Systemwide contactless-fare technology, which has been available mainly for mass-transit systems in major cities, is starting to find its way into smaller towns. Cubic Corp. on Tuesday said it will install its Umo mobility platform in buses serving the Canadian town of Sault Ste. Marie, Ontario, population 72,000. The system, …
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Cashless And Contactless Sales in Unattended Retail Post Robust Gains
Cashless sales in unattended retail locations, such as vending machine and kiosks, jumped significantly in 2021, totaling 62% of sales in October 2021, up from 51% in January 2020, says a report from vending-machine specialist Cantaloupe Inc. As a result of the rise in cashless sales, the percentage of cash …
Read More »A Contactless Boom Boosts CPI’s Revenue; BNPL Users To Top 900 Million; Forage Raises $22 Million
A Boom in Contactless Cards Helps Drive a Record Quarter for CPI Card Group
Increasing issuance of contactless cards, along with stronger demand from instant-issuance platforms, are generating tailwinds for at least one of the companies that produce payment cards. CPI Card Group Inc. early Monday cited these factors in reporting record sales for the June quarter, leading top executives at the Littleton, Colo.-based …
Read More »Sionic’s Real-Time Payments at the POS; Transit Contactless Payments a Hit; E-Commerce Sales up 7.5% so Far
Contactless Payment Cements Itself in Transit Payments
Transit riders have made one aspect of their mobility routines abundantly clear. They want to use contactless payments to pay as they commute to work or ride to the beach. A full 91% of transit users in the second Future of Urban Mobility Survey from Visa Inc. either strongly or …
Read More »Chip Shortage Workarounds Abound; FIS Tackles Online Fraud; Contactless Booms On Campuses
Contactless Booms On Campuses And Other Digital Transactions News briefs from 6/29/22
Transact Campus Inc., a specialist in mobile identity and payments for colleges, announced students have conducted more than 100 million contactless mobile-wallet transactions since the company’s start less than three years ago.TenureX, a platform founded in 2020 to enable correspondent-banking relationships, has added an extension to its Digital Transaction Certificate …
Read More »Square Adopts Apple’s Tap to Pay; 2 Billion Contactless Cards; Plus Weekly Recap
Contactless Card Shipments Broke Through the 2 Billion Barrier for the First Time in 2021
Despite a persistent shortage of microchips, global shipments of contactless cards hit the 2-billion mark for the first time in 2021, totaling 2.63 billion for the year, according to the Smart Payment Association, a Munich-based trade group. Propelling the surge was the shipment of an additional 269 million contactless cards …
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