Contactless payment systems remain largely unfamiliar to U.S. consumers despite a high level of satisfaction with the technology’s speed convenience and ease-of-use.
After several years of slow adoption, mobile wallets are finally starting to gain real traction with consumers, but many still need an extra push to turn their mobile wallet use into a true habit.
Visa’s Biometric Paymentsstudy, which surveyed 14,000 people across Europe, revealed that 73 percent of people think biometric security checks on a payments device is a secure authentication, with fingerprint the preference for 81% of consumers, followed by iris scanning.
Thirty percent of consumers globally have experienced card fraud in the past five years, according to new global benchmark data from ACI Worldwide and Aite Group.
Kaspersky Lab announced the results of a survey which found that banking customers are hesitant to use mobile features due to fraud and security concerns.
Reducing credit and debit card fraud by implementing EMV chip card acceptance has become retailers’ top payment issue in 2016, but retailers are also busy with new data security enhancements such as point-to-point encryption and tokenization to better protect payment card data.
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