CONTACTLESS PAYMENTS WILL BE THE US FUTURE.

11 September, 2018. Posted in Card & Payment

For the last several years the United States has been lagging behind most of the rest of the world when it comes to contactless payments technology, but all of that is starting to change.

The United States is poised to make a great leap in contactless payments and as it does it will improve the experience for everyone in the payments chain – especially for consumers making small purchases, such as a coffee or a fill-up at the gas station.

U.S. Contactless payments by the numbers:

• 46% of transactions occur at contactless enabled merchants
• 70% of locations are capable of contactless
• 80% of U.S. Visa® transactions occur face-to-face
• 98% of face-to-face transactions in mature contactless markets originate on card

– Source: atmmarketplace.com –