Why contactless cards haven’t caught on in the U.S. | CNBC Reports

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  • Published on:  Wednesday, April 10, 2019
  • Contactless, or “tap and go,” is an increasingly popular way to pay around the world. But in the U.S., only 3 percent of cards are contactless. Why? CNBC’s Elizabeth Schulze reports.-----Subscribe to us on YouTube: http://cnb.cx/2wuoARMSubscribe to CNBC Life on YouTube: http://cnb.cx/2wAkfMvLike our Facebook page:https://www.facebook.com/cnbcinternat...Follow us on Instagram:https://www.instagram.com/cnbcinterna...Follow us on Twitter:https://twitter.com/CNBCi#CNBC #FinTech #DigitalPayments
  • Source: https://youtu.be/KRZ4OodETr8
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  • Martin Welsh

     2 months ago

    I use contactless payments so much here in Australia that I occasionally forget my card pin.

  • indiekiduk

     1 months ago

    Put your pins (and your online passwords, bank accounts, passport numbers etc.) in 1Password. Then you don't have to remember.

  • James Russell

     1 months ago

    @Sonny Bocala Jr. yep same I use samsung pay but hardly ever take my wallet anywhere too

  • Quix

     2 months ago

    We've had contactless payment cards in Canada for years, every major bank has that feature on every debit and credit card.

  • Leo Chen

     2 months ago

    Basically everything is contactless in Australia lol

  • Leo Chen

     26 days ago

    Muckydoggy1 that is true, but almost all businesses offer contactless, especially in the big cities.

  • Muckydoggy1

     26 days ago

    No it's not. I went to OZ last year and I couldn't get a train journey with contactless. In the UK, I can travel from London to Reading using just my card.

  • Emmett

     2 months ago

    Anyone who has ever visited the US will quickly figure out they're 5-10 years behind on many things.

  • randomtony 123321

     29 days ago

    Your not wrong and yes I am an American

  • Emmett

     1 months ago

    @FirstName LastName The banking system for a start. I haven't written a check (cheque) in more than 20 years. Mobile 4G speeds and coverage. Lets not get started on Universal Healthcare!

  • Fotografic

     2 months ago

    said the americans are afraid of contactless but they walk around with a black amex without a pin

  • Benjamin Vestergaard

     1 months ago

    @pennylane36 One good thing about low-value contactless transfers without using PIN is exactly that criminals can't steal it... I think it was a month ago I read an article about contactless' impact on Danish card fraud.... It's not gone, but the amounts stolen per card stolen is way lower, before, when a card was stolen, criminals would take out $2000-3000 before it was blocked, now there's a $50 (approx) limit on contactless, so the PIN theft has dived big time, because most people don't hit the rand...

  • unapologetically me

     1 months ago

    Best part of that excuse is that there are wallets now with a protective layer that stops the card from being scanned while its in your pocket/purse lol

  • Matt Walsh

     1 months ago

    One word: tipping.An old, outdated phenomenon that the US clings to.

  • randomtony 123321

     29 days ago

    You do know that in the us waiters are not even paid minimum wage but to compensate they are given tips and yes I am American an and I agree it is dumb how this works

  • Bruno Gallien

     1 months ago

    In UK I tip with my card.

  • Josh Cook

     2 months ago

    Last time I was in California, they asked me to sign for a bill at dinner and I laughed. It's been over 10 years since. Even all over Europe it's contactless. Downtown SF, in the same state that pretty much invented this technology and it hasn't even caught on...crazyness.

  • Lord Epping

     1 months ago

    I blew an American friend's mind back in 2007 when he visited me in London. I paid for things like Subway (they were a test partner) with just a tap, using my new Barclaycard OnePulse credit card. Crazy how they still haven't caught up!

  • Camila B

     1 months ago

    I don’t know where you’re from but I have contactless card but they always asked me to sign in London? Maybe because I was American? Lol

  • Darren Woloshyn

     2 months ago

    In Canada contactless is everywhere besides Walmart

  • Zacens

     5 days ago

    Kevin Deschênes all bars and hair salons I’ve been to take tap (contactless)

  • Justin Tyler

     1 months ago

    In Canada you can withdraw money from atm by just tapping your card.

  • Ever in the Rising ASMR

     1 months ago

    I literally never thought I would hear the words "cash is king" in reference to American payment methods.

  • Steven Douglas

     1 months ago

    I lived in the US for 3 years, I was surprised how far behind they are, in all areas. They are a million miles away from being tech leaders.

  • Data Grab

     28 days ago

    @DASPRiD *Wow. You can't even get sarcasm. Ubuntu is nothing. Wanna bet he's using an american made operating system? And even if he's using ubuntu, which i doubt and we both know he isn't, he's using american tech and websites, like this youtube! What's next? He's using an ubuntu smartphone too? Lemme guess, Android (google) and iOS (Apple) are not from USA too? Point is. It's hypocritical to say that US is behind in tech when the whole world uses tech from US. Even poor countries like india.*

  • DASPRiD

     28 days ago

    @Data Grab YouTube isn't originating from there, but Ubuntu is. Mark Shuttleworth, the founder of it, is from South Africa.