Delta rolls out metal contactless credit card made from recycled Boeing 747 Jumbo Jet
Delta Air Lines passengers in the USA can now apply for a contactless credit card which is the first to have been made using recycled aircraft metal... More
Credit card
Digital loyalty programmes to see 33% growth as loyalty card market stagnates
The number of digital loyalty programme memberships that offer consumers rewards and incentives such as discounts, vouchers, cashback and reward points will grow by 33% from 24bn worldwide in 2022 to more than 32bn in 2026, according to a forecast by Juniper Research... More
Global chip shortages drive increased costs for contactless card manufacturers and issuers
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
Global survey finds more than half of consumers continue to prefer using a physical payment card for in-person purchases
More than one in two consumers worldwide prefer using a physical payment card to using cash or a digital wallet when making in-person purchases (53%), a survey has revealed... More
Entrust to offer digital-first payment solutions via Antelop acquisition
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
Chip shortages could prevent 1bn payment cards being issued, ABI Research predicts
Disruption in global chip supply is threatening the issuance of up to 1bn payment cards over the next 18 months, with 347m cards at risk of not being issued in the second half of 2021 and up to 740m in 2022 because of “significant chip shortages”, according to an ABI Research forecast... More
Hong Kong virtual bank launches ‘all-in-one’ numberless debit and credit card
Customers of Hong Kong-based virtual bank Mox can now apply for an “all-in-one” numberless payments card that they can choose to use as either a debit or a credit card whenever they make a transaction... More
Survey: more than six in ten US consumers say they would pay for a biometric card
Some 65.5% of US consumers would pay for a biometric credit card that has a built-in fingerprint reader for authenticating payments, according to a survey of American credit card users... More
BBVA launches biometric credit card in Mexico
Customers of BBVA Mexico can now apply for a ‘blank’ biometric credit card that enables them to authenticate payments with their fingerprint... More
MTA reports on Omny contactless fare payments adoption in New York
Passengers on New York subway and bus services have tapped their contactless bank card or mobile wallet to pay their fares using the Omny open loop fare payment system more than 50m times since the service launched in May 2019, the Metropolitan Transportation Authority (MTA) has announced... More
UK to more than double contactless spending limit to £100
The UK is to increase the limit for contactless transactions from £45 (US$63) to £100 (US$140), the UK Treasury has announced... More
Stockholm rolls out contactless ticketing payments
Passengers using public transport across the Swedish capital of Stockholm can now make tokenized contactless payments for single adult fares on metro, rail, bus, tram and boat services by tapping their debit or credit card or smartphone at a ticket reader... More
Covid-19 pandemic cuts demand for plastic cards
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
BNP Paribas to offer biometric payment cards to premier card customers
BNP Paribas Visa Premier card customers will soon have the option of upgrading to a biometric payment card for an additional fee of €24 (US$29) a year, the French bank has revealed... More
Nine in ten UK in-store card payments are now contactless
Nine in ten card payments made in UK stores during 2020 (88.6%) were contactless and the average contactless user made 141 transactions worth a total of £1,640 (US$2,241) over the course of the year, according to Barclaycard... More
UK to increase contactless spending limit to £100?
The UK could increase the limit for contactless transactions from £45 (US$61) to £100 (US$136), according to reports in the British press... More
Amsterdam buses and trams to get mobile, contactless and QR payments
Passengers using public transportation in the Dutch capital city of Amsterdam will soon be able to pay their fares using a contactless debit or credit card, an NFC mobile phone or via a QR code... More
Garanti BBVA launches mobile-first credit card
Customers of Turkish bank Garanti BBVA can now apply for a mobile-first credit card which combines a mobile wallet that supports QR and mobile payments with a ‘blank’ physical card that comes without a printed credit card number, expiration date or CVC code printed on it... More
UOB lets customers use its mobile banking app to link debit and credit cards to third-party apps
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
PSCU reports 70% increase in US mobile debit card transactions
The weekly volume of mobile wallet debit card transactions in the USA has increased by 70.3% compared with this time last year, while weekly mobile wallet credit card transactions have grown by 50.4% over the same period, according to the PSCU’s latest Tracking Transaction Trends report... More
