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Payments Cards and Mobile BACK ISSUES
Insight is everything!
Use Payments Cards and Mobile Back Issues as a resource in your work - inform yourself on recent developments in the industry, tap into our industry-wide coverage of the card business and card technology, or just satisfy your curiosity.
Back issues are priced at £25 individually, £40 for two, multiple copies of three or more at £15 each.
Available to download now in PDF format, browse the latest 6 issues below or use our 'by year' Back Issue indicies.
January/February 2012 ISSUE
COVER STORY - Advanced Payments
The latest Advanced Payments Study, produced by PCM in conjunction with Edgar, Dunn & Company, has found a welcoming environment for emerging payment technologies.
CARD NOTES
Visa annual results show strong debit and e-commerce growth
Visa Europe’s 2011 results show that around £1 in every £3 spent in the UK was on Visa cards in 2011, fuelled by strong debit card spending and online shopping growth. • Visa: no chip and PIN in US despite EMV move. • Internet Payments – going mobile.
SEPA migration deadline set
After years of debate and stalling, the European Parliament and Council have finally reached agreement on a deadline of February 2014 for the migration to SEPA credit transfers and direct debits. • Corporate mobile banking set to take off. • Italy imposes merchant service charge cap. • Global retail banking IT spending on the rise.
EC green paper looks to future of payments in Europe
The European Commission has published a green paper, titled: 'Towards an integrated European market for card, internet and mobile payments', which explores how barriers to an integrated payments market across the region can be removed. • PCI standards come under scrutiny in US.
November/December 2011 ISSUE
COVER STORY - EMV roll-out in the US
Visa has finally committed to EMV in the US with a series of wide-ranging plans to encourage EMV adoption among merchants, banks and cardholders.
But what implications does this have for the world’s largest payment market?
CARD NOTES
Visa and MasterCard face ATM price-fixing suit
Independent ATM operators in the US have filed an antitrust lawsuit against Visa and MasterCard, alleging that the card networks’ rules artificially inflate and fix the price of cash machine access fees. The lawsuit, filed in the US District Court for the District of Columbia by the National ATM Council and several independent operators of ATMs, alleges that network rules prohibit ATM operators from offering lower prices for transactions over PIN debit networks that are not affiliated with Visa or MasterCard. ■ BofA plans $5 monthly charge for debit card users.
Asia-Pacific ATM market booms while US and Europe stalls
The continued growth of the world’s ATM installed base hides significant differences between regions, with the Asia-Pacific region just recently setting the record for the most new ATMs deployed in one year. ■ CATMIA launches new global ATM benchmarking survey.
EFMA advises European bankers to bet little and often
You could breathe a gentle sigh of relief at this year’s EFMA mobile banking and payments conference. For once the talk was full of energy and enthusiasm for the future of financial services. ■ Weathering a perfect storm.
UK card fraud losses on the decline
Figures from Financial Fraud Action UK show that fraud losses on UK cards decreased in the first half of 2011 compared with the same time last year, as did fraud on online bank accounts. ■ UK identity fraud attempts double in first half of 2011.
September/October 2011 ISSUE
COVER STORY - Wallet Wars
2011 is the year that mobile wallets grabbed public attention, with several of the world’s leading payment players vying to be first to market with smartphone payment solutions. But who will win the mobile wallet war?
CARD NOTES
China UnionPay overtakes Visa as world’s largest card scheme
With a population of 1.3 billion to serve, and a near monopoly on the domestic Chinese card market, China UnionPay, the country’s bank card scheme, has been flexing its muscles with extra vigour over the past few years. Not content with dominating its home market, the network has also aggressively pursued expansion opportunities abroad through a series of strategic issuing and acquiring tie-ups with partners around the world. ■ Debit cards could overtake cash and credit.
US customer satisfaction with credit cards increases
Credit card customer satisfaction has increased for a second year, according to the J.D. Power and Associates 2011 US credit card satisfaction study. ■ Customers who pay online more likely to pay on time ■ Shell, Citi renew credit card issuing deal ■ FBC Bank to issue MasterCard debit and prepaid cards in Zimbabwe.
Why China’s ‘little emperors’ are not credit card slaves
China’s young, affluent consumers are savvy about the costs of borrowing and wary about debt, according to new research undertaken in one of the world’s fastest-growing economies. ■ Smartphone-based payments are quietly booming.
Visa finally makes the move towards EMV
It appears that the US payments industry has at last bowed to pressure from the rest of the world to implement EMV, with the early August announcement that Visa is pushing to accelerate the migration to EMV contact and contactless chip technology in the US.
NFC: Turkey the ideal testing ground
Turkey is an ideal testing ground for the roll-out of new payment technologies. This, according to Visa and MasterCard, is due to a young population that is open to new ideas and well-versed in the use of technology across many sectors.
July/August 2011 ISSUE
COVER STORY - Latin American all-stars
The Latin American region represents one of the most fertile growth spots for payment cards in the world, and banks and payment networks have made strenuous efforts to educate consumers and invest in infrastructure.
CARD NOTES
Visa and China UnionPay spat escalates and gets ugly
The spat between Visa and China UnionPay has gotten nastier. The two payment networks originally fell out in mid-2010, when China UnionPay rebuffed Visa’s demands to stop processing international transactions for co-branded cards through its own payment system. ■ US Federal Reserve caps debit interchange fees.
Study points to tools used in credit card customer retention
A June 2011 study from US payment consultancy Celent has highlighted the various tools used by credit card issuers to increase customer retention. ■ BRC claims UK credit card usage is falling. ■ Mobiles can reduce number of unbanked.
Prepaid needs to be tailored to match consumer needs
Instead of viewing prepaid as a generic payment method, card issuers and programme managers need to concentrate on marketing it as an individual solution to match a specific consumer need. ■ EMVCo releases new guide and latest statistics. ■ Erste Bank and Visa launch first combi contactless card in CEE.
Oh Vienna! Recovery in the East now well underway
The Eastern European region has long been touted as a growth hotspot for cards and payments, although the recessionary climate of 2008 and 2009 halted momentum. But as economic recovery continues, the region is once again back in the spotlight.
African Banking and Payments – what potential does the continent hold?
Five of the largest economies in Africa represent an employed population relative to that in Western Europe and the growing middle class for the continent is estimated at over 300 million – what can these economies tell us about the future potential for banking and payments on the continent?
Aggressive state giants drive out western banks
Despite the economic slowdown in 2008-9, the payment cards business in Russia has continued to expand and to fulfil its potential, with cards per capita reaching 0.9.
ID Data shows growth against the trend
In 1990, the peak of UK cheque activity, 11 million cheques were issued each day in the UK. That number is now 3.5 million and falling fast.
May/June 2011 ISSUE
COVER STORY - Payment hubs: future-proofing payments
One of the ways in which banks around the world are aiming to reduce costs and streamline processes is through the use of payment hubs, which integrate several payment processes into a centralised facility.
CARD NOTES
Wells Fargo and Chase trial EMV cards
US payment industry has so far refused to consider a large-scale move to EMV chip cards, citing concerns over the costs involved in overhauling infrastructure, and ongoing regulatory uncertainty over interchange levels. ■ EMV technology drives European ATM fraud losses in 2010.
Visa launches digital wallet
Visa Inc will be launching a range of next- generation payment solutions to build upon its mobile and e-commerce strategy, with one of the first products being a digital wallet which will be made available to customers in the US and Canada later in 2011.
EAPS transaction volumes rise
The Euro Alliance of Payment Schemes (EAPS) has announced that 2 million European cross-border transactions were undertaken in 2010 using its payment framework. ■ Barclays steps up its acquisition strategy. ■ WorldPay to make strategic acquisition of Envoy Services.
Visa and MasterCard results show positive progress
Judging by the latest set of financial results from Visa and MasterCard, 2011 looks like being a very profitable year indeed, with revenues and card volumes having recovered strongly after two years of stagnation.
SEPA could fail without binding legislation – ECB
After a series of stumbling starts, there at least is some momentum in the areas of credit transfers and direct debits, but the SEPA Cards Framework remains a thorny issue.
ESBG urges compromise on direct debit interchange fees
According to the ESBG, the European Commission’s proposed ban on interchange for normal direct debit transactions raises serious issues, not least the very success of direct debits in SEPA.
March/April 2011 ISSUE
COVER STORY - Visa Europe places emphasis on convergence
Ahead of Visa Europe’s bi-annual Insights member bank briefing, PCM spoke to CEO Peter Ayliffe about how the network fared during the economic turbulence and how it is gearing up for growth in the European payments space.
CARD NOTES
UK card fraud continues to fall
Figures released from the UK Card Fraud Association show that card fraud is continuing to fall, driven by the implementation of EMV, increasing adoption of online authentication and improved industry sharing of fraud data and intelligence. ■ Barclays acquires Egg from Citigroup. ■ A third of Norwegians expect cash to vanish.
Australia to cut interchange fees
A decision by Australia’s electronic debit network EFTPOS to introduce a new multilateral interchange fee structure means that Australian merchants will not pay interchange fees on transactions under A$15. ■ Luxembourg migrates to V PAY. ■ MasterCard Europe reports results for 2010.
PSE Consulting 2010 prepaid report
European payment consultancy PSE Consulting has released its latest report on the prepaid payment card market, ‘European Prepaid 2010: Moving Into The Mass Market’. ■ European micropayments set to reach €15 billion by 2015. ■ Banks must adapt to payment changes – BCG.
US interchange battle
In the wake of the Durbin amendment in the US, which could impose debit card swipe fees proportional to the cost of processing the transaction, industry reaction has been mixed. ■ EMV remains a stumbling block in the US.
Payment Card Yearbooks - European Payment Cards Yearbook 2011-12, containing 33 individual country profiles and Russia, Georgia and CIS Payment Cards Yearbook 2011-12, containing 10 individual country profiles.
