Contactless payments achieving a 'ripple effect'

Contactless payments achieving a 'ripple effect'
Tags: Retail Self-Service, Wireless
November 27, 2005

ePaynews: Over 50 million contactless cards and devices could be in circulation in the United States by the end of 2006, with up to 35,000 merchant locations or 20,000 POS terminals accepting cards, according to Visa USA. Contactless cards are quickly reaching critical mass in the U.S. as card issuers dispense tap-and-go cards to gain a share of the cash-reduction pie and increase payment revenues.