The Bottom Line

Get to the bottom of all things banking with weekly expert musings from SRM. The Bottom Line takes what we hear from financial institutions, fintechs, and industry influencers - separating the news from the noise. We offer unfiltered observations and thoughtful forecasts responding to industry developments and trends as they happen, with emphasis on how financial institutions can better serve their stakeholders.

Contactless Cards: Is the Train Leaving the Station?

Posted by Larry Pruss on Sep 8, 2019 9:00:00 AM

Contactless Cards Is the Train Leaving the Station

Despite all the forecasts concerning a downdraft in the economic climate, the payments pie continues to grow. With GDP on the rise both in the United States and globally, the overall value of retail purchases is also trending upward. However, research from the Federal Reserve reveals a less obvious pattern: growing even faster than average ticket price is the sheer number of payment transactions.

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Topics: Contactless Cards, NFC, Open Loop

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