Rather than expose your banking details by holding them in a chip, LevelUp's NFC is just used to move the transaction along -- if it's used to get things started, shoppers can either switch to a QR code or complete the transaction with a second tap.
While women and men are equally as likely to steal, women are more likely to switch price tags, and to purchase products while stealing other items during the same transaction.
Transaction fees is one the major revenue source for MasterCard and includes authorization, settlement and switch charges as well as connectivity charges.
While many still buy big-box furniture, Salguero believes a growing number of people would switch to custom made if it was easy enough to coordinate with with the seller and make the transaction.