Chip and PIN cards remain consumers’ first choice over contactless
Online research from Equifax, shows that using a debit or credit card with a PIN number is still the preferred method of payment for 42% of people in the UK. Contactless methods followed at...
Success of contactless peaks as shoppers demand wearable payments
One quarter (26%) of British shoppers expect to start using contactless payments with a smartwatch, bracelet, keyring or other forms of wearable payments, according to new figures from Mastercard.
In the UK, contactless spend on...
HCE and EMV Tokens – causing an inflexion point in mobile payments proliferation
In the Netherlands, mobile payments using HCE are becoming ubiquitous. Other European countries, such as Belgium, France or Germany follow the same trend, with adoption rate reaching in some cases 40% yearly increase.
One of...
Mobile payments soar 300% as part of the contactless revolution
As the recently launched iPhone X makes mobile payments even easier with Face ID, MoneySuperMarket reveals that a quarter (23%) of Generation Z predicts physical cards will soon be obsolete as mobile payments reign supreme.
The new...
The World’s most cashless countries – Infographic
A new study has found the countries among the 20 largest economies who are adapting quickest to using cashless systems like phones and contactless cards – revealing that Canada narrowly edges out Sweden for...
Wells Fargo ATMs launch NFC-enabled mobile wallet capability
Wells Fargo & Company say that debit card customers can use the company’s ATMs without their card with NFC functionality that is launching at more than 5,000 ATMs across the US.
The feature is activated using...
Contactless payments are No.1 payment choice for UK market
The UK is a world leader in contactless payments. The widespread adoption of contactless in the UK was a gradual process but over the past few years contactless use has grown exponentially.
In just a...
Mastercard piloting turning smartphones into payment terminals
Mastercard unveiled a pilot project in Poland, turning smartphones into payment terminals for accepting contactless payments. The solution is aimed at small and micro merchants that have traditionally taken cash payments, providing them with a...
UK contactless spend tops £370 million in H1 2017
Mobile contactless transactions topped £370 million in the first six months of 2017, a 336% year on year rise in spending, according to the latest transaction data from payments processor Worldpay.
The use of mobile...
Cash still king but consumers are turning to contactless
The number of cash payments decreased by 11% between 2015 and 2016, but it still remains the most frequently used payment method in the UK, according to new data published by UK Finance.
Consumers and...