State Savings Bank
State Savings Bank
FDIC-Insured - Backed by the full faith and credit of the U.S. Government
State Savings Bank
FDIC-Insured - Backed by the full faith and credit of the U.S. Government

When did contactless payment become popular?

Contactless payments started in 1995 with the first-ever card, although very rarely used. In 2004, cards were used for the first time in the U.S with major credit cards starting in 2008.

Apple Pay became popular in 2014, following options to pay via Apple Watch in 2015. By the end of 2019, 11% of debit cards were contactless-enabled, a trend projected to grow to 87% by the end of 2022.

« Back

© 2024 State Savings Bank. All rights reserved.
Open/Close Chat Box