Industry news

“Contactless” named one of the words of 2014

After a year of significant growth for contactless technology, awareness of the term amongst consumers has also hit an all-time high, with many now recognising it as a common method of payment.

So with this in mind, the Oxford Dictionary has added ‘contactless’ to its shortlist for 2014’s word of the year, a decision it says was made due to the steady increase of the technologies availability throughout the year. The words ‘bae’, ‘budtender’, ‘indyref’, ‘normcore’ and ‘slacktivism’ also made the list.

However, the top word was ultimately awarded to ‘vape’, which refers to electronic cigarettes.

Despite it missing out on the top spot, recognition of the term is still positive for the payments industry, which has not featured in Oxford Dictionaries’ word of the year for several years. The term ‘credit crunch’ was the last appearance, and was the winner back in 2008.

Source: www.talkingpayments.com, www.blog.oxforddictionaries.com

You will also like

More on this topic

Join the discussion

This field is required
This field is required

Mercury Processing Services International uses cookies in order to improve the experience users have on our website. You can find more information on the types of cookies we collect as well as their purposes in our COOKIE POLICY. Please choose which cookies the Mercury Processing Services International website can use: