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Mobile Wallets and Contactless Payments Ever Popular; Eye on AI; Plus Weekly Recap
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Mobile Wallets and Contactless Payments Growing in Popularity, NFC Forum Says
Consumers are not only favoring contactless payments more, they are relying more on their mobile wallets to initiate payments, according to the NFC Forum’s bi-annual Near Field Communication Usage and Adoption study. The study, conducted by ABI Research, reveals that 95% of respondents have left their physical wallets at home …
Read More »Mastercard Part of Mercedes pay+; Shift4’s Nonprofit Boost; Contactless Payments To Surge
Contactless Payments To Surge And Other Digital Transactions News briefs from 9/25/23
The number of digital transactions globally will rise 12% in 2024 to cross the 1-trillion mark, Juniper Research forecasts. Near-field communication (NFC) payments, otherwise known as tap-and-pay, will grow fastest, at 30%, followed by digital ticketing (19%), according to Juniper. The Canada-based commerce platform Shopify will enable payments for India-based e-commerce merchants directly on …
Read More »CFPB Takes on Big Tech’s Contactless Role; What’s Better than BNPL for Merchants? Plus Weekly Recap
Contactless, Mobile Wallet Use of Debit Spikes; Presto’s Restaurant Tally Adds up; Plus Weekly Recap
Contactless And Mobile Wallets Are Gaining Ground Among Debit Users, a Pulse Study Finds
Consumer affinity for in-person transactions that reduce points of contact are taking hold as contactless payments made with debit cards swelled to 16% of the U.S. card-present share last year from 8% in 2021. It’s a similar story with debit cards used with mobile wallets. Their use increased from 5% …
Read More »Toronto Transit Adopts Contactless Payments; PayPal Picks New CEO; Waffle House Goes Contactless
Interac Enables Toronto Residents to Make Contactless Transit Fare Payments
Interac, Canada’s national debit network, has partnered with the Toronto Transit Commission, Canada’s largest transit agency, to make contactless payments available across the transit system. Beginning Aug. 15, riders will be able to pay for fares at TTC turnstiles, on buses and street cars, and at Wheel-Trans, Toronto’s transit service …
Read More »Waffle House Goes Contactless And Other Digital Transactions News briefs from 8/14/23
The Waffle House restaurant system has adopted chainwide contactless payment capability, including mobile-wallet acceptance, through the Oracle Payment Cloud service. A startup called iWallet said it will adopt FedNow for mobile check deposits. The Federal Reserve launched the FedNow real-time payments service last month. MarginEdge, a bill-payments provider, launched a mobile bill-payment app for restaurant operators …
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