State Savings Bank

We are seeing an increase in customers calling with fraud and scam concerns. You can find resources here to help you recognize, prevent and respond to fraud.

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.

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