Discover Begins Rolling Out Contactless Credit Cards
Discover will be converting to contactless credit cards over the next few months. Some existing Discover It and Discover More cardholders will receive updated cards beginning this month, and new cardholders will receive contactless cards in December.
Contactless cards can be used at any register with the Contactless Symbol. Other banks like Wells Fargo and Chase have already transitioned to contactless cards, and 70% of issuers plan to have contactless debit cards in place by the end of next year.
According to a study from Juniper Research, consumers are more interested in contactless cards than they are in mobile wallets, such as Apple Pay and Samsung Pay. Contactless cards offer a combination of convenience and familiarity. Consumers can pay for items quickly without learning to navigate the world of mobile wallets.
Additional research from Juniper Research projects tremendous growth for contactless payments over the next few years. Contactless transactions will make up 34% of U.S. purchases by 2022, compared to just 2% in 2017.
Discover’s contactless credit cards can still be swiped or dipped to pay for a transaction. Purchases made with contactless technology qualify for rewards, just like standard purchases. Discover contactless cards can also be used on many major transit systems, such as Portland TriMet and Chicago CTA.
This entry was posted in Credit Card News and tagged credit cards , Discover , near field communications , Discover cards , NFC , Juniper Research , contactless transactions , contactless , contactless cards
The information contained within this article was accurate as of November 5, 2019. For up-to-date
information on any of the terms, cards or offers mentioned above, visit the issuer's website.