OP-ED: Electronic Payments Industry Rallies Around Consumers Amidst Coronavirus
As the world grapples with COVID-19, consumers are being forced to adapt their day-to-day routines. Millions of Americans are choosing to have their groceries delivered, learning to work remotely, and relying more heavily on online banking and payment systems. We are even seeing merchants transition to a “card only” payment method for fear that the virus could spread through the use of cash.
Cameron’s Deli in New York is one of many restaurants taking this safety precaution and asking its customers to pay through contactless methods such as Apple Pay or Google Pay. In today’s climate, contactless payments should no longer be the secondary or tertiary form of preferred payment, especially for older generations or people with underlying health conditions.
As a society faced with a pandemic, we are embracing the virtual economy, but we must be vigilant while doing so.