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Will contactless payment cards catch on in the United States?

first_img 7SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr Contactless debit, credit and prepaid cards – payment cards that can be used by tapping a point of sale (POS) terminal or waving the card near the terminal – have been issued by major banks around the world since 2007.  Also referred to as “tap and pay” or “tap and go,” these cards feature an embedded NFC antenna and chip (different than the EMV chip) which allows the card to exchange payment credentials to an NFC enabled terminal with just a wave or a tap. They are touted for both speed and convenience mostly because no signature or PIN is needed.  In addition, transaction amounts using this capability are typically limited to $25 or $50, consistent with the waiving of the need for signature for mag stripe transactions for those amounts.Common in most countries around the worldContactless cards are very common in most developed countries. In the United Kingdom, for example, 88 million contactless cards have been issued and 187.7 million transactions were made in the month of April 2016 out of 1.1 billion global transactions. Overall, the total number of contactless transactions are up 185.9% from the previous year which means consumers like using the cards for their convenient, tap and go capability.In Australia, 66% of cardholders have a contactless card that allows them to tap and pay. Industry data reports that 53% of the Australian cardholders use their cards as tap and pay at least once a week.  In Canada, 10 percent of all domestic transactions are contactless now and said to be growing at the rate of 1% per month. continue reading »last_img read more

Laure sisters team up with Rondina for UST’s Season 81 campaign

first_imgJiro Manio arrested for stabbing man in Marikina Cabuyao City rising above the ashes through volunteerism Don’t miss out on the latest news and information. In Liverpool, Man United sees the pain and path to recovery Recto seeks to establish Taal rehab body to aid community, eruption victims Judy Ann’s 1st project for 2020 is giving her a ‘stomachache’ Reyes said the Tigresses will parade new faces Season 81 that could change the team’s fate after another shaky year as sisters EJ and Eya Laure are ready to wear their stripes for UST.“EJ and Eya are in the pool already, and I also have players in the high school team then there are also others who have expressed their willingness to play for UST,” said Reyes after their crucial 25-22, 20-25, 16-25, 25-17, 15-9 loss to Ateneo Wednesday.FEATURED STORIESSPORTSGinebra beats Meralco again to capture PBA Governors’ Cup titleSPORTSAfter winning title, time for LA Tenorio to give back to Batangas folkSPORTSTim Cone, Ginebra set their sights on elusive All-Filipino crown“We can already see the players who we can move up to the college team, all we have to do is develop them.”The Golden Tigresses are tied with University of the Philippines for the sixth seed in the tournament with 4-8 records with the two teams both having mathematical chances for a spot in the semifinals. View comments LATEST STORIES Carpio hits red carpet treatment for China Coast Guard PLAY LIST 02:14Carpio hits red carpet treatment for China Coast Guard02:56NCRPO pledges to donate P3.5 million to victims of Taal eruption00:56Heavy rain brings some relief in Australia02:37Calm moments allow Taal folks some respite03:23Negosyo sa Tagaytay City, bagsak sa pag-aalboroto ng Bulkang Taal01:13Christian Standhardinger wins PBA Best Player award Scarlett Johansson, Sterling K. Brown among SAG Awards presenters Paul Lee tweaks left ankle in Game 4 Lights inside SMX hall flicker as Duterte rants vs Ayala, Pangilinan anew Conor McGregor seeks to emerge from controversy in UFC comeback Sports Related Videospowered by AdSparcRead Next MOST READ Nadine Lustre’s phone stolen in Brazil Reyes added that aside from the Laure sisters, captain Cherry Rondina will  return to the Golden Tigresses for the 2019 tournament to exhaust her fifth playing year.“Sisi will use her fifth year and she’s even worried that those who would join the team are taller than her,” said Reyes, who still poked fun at the height of his 5-foot-6 spiker.“She’s worried because the taller players might take her spot in the team, but of course I’m just kidding.”ADVERTISEMENT University of Santo Tomas is on the brink of elimination in the UAAP Season 80 women’s volleyball tournament, but head coach Kung Fu Reyes is already looking ahead to the future of his team.ADVERTISEMENTlast_img read more

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