PYMNTS
JUNE 5, 2019
percent between 2017 and 2026. The company recently launched a new reader that’s compatible with mobile wallets, such as Google Pay and Apple Pay. Tech giant Apple is also upping its payments game. This is especially true in North America, where consumers are still heavily reliant on plastic cards and cash payments.
FICO
DECEMBER 20, 2022
Credit cards have seen record growth and near-record balances through 2022, and alternative payment methods are booming, including everything from ACH and real-time money transfers to phone-based systems like Apple Pay and Google Pay. Customers say BNPL can be even easier and more flexible than a credit card.
South State Correspondent
OCTOBER 25, 2023
The rise of card-not-present transactions for phone and then e-commerce, starting in 1994, cannibalized check volume, as did Paypal, retail ACH for phone and internet transactions in 1998. The debit card started to rise in popularity in 2004, as did an explosion of ATMs in 2005, affording the general population more access to cash.
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