Today In Data

Giving The Gift Of Better Payments

Giving The Gift Of Better Payments

Real-time payments are gaining steam this holiday season, and merchants are hoping for more secure transactions as the year ends. The Internet of Things (IoT) is bringing big changes, and contactless payments are on the rise.

Data:

16: Number of NYC transit stations involved in Visa’s contactless test.

$32B: Annual value of digital gift card industry.

100,000: Number of weekly contactless taps by NYC transit riders.

$1B: Amount stolen annually from digital gift cards.

$21.29: Average cost in Australia to receive a paper invoice.

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