Future-Proof Payments: From the EMV Chip to a Fully Digital Future

Report Summary

Future-Proof Payments: From the EMV Chip to a Fully Digital Future

Contactless payments are the next phase in the evolution of payment acceptance.

Thad Peterson
Senior Analyst

Boston, February 17, 2021 With EMV-capable terminals reaching critical mass, mag stripe payments are rapidly becoming an archaic payment alternative. And with NFC/contactless transactions increasing due to the pandemic and with the advent of voice-enabled commerce, the path away from contact EMV transactions to a critical mass for contactless payments can now be seen as the inevitable next step in the evolution of payments. This Impact Brief charts the evolution of payments in the U.S. from the EMV card to a fully digital future and is based on conversations with thought leaders and payment providers in the U.S.

Clients of Aite Group’s Retail Banking & Payments service can download this 12-page Impact Brief. To learn more about the topic covered in this Impact Brief, please contact us at [email protected].

This report mentions Amazon, Apple, Chipotle, EMVco, Exxon, Mastercard, Publix Super Markets, Samsung, and Visa.

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