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Risky Contactless Transactions? Consumers Adapt to Touch-Free Shopping and Payments; Blackhawk To Distribute Covid-19 Relief Cards
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Amidst a Pandemic, Consumers Adapt by Adopting Touch-free Payments and Shopping
The use cases for contactless payments have been there all along, but the Covid-19 pandemic is turning out to be a major motivator in adoption of the touch-averse technology. Evidence comes in a roundup of data from the U.S. Payments Forum, a Princeton Junction, N.J.-based payments association. In its latest …
Read More »Consumers Would Switch Merchants for a Contactless Payment Option, Says a Visa Survey
Contactless payments apparently have sway with U.S. consumers. Fifty-four percent of them would switch to a new store that offers contactless payments, according to a global survey by Visa Inc. measuring changes in payments habits in the face of the Covid-19 pandemic. The effects of the pandemic, and the resulting …
Read More »Pulse Is a Discover Bright Spot; Google Tests No-Fee Selling; 75% of Consumers Prefer Contactless Cards
75% of Consumers Prefer Contactless Cards and other Digital Transactions News briefs from 7/23/20
Some 75% of U.S. cardholders prefer contactless cards to card swipe, mobile payment, inserting a chip card, and cash, according to a survey of 1,000 cardholders by card-technology specialist Entrust Datacard.Alliance Data Systems Corp., a provider of private-label card programs, reported a 27% year-over-year drop in revenue for the second quarter to …
Read More »An ISO’s Loyalty Pitch; Consumers Embrace Cardless ATMs; A Processor’s Employees Get Catch-Up Pay
Real-Time Account Validation Advances; What Will Consumers Do Next? Plus Weekly Recap
Will Consumers’ Payment Habits Return to Their Pre-Covid-19 Patterns?
Before being upended by the Covid-19 pandemic, the payment choices U.S. consumers made were fairly stable. The biggest changes from 2018 to 2019 were an upswing in online bill payments and continued slippage in cash usage, according to new findings from the Federal Reserve Bank of Atlanta. Based on a …
Read More »As Restrictions Lift, Parking Apps Look to Serve Cooped-up Consumers Who Want Touch-Free Payments
Pundits have argued for weeks that the Covid-19 pandemic is shifting consumer payment habits away from anything that requires touching publicly available devices, and now that trend is showing up in that most mundane of activities, parking a car. To be sure, parking transactions even via a mobile app have …
Read More »FIDO Alliance Launches Effort To Make Consumers Aware of Its Authentication Technology
After years of working with Internet firms and payments and tech companies to develop its authentication standards, the Fast IDentity Online (FIDO) Alliance on Wednesday unveiled a Web site to familiarize consumers with its work and a symbol that indicates a Web site or device is using its technology. The …
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