News

May
12
2015

More than 2B chip cards ship in 2014, driven by demand in US, China

Newly released figures from the Smart Payment Association indicate that the number of chip cards shipped around the world more than doubled within three years — from 1 billion shipped in 2011 to more than 2.1 billion shipped in 2014.

According to an SPA press release, growth in the Chinese and U.S. markets contributed to this significant increase. Detailed figures also confirmed the growing demand for "tap-and-go" contactless payment across the world.

Contactless technology represented more than 42 percent of all smart payment cards shipped in 2014, up from 37 percent in 2013, according to data collated by the SPA, whose seven members represent around 75 percent percent of the total available market.

The cata also highlighted the primacy of dynamic data authentication technology, which protects chip-and-PIN cards against cloning and data, the release said. Seventy percent of cards shipped in 2014 featured this technology — up from 66 percent in 2013.

"The enthusiasm for new ways to pay, with more convenience and security, is driving the growth of contactless payment," said SPA President Nicolas Raffin, in the release. "Across the world we have seen an increasing number of retailers actively promoting 'tap-and-go' payment for lower value purchases — reducing queuing and offering greater speed and convenience for customers at the point of sale. We expect this trend to continue to gather pace as we move through 2015."

"New ways to pay" forms part of a vision paper from the SPA.

Source: ATMMarketplace.com

 

MEDIA CONTACT:
KATY LASEE | MARKETING DEPT.
651 554 8533
KRLasee@traveltags.com

TAGS:   card manufacturing, card services, EMV

May
06
2015

2014 Holiday Gift Card Trends

For the eighth year in a row, gift cards were at the top of everyone's wish list for the holidays. Providing unlimited possiblities, gift cards are the preferred way to give the gift of choice. As the crowds thin and summer nears - 'tis time to review the gift card trends at retail during the 2014 holiday shopping season...and look ahead to 2015!

TAGS:   card fulfillment, card manufacturing, card services, holidays, trends

Mar
17
2015

Using Customized Cards to Create Amazing B2B Customer Experiences

Looking to elevate the incentive experience with a customizable B2B solution? Be sure to read our latest article in the Gift Card Network's 2015 Challenge Guide, highlighting the successful partnership between Travel Tags and Cabela's for their B2B gift card program. Flip to page 38.

TAGS:   Cabela's, card manufacturing, card services, Gift Card Network, Loyalty, Rewards and Membership, Quick-Turn Card Manufacturing