Originally Posted by
mikesyr18
Yes, but that is the point. We'll actually be ahead for a change. We shouldn't always lag behind everyone else.
Cash back? Not needed at the pump, which is the only place I'm talking about. Why does cash back require a physical card? ATM's at BoA and Wells Fargo have NFC capable transactions.
Cash back at a store. If/when EMV contactless becomes more common, those credit/debit prompts will possibly go away as stores will just run every contactless transaction as "credit". (Otherwise, people will have to enter PINs for mobile wallet purchases as well as using whatever biometric authentication's required, which is a UX nightmare IMO.)
Also, you're assuming that the rest of the world will move on to something else by the time we adopt contactless. While that may be true, it's also possible that contactless payment ends up being the "standard" for quite a long time. Or even that the "something else" is something we're already doing, namely switching away from in-person shopping to online shopping.