The Contactless Conundrum: Making The Business Case
- Date:October 21, 2019
- Author(s):
- Rachel Huber
- Report Details: 19 pages, 6 graphics
- Research Topic(s):
- Payments
- PAID CONTENT
- Download summary
Overview
The United States recently moved to chip technology but is it ready for contactless payments? Issuers and merchants both need each other to make the business case to upgrade to near field communication (NFC) options. The report reviews the business case to move to NFC technology for both issuers and merchants while determining market readiness.
Key questions discussed in this report:
- What are the current adoption rates of contactless cards in the United States?
- How do consumers view contactless cards?
- Why should issuers and merchants adopt contactless cards?
- What are the risks of not adopting contactless cards?
Methodology
The consumer data in this report was primarily collected from the following:
- A random-sample survey of 3,000 respondents conducted online in March 2019. Respondents are selected to be demographically representative of the U.S. population over the age of 18. The overall margin of error is +/-2% at the 95% confidence level for questions answered by all respondents.
Interested In This Report
Related content
Differing Models Continue to Define P2P Payments
The funding mechanism consumers use for their person-to-person (P2P) transactions will determine the financial relationship P2P platforms can build with their users. P2P operators ...
Apple Wants to be a Payments Power Like Block and Stripe
Apple’s acquisition of Credit Kudos—along with a report that it’s preparing to move into processing, risk assessment, dispute resolution, and more—signals a coming move into paymen...
M&A Transactions in 2021 & 2022: The 40+ Deals That Are Changing the Payments Industry
The “megadeals” of 2019 got the attention in the payments industry, but it’s a host of other transactions in 2021 and early 2022—more than 40 in total—that have the potential to pu...
Make informed decisions in a digital financial world