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Picking Up The Pace After What Seemed a Very Slow Start, Contactless Payments Poised to Take Off

Contactless payments, long viewed with skepticism by many in the U.S. card industry, are poised to grow sharply in the next 18-24 months, according to a Visa USA executive.

By David Morrison | Updated on May 08, 2007

SAN FRANCISCO — Contactless payments, long viewed with skepticism by many in the U.S. card industry, are poised to grow sharply in the next 18-24 months, according to a Visa USA executive.

Addressing attendees at PSCU Financial Services 30th Annual Conference, Frank Oliva, vice president of emerging product development for Visa, promised that the card brand would roll out advertising especially geared toward promoting contactless payments this year. The card brand would also begin incorporating contactless card advertising into its other advertising campaigns as well.

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