Search Results
Briefing
Are U.S. Consumers Ready to Use Pay-by-Bank at the Point of Sale?
Pay-by-Bank, a direct transfer from individuals’ bank accounts to merchants’, is gaining popularity as a point-of-sale payment method in countries around the world. Although Pay-by-Bank has yet to become available at points of sale in the United States, data suggest that U.S. consumers are increasingly ready to use this method.
Discussion Paper
Contactless Payment Cards: Trends and Barriers to Consumer Adoption in the U.S.
Since 2017, the payment cards industry has undertaken a concerted effort to bring contactless “tap-and-pay” credit and debit card products to consumers. Payment networks, card issuers, and banks have worked to ensure that contactless cards, which communicate payment information wirelessly to point-of-sale terminals through Near Field Communication technology, are at the forefront of consumers’ minds when they make a purchase. Missing from the discussion of contactless payments, however, is an understanding of consumer interest in the technology; indeed, the current activities are a ...