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As has been widely reported, contactless cards and payments are now the method of choice for the vast majority of consumers in developed markets. However, new research from Swedish biometrics... more

The post Contactless card payments trump mobile wallets – consumer doubts persist… appeared first on Payments Cards & Mobile.

Developments in technology leading to contactless payment cards have led to several trends in the past years. POS payments grew stronger while cash withdrawals at ATM by card declined; card... more

The post Are payment cards still rising? appeared first on Payments Cards & Mobile.

Payment cards were used for purchases with a value of $25.1 trillion worldwide in 2017, an increase of 13% on the year before. Although card expenditure is growing strongly, it... more

The post Global card expenditure to reach $45 trillion by 2023 – contactless driving growth appeared first on Payments Cards & Mobile.

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 34%, with the vast majority of these respondents (31%) preferring a contactless card to using their phone or wearable technology (3%). [...]

The post Chip and PIN cards remain consumers’ first choice for payments over contactless appeared first on Payments Cards & Mobile.

So, contactless card fraud hit £7m in the UK in 2016, up from £153k in 2014. Cue click-bait headlines about fraud soaring by almost 4,500%. When you dig a bit deeper, this is both mischievous scaremongering and quite misleading. contactless card, card fraud, contactless fraud, fraud Salacious spending spree Firstly, the article explains how contactless card theft allows [...]

The post Contactless card fraud is on the rise – UK rate hits 4,500% appeared first on Payments Cards & Mobile.