Consumer Payment Card News

Wave Cards

A new report reveals that nine percent of the U.S. population now have a contactless credit or debit card. Last year the number of open network contactless cards in circulation reached 35 million in 2007, nearly doubling from 19 million in 2006. The study commissioned by the Smart Card Alliance also showed that 92% of contactless users thought it was both fast and easy. Users had positive experiences at merchants too, reporting that 85% of cashiers knew how to accept contactless, and 84% saw contactless acceptance marks at the POS. Additionally, contactless users are paying with their contactless cards or fobs frequently, with over 22% using contactless payment more than six times per month. An estimated 75,000 U.S. merchant location are now accepting contactless payment, including taxi cabs and transit operators. For more information visit: “”:

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