What's New in Payments

More than three quarters of cashless transactions in Germany, Austria and Switzerland are now contactless

Cashless transaction being made in a bakery in Germany

More than three in four cashless payments made in Germany (77%), Austria (80%) and Switzerland (82%) are now contactless — a rise of more than 35 percentage points from an average of 40% across the three countries in June 2019, according to figures published by Nordic payments processor Nets... More



What's New in Payments

Two in five US consumers still cite cash as their preferred payment method

WSFS survey graphic of trends in cash usage by US consumers in 2021

Two-fifths of US consumers (40%) still prefer to use cash and just under 40% of US businesses (39%) maintain a cash-only policy for purchases of less than US$20 “despite the availability of technology-driven forms of payment such as credit cards, debit cards and mobile wallets,” a survey by a division of WSFS Bank has found... More




Transit Ticketing Today

MTA sees open loop fare payments double as Omny system tops 100m taps

MTA open loop contactless readers

Passengers on New York’s subway and bus services have now tapped their contactless bank card, smartphone or wearable device to pay fares using the Omny open loop fare payment system more than 100m times since its launch in May 2019, double the total of 50m the Metropolitan Transportation Authority (MTA) reported in March this year... More