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Swiss Journal of Economics and Statistics

Table 1 Actual adoption and usage of contactless payment cards in the USA

From: The impact of contactless payment on cash usage at an early stage of diffusion

 

2009

in %

2012

in %

Credit cards

    

Number of contactless cards (m)

n/a

 

23.35

7.0%

Contactless transaction volume (m)

20

0.10%

13

0.07%

Contactless transaction value (m)

1000

0.06%

600

n/a

Debit cards

    

Number of contactless cards (m)

n/a

 

22.62

8.0%

Contactless transaction volume (m)

30

0.15%

27

0.07%

Contactless transaction value (m)

1000

0.08%

378

n/a

Average number of contactless transactions per

    

Credit card

n/a

 

0.57

 

Debit card

n/a

 

1.19

 
  1. Source: Federal Reserve System (cf. FED (2011; 2014). Newer data are not available. Contactless payments are labeled “chip” card payments in the report provided by the Federal Reserve in 2014. “m” is millions. The shares refer to the contactless data related to their corresponding total data. For instance, 0.1% of all credit card transactions in 2009 were made contactless. In other words, contactless credit card transaction volume is divided by the total credit card transaction volume
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