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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.

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Fed Banks’ Study Reports Rise In Card, ePayments

PYMNTS

In the fifth official study conducted by the Federal Reserve Banks of Atlanta, Boston, Richmond and San Francisco, the 2018 Diary of Consumer Payment Choice (DCPC) detailed the cash and non-cash payment behavior of U.S. The survey measures payment behavior via the daily recording of the spending of U.S. And consumers in the U.S.

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Mobile Order-Ahead Sector Goes All-In On AI

PYMNTS

As the Mobile Order-Ahead Tracker® states, “AI can be leveraged to analyze and tally credit card transactions similar to how banking transactions are examined. To illustrate how AI adoption is playing out in the field, the November Mobile Order-Ahead Tracker® contains a deep dive on the efforts of the Colorado-based Boston Market chain.

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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. The ability for merchants to surcharge in the U.S. is nothing new.

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Fed Concerned Trade War Could Trigger Recession

PYMNTS

Since the September Federal Reserve meeting, surveys and other economic data have hinted that weakness in manufacturing might be spreading into other parts of the U.S. Esther George of the Kansas City Fed and Eric Rosengren of the Boston Fed voted to “keep the target range unchanged,” the news outlet said. growth in general.

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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.

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Plugging Expense Leaks With Spend Management Solutions

PYMNTS

An employee’s accidental use of her corporate card to pay for groceries isn’t a crime, but it does fall under the heading of “ friendly fraud ,” which creates friction for the accounting department. Weddings and events are another sector experimenting with card-based spend management efforts. Disrupting Paper-Based Systems.