Yoshiofthewire wrote:Well, what I am saying is that Chip and Signature cards are going to kill payWave,and paypass.
Again chip has nothing to do with contactless payment. Chip is not going to kill NFC because they have nothing to do with each other.
Yoshiofthewire wrote:Where I live only 4 stores ever picked up Contactless readers.
Businesses have number of terminals that can be purchased from the processor. Naturally ones that can accept contactless payment are priced higher. Processor may also charge extra to process them.
Yoshiofthewire wrote: Bestbuy just turned off the readers off.
Did you not read what I posted above? Major retailers are backing their own version of contactless payment, MCX. MCX is an upcoming unified mobile account that is linked to checking account. The purpose behind MCX is to discourage the use of debit/credit card to begin with.
Yoshiofthewire wrote:And I doubt that we are getting cards with both Chip and Contactless.
I can think of couple US CCs that have both. HSBC is issuing EMV + PayPass on all of their MasterCard upon request. US Bank also issues EMV + payWave on their Flexperk Travel Visa. Citi still issues paypass tag on all of their MC, EMV or not. Many local credit union issue cards that have both.