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Acceleration of Contactless Payments and New Payment Tech

The future looks bright and frictionless for contactless payments. After years of steady growth, touchless commerce accelerated during the pandemic. Increased usage of new payment technology, such as mobile, wearable devices, and biometric payment authentication, prompted Visa and Mastercard to raise spending limits on tap-and-go transactions. Achieving widespread U.S. adoption of contactless payments will require…