September 16, 2019

Swiping Your Plastic Payment Card: Is it Going Away?

Swiping Cards Yielding to Contactless Payments?In a world where “contactless payments” are increasing in popularity, is it possible that the days of swiping your payment card are fast coming to an end? Ralph Danglemaier, CEO of BlueSnap, says e-commerce will begin taking over as the main form of all commerce in coming years.
“With only about only 6 percent of purchases now being made online, there’s still lots of room for growth,” he says. “Online payments via tablets and smartphones will eventually take over both cash and card-swiping machines as the preferred method of payment not only online, but at point-of-sale.” – Boston Business Journal, Dec. 6, 2012