transit in 12 metropolitan areas.”. Visit a major U.S. OK, that might be an exaggeration. Contactless Visions.

Contactless Payments 40

Contactless Payments Chip Cards Push-to-Card CHIPS 40

PYMNTS

AUGUST 18, 2016

Why do mobile payment users choose another method if they have taken the trouble to load their card data? There is a difference in the choice of debit or credit card as a funding source among users. Meanwhile, only 44 percent of Apple Pay users prefer to use a debit card as a funding source and 50 percent use a credit card.

Mobile Payments 40

Mobile Payments Payments Push-to-Card Debit Card 40

PYMNTS

MAY 23, 2016

MCX coalition members hoped that the scheme would be attractive enough to consumers that many of them would shift away from what they were using in the store — branded plastic cards — to its mobile payments scheme. Back stateside, it was another blockbuster week and just in time for the summer blockbuster season. Need to know more?

EMV 43

EMV Mobile Payments Push-to-Card Chip Cards 43