Remove Contactless Payments Remove Online and Mobile Banking Remove Push-to-Card
article thumbnail

Preparing Merchants For The Coming Mobile Wallet Boost

PYMNTS

As PYMNTS found in a recent consumer study, 40 percent of individuals are doing more of their daily retail and transactions online, partly because, well, there’s no other way to do it. Merchants, he said, “need to make sure they not only accept credit cards but also contactless payments.”. As Good noted, four in 10 U.S.

article thumbnail

Is APAC Ready for a Cashless Future?

Fintech News

It’s a tale of a cultural shift, governments and innovators working in tandem, and millions leapfrogging traditional banking to embrace a mobile-first approach to finance. With global digital wallet payments projected to reach US$19.6 Here, smartphones aren’t just for calls and texts – they’re becoming the new face of money.

APACS 110
article thumbnail

Deep Dive: Why Contactless Payment Innovation Is Key For CUs Amid The Pandemic And Beyond

PYMNTS

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. Offering touchless payments thus has the potential to drive merchants’ performance through consumer preference.

article thumbnail

Visa: US Contactless Payments Primed For A Big 2020

PYMNTS

When Visa launched a contactless payments pilot with New York’s Mass Transit Authority (MTA) seven months ago, the company started small, and with modest goals. This “public pilot” made contactless payments available on a few train lines, and only at 16 stations, including Grand Central Station and Union Station.

article thumbnail

Can the Future Really be Cashless, as Greggs & Sainsbury’s Unable to Take Card Payments

The Fintech Times

After years of pushing to a fully digital payments landscape that will in theory see a cashless economy in the (reasonably) near future, it could all come tumbling down after a series of technical issues that has seen major retailers unable to process card or contactless payments and once again relying on notes and coins.

article thumbnail

From Why To How Fast: Getting Contactless Payments Up To Speed In Public Transportation

PYMNTS

Fernando Souza , vice president at payments platform CyberSource , a Visa solution, told PYMNTS in a recent conversation that such fears have public transit systems around the world looking at moving to EMV contactless payments and away from cash, paper tickets and closed-loop, card-based systems.

article thumbnail

Tap to Pay: What It Is and How It Works

Stax

Since the first plastic credit card was issued by American Express in 1959 , payment tech progress has been growing exponentially. Magnetic stripe payments enjoyed a 30-year reign between the ’70s and ’90s. EMV chip card technology had a good two decades or so, beginning in the mid-’90s.