News Topic: Contactless payments
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What Apple's pact with Stripe means for the point of sale
Canadian transit agencies get on board with contactless debit
Cash not only survived the pandemic — it came out stronger
NYC transit agency builds new strategy around contactless payments
Card industry braces for security threats from quantum computing
Visa tests tech that turns smartphones into point-of-sale terminals
An industry transformed: Payments after the pandemic
EMVCo updates contactless rules to simplify device-reader connection
NFC or QR codes? Both have a path forward in mobile payments
Even a small credit union couldn't escape the demand for contactless payments
Early in the pandemic, Michigan's Astera Credit Union realized that if it could not support touchless transactions, its members were likely to go elsewhere. ]] ... Read full article
The cashless Super Bowl is coming three years early
Visa and partners fast-tracked the big game's digital overhaul as the pandemic caused a sharp spike in demand for contactless payments. ... Read full article
Visa: COVID-19 payment habits may be here to stay
Most consumers expect to be offered a variety of digital payment options in stores in a post-COVID-19 world, and small and midsize business believe that change will be permanent, a Visa study finds. ... Read full article
How the latest cashless movement is hurting the unbanked
The pandemic has changed Americans’ tolerance for germ-laden cash transactions. Aaron Klein, the Economic Studies Policy Director at the Brookings Institution is worried about how the latest stride toward a cashless society is impacting lower-income ... Read full article
Contactless payments will miss the boat without 'in time' funding
Digital wallets arguably reached a tipping point this spring when contactless payments jumped 40% in response to concerns that cash and payment terminals were helping to spread the coronavirus, Vidya Peters of Marqeta writes. ... Read full article
Contactless payments: The future is here
Whether they take the form of a mobile wallet or a touch-free credit card, contactless payments are poised to take off as consumers — wary of using terminals and ATMs or handing cards back and forth — change their habits. ... Read full article
Pandemic and protests: How the tumult of 2020 will forever change banking
A global health crisis. Economic free fall. A reckoning over racism and inequality. We will not be the same after this — and neither will banking. ... Read full article
New Verizon credit card reflects shifts in consumers’ spending habits
With Americans traveling less due to the pandemic, the card, issued by Synchrony, is tailoring rewards to everyday purchases, such as groceries. It also has a contactless feature that could appeal to shoppers fearful of touching terminals. ... Read full article
Why Samsung is following Apple, Google into consumer banking
In announcing its plan to offer a deposit account and debit card in partnership with SoFi, the mobile phone maker suggested that the coronavirus pandemic will accelerate consumers’ adoption of contactless payments. ... Read full article
CFPB accused of fudging data to alter payday rule; permanent shift from cash?
A former economist says high-ranking officials engaged in “legally risky” behavior to downplay consumer harm; online payments and contactless transactions jumped in the first quarter, and some think the new habits will stick. ... Read full article