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

There Were 4 Good Reasons Banks Wouldn’t Issue Contactless Debit:

By PaymentsJournal
August 13, 2019
in Contactless, Credit, Debit, Truth In Data
0
0
SHARES
0
VIEWS
Share on LinkedIn

Don’t miss another episode of Truth In Data! Click on the red bell in the lower-left corner of your screen to receive notifications as soon as the episode publishes.

Data for today’s episode is provided by Mercator Advisory Group’s viewpoint – Ready or Not, U.S. Contactless Debit Card Issuance Takes Off.

There were 4 good reasons banks wouldn’t issue contactless debit:

  1. Not all merchants are currently accepting contactless transactions
  2. Consumers aren’t demanding tap-and-go technology
  3. It’s unlikely consumers would switch banks to get a contactless card
  4. Contactless debit cards are expensive for issuers to produce

But several large banks have announced they’re replacing existing debit cards with dual interface cards, including:

  • Bank of America
  • JP Morgan Chase
  • Wells Fargo

In addition, several others have signaled they will too:

  • Commerce Bank
  • HSBC
  • KeyBank
  • Santander
  • TD
About the viewpoint

Several issuers have announced their intentions to issue dual interface cards, ushering in contactless transactions at the point-of sale for debit cardholders.

As cards issued during the migration to EMV chip cards are now being re-issued to accountholders, financial institutions are moving to contactless, even if the acceptance market isn’t quite ready.

0
SHARES
0
VIEWS
Share on LinkedIn
Tags: ContactlessDebit CardsIssuers

    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

    payment credential management

    Why Payment Declines Are a Data Issue, not a Checkout Problem

    July 27, 2026
    identity theft protection services

    The Missing Piece in Banks’ Identity Protection Strategy

    July 24, 2026
    African cross-border payments

    Africa’s Payment Problem Isn’t What You Think It Is

    July 23, 2026
    remittance platform

    The Case for Not Building Your Own Remittance Stack

    July 22, 2026
    instant payments fraud, business payments

    When Faster Isn’t Better: The New Rules of Business Payments

    July 21, 2026
    Gen Z banking

    For Gen Z, Banking Loyalty Begins with Payments

    July 20, 2026
    syria visa mastercard

    Visa’s Stablecoin Platform Marks the Next Phase of Digital Payments

    July 17, 2026
    cross-border payments

    Beyond Pix: The Cross-Border Layer Latin America Is Building Next

    July 16, 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

    ©2026 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