Since the COVID-19 pandemic hit in early March, regularly sanitizing high-touch surfaces has become the norm – and contactless payments, especially contactless cards, have become the preferred way to pay.
The Financial Brand, a digital publication focused on bank and credit union issues, reported on a study released in August 2020 by National Retail Federation and Forrester that demonstrates the increase in contactless payments.
Concerning retailers, the survey found that 58 percent accept contactless cards, up from 40% in 2019. Concerning consumers, the survey found that one in five have made a contactless payment for the first time during the pandemic. Of those consumers, 57 percent said they would continue using contactless payments post-pandemic.
It’s a shift in transaction behavior – and it’s here to stay.
Contactless Cards for Wescom Members
Now you can go hands-free at checkout when you request a contactless Wescom Visa® Debit or MyRewards Credit Card in eBranch. Your new card will have the contactless symbol – and as long as the merchant accepts contactless payments, there’s no need to insert your card or touch the terminal at checkout. Just tap and pay for quick, contactless, and secure transactions.
Here’s how to request a contactless Wescom Visa® Debit or Credit Card in eBranch:
You will receive your replacement card in seven to 10 business days. Please destroy your previous card upon receipt of your new contactless card.
The Contactless Symbol and Contactless Indicator are trademarks owned by and used with the permission of EMVCo, LLC.
