More and more Americans are turning to mobile for their payment needs including banking, bills and money transfers, according to the latest research from Fiserv. The research also touched upon the importance of awareness and education when consumers decide on using new payment methods.
New data from Worldpay, which surveyed 4,000 shoppers in Europe, shows the continent is becoming more tech-savvy and a keen adopter of new payment technology.
In just under a year since the contactless spend limit was increased from £20 to £30, spending using the technology has increased by 173% by value and 112% by volume, according to latest figures from Barclaycard.
Just under twenty percent of all card purchases are now being made on contactless cards, according to new data from the UK Cards Association.
Europe continues to see rapid adoption of emerging payment technologies as consumers in digitally savvy countries like Sweden and the UK continue to drive adoption of methods like contactless across the region. In our latest infographic we take a look at what the latest numbers tell us about the evolution of payments in the region and what they tell us about the future of cash, cards and contactless.
In April, the number of debit cards in the UK passed the 100 million milestone, marking an increase of 2.7% from 2015, according to The UK Cards Association. We took an in-depth look at how debit cards have performed in the last 12 months.
The payments industry absolutely loves its acronyms: PSD2, HCE, NFC, ECB. But what do they all mean? If you think you know, then this is the quiz for you!
We take a quick look at recent data from Barclaycard that shows where the British public liked to pay using contactless payments.
Whilst the payments industry likes nothing more than to go with the hype, it is always good to check in on the data and see how people are paying. Here we look at the latest data from two payment methods on polar ends of the payments spectrum: contactless and cash.
PAY.ON, an ACI Worldwide company, delivers white label global payment gateway solutions to payment service providers, ISOs, acquirers, ISVs, and VARs, enabling them to fully outsource payment transaction processing or integrate a gateway-to-gateway solution.
Michael Kaplan, CRO and General Manager at PayNearMe
