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Deep Dive: Why Contactless Card-Not-Present Transactions Are Gaining New Momentum

PYMNTS

Customers are also looking for options like digital and card-not-present (CNP) transactions that allow them to make eCommerce purchases as smoothly and seamlessly as possible. . Safety Concerns Encourage Contactless Card Use . percent of cards in circulation at that time were capable of making such payments. percent of U.S.

Cards 130
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Retailers Team With Providers For eCommerce Payments’ Tear

PYMNTS

Etsy is hardly alone: eCommerce is experiencing year-over-year growth of 14 percent, according to the Payments Powering Platforms Tracker , and merchants looking to capitalize on this rise must accept the preferred payment methods of their customers, which include everything from credit cards to PayPal to Venmo and everything outside and in between.

Retail 131
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Central Banks See Digital Fiat As Complement To Cash, Not Replacement

PYMNTS

And in at least one cue for CBDC design to be taken from cash, the BIS stated that the digital currencies should be as “easy as using cash,” in transactions that can be done through tapping card or scanning a mobile phone, in a bid to encourage adoption and accessibility. In an interview with Karen Webster published Monday (Oct.

Boston 233
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Merchants Gone Wild: The Surcharge Edition

PYMNTS

Since about mid-December of 2018, checking out in the stores here in Boston has become even more of a hassle. Never mind the people who start rummaging around in their purse or wallet to pull out their cards after stepping up to the checkout counter. Merchants, especially in an increasingly tough retail environment, just want the sale.

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Is It Time For Apple To Allow Others Access To The iPhone NFC Chip?

PYMNTS

And you can see it in the hustle by retailers and brands large and small to pivot their businesses and business models — and the disclaimers on just about every retail site starting a week or more ago that orders placed online might not make it in time for Christmas. Source: PYMNTS.com survey of 2,683 consumers conducted between Nov.

Apple 227
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Shared Economy, Last-Mile Logistics Could Help Deliver COVID Vaccine

PYMNTS

According to PYMNTS data , when surveyed directly, 38.4 Imagine if, instead of getting a ‘flu fighter’ Band-Aid at the pharmacy when getting the vaccine, that person got an eGift card that is spendable at the pharmacy. In short, COVID-19’s second wave is building to a terrifying crest just as a vaccine is coming soon(ish).

Arizona 160
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Function Over Flash

Independent Banker

In a Federal Reserve Bank of Boston survey of mobile banking and payment services released in August, roughly three-fourths of about 600 community banks and credit unions in five Federal Reserve districts that were polled were offering some kind of mobile service. View credit card balances, transaction history. Check ordering.