Global chip shortages drive increased costs for contactless card manufacturers and issuers

the NIlson report red and black logo

The price of EMV-compliant chips supplied to contactless payment card manufacturers increased by more than 50% in 2021 and is expected to rise by more than 20% during 2022 with the overall cost to card issuers for finished first-use plastic cards rising by between 5% and 20% during 2021, according to US research firm Nilson Report... More



What's New in Payments

Entrust to offer digital-first payment solutions via Antelop acquisition

Antelop and Entrust digital first cobrand with 2 women using smartphones

PARTNER NEWS: The acquisition of Antelop Solutions by Entrust will enable the development of more comprehensive solutions for the issuance of both digital and physical payment cards and offer customers “true digital-first payment credentials with physical card synergies that fully align with consumer expectations for simplicity and security,” the companies have revealed... More









Covid-19 pandemic cuts demand for plastic cards

ICMA International Card Manufacturers Association logo

The total value of the global plastic cards market has fallen by US$3bn over the course of the Covid-19 pandemic, with the number manufactured worldwide falling by 19.7% from 37.1bn in 2019 to 29.8bn in 2020, according to the International Card Manufacturers Association (ICMA)... More







What's New in Payments

UOB lets customers use its mobile banking app to link debit and credit cards to third-party apps

Smartphone screens showing how to install UOB Mighty Singapore mobile banking app

Customers of Singapore’s United Overseas Bank (UOB) can now use its UOB Mighty mobile banking app to add their debit and credit card details directly to third-party apps, avoiding the need to separately enter their card details and providing an additional reason for customers to engage with their banking app... More