PaymentsJournal
No Result
View All Result
SIGN UP
  • Commercial
  • Credit
  • Debit
  • Digital Assets & Crypto
  • Digital Banking
  • Emerging Payments
  • Fraud & Security
  • Merchant
  • Prepaid
PaymentsJournal
  • Commercial
  • Credit
  • Debit
  • Digital Assets & Crypto
  • Digital Banking
  • Emerging Payments
  • Fraud & Security
  • Merchant
  • Prepaid
No Result
View All Result
PaymentsJournal
No Result
View All Result

For Now, A Lot of Talk, Not Much Issuance for Contactless

By Sarah Grotta
November 9, 2018
in Analysts Coverage, Contactless, Credit, Debit
0
3
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn
Contactless Payments

Don’t get me wrong, I like the consumer experience of contactless cards.  I like it even more than tapping my phone, but I am just not sure the U.S. market is ready right now to spend the resources to migrate their card portfolios to contact and contactless chips, particularly for debit cards.  Although it was a topic of many conversations at conferences this Fall, I don’t believe there will be much debit issuance of contactless in 2019.  Comments from CPI’s recent earning conference concurs that they are seeing only the beginnings of contactless activity. As reported in Digital Transactions:

Despite predictions of an upsurge in contactless payment cards, so-called tap-and-go cards have yet to generate much revenue for a major U.S.-based card manufacturer, CPI Card Group Inc.

Such cards are often called dual-interface cards because they support both contact EMV chip card transactions at point-of-sale terminals as well as contactless payments using near-field communication technology. The vast majority of current U.S. EMV credit and debit cards are of the contact-only variety, which is cheaper than dual-interface cards.

“For dual-interface EMV cards, we are seeing early signs of some transition to tap-and-go cards with our customer base in the overall market,” CPI president and chief executive Scott Scheirman said Wednesday morning as he reviewed the Littleton, Colo.-based company’s third-quarter financial results. “Dual interface is a small portion of our business today,” but he added that “we are optimistic about this opportunity” and promised a progress report in 2019.

Visa Inc. chief executive Alfred Kelly last month predicted Visa card issuers would be distributing more than 100 million contactless cards next year. Most U.S. POS terminals now support dual-interface cards, which facilitate faster transactions than contact-only EMV cards and have a large share of transactions in such countries as Australia, the United Kingdom, and Canada.

Overview by Sarah Grotta, Director, Debit and Alternative Products Advisory Service at Mercator Advisory Group

3
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn
Tags: ContactlessDebit

    Get the Latest News and Insights Delivered Daily

    Subscribe to the PaymentsJournal Newsletter for exclusive insight and data from Javelin Strategy & Research analysts and industry professionals.

    Must Reads

    cross-border payments

    Solving for Fraud in Cross-Border Payments Requires Better Counterparty Verification

    February 12, 2026
    agentic commerce

    Demystifying the Agentic Commerce Enigma

    February 11, 2026
    payment gateways

    How Payment Gateways for Businesses Can Help You Offer Your Customers More Options

    February 10, 2026
    Reserve Bank of India (RBI) Extends Mandate for Tokenization to June '22

    Late Payments? Governments Are Taking Action

    February 9, 2026
    ai phishing

    The Fraud Epidemic Is Testing the Limits of Cybersecurity

    February 6, 2026
    stablecoins b2b payments

    Stablecoins and the Future of B2B Payments: Faster, Cheaper, Better

    February 5, 2026
    Payment Facilitator

    The Payment Facilitator Model as a Growth Strategy for ISVs

    February 4, 2026
    Simplifying Payment Processing? Payment Orchestration Can Help , multi-acquiring merchants

    Multi-Acquiring Is the New Standard—Are Merchants Ready?

    February 3, 2026

    Linkedin-in X-twitter
    • Commercial
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Digital Banking
    • Commercial
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Digital Banking
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    • About Us
    • Advertise With Us
    • Sign Up for Our Newsletter
    • About Us
    • Advertise With Us
    • Sign Up for Our Newsletter

    ©2024 PaymentsJournal.com |  Terms of Use | Privacy Policy

    • Commercial Payments
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    No Result
    View All Result