Articles
Buying Into A Self-Serve Revolution
September 29, 2008
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•White Paper: Buying Into A Self-Serve Revolution
•White Paper: Buying Into A Self-Serve Revolution
•White Paper: Buying Into A Self-Serve Revolution
By VeriFone
For issuers and service providers alike, the contactless payment interface stimulates additional card-based transactions. The Smart Card Alliance's investigation of contactless payments in the US confirmed that not only is this technology significantly faster than contact chip and PIN transactions, but also reported:
- increased cardholder transaction volumes
- increased average transaction size
- increased transaction speeds
Contactless payment benefits
Card Associations and issuers:
- increased card transaction volumes and revenue
- penetrate cash transaction markets
- minimal change to infrastructure
Merchants:
- reduced transaction times
- reduced cash handling and operating costs
- improved reliability
- ease of introduction to existing payment infrastructure
Consumers:
- improved transaction speed and convenience
- trouble-free — no need to carry cash
•White Paper: Buying Into A Self-Serve Revolution
