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May/June 2010 ISSUE FULL CONTENTS
CARD NOTES
Ukraine is in the trough
The country’s economy contracted by 12% in 2009 and remains flat, while banks are making provisions against bad loans running at an average of 25%.
Debit’s star rises fast over Turkey
Debit may still be tiny compared with the extraordinary credit card market, but it’s growing at 77% year-on-year.
South East Asia presents a huge opportunity
The trouble is there are so very many barriers, from challenging geography, to regulatory hurdles and practices such as each bank insisting on its own POS at
every merchant’s premises. ■ The decline and fall of global credit.
Smart card market is growing at 16%
The Americas were biggest growth markets, according to the Smart Payment Association’s annual review.
FEATURES
COVER STORY - Web giants take on the payments world
The financial establishment seems uninterested in the huge forces that are eying the payments market. If you’re not scared, you don’t understand what’s going on.
Cross-border card processing
Reducing the risks
Multi-country banks are urgently searching for harmonised, lower cost, centralised card processing platforms, but do they understand the risks involved, particularly in transferring to Europe’s growing card processing sector? ■
Contactless payments in Europe
Where’s the cavalry?
Contactless cards still only account for low volumes of transactions – what is hindering their widespread take-up and must be done to resolve them?
MOBILE PAYMENTS
Defining business mobiles for m-payments
A new study looks at six possible business models and provides examples and analysis.
M-banking in India
Celent examines dual strategies for urban and rural areas, and the trends driving both sectors.
Mobile Wallet Service places operators centre stage
Alcatel-Lucent’s strategy for ensuring operators get a cut of transaction revenues. ■ China UnionPay allies with banks, operators and handset makers to progress m-payments. ■ Maroc Telecom launches Mobi Cash. ■ M-commerce should be the focus, not contactless, Ovum says.
CONTACTLESS
Managing multiple secure elements in one handset
GlobalPlatform’s new paper sets out the business and technological challenges and opportunities of having multiple secure units in one phone. ■ NFC shipments to reach 785 million in 2015. ■ UK’s first ITSO smartcard trial for rail.
Are microSD cards the key to progress?
A new report looks at the business drivers and user experience of using microSD cards as opposed to fully integrated NFC.
■ Barclaycard extends NFC with Orange. ■ Making NFC multi-purpose.
POS TERMINALS
VeriFone extends VX range
Variations for different applications built around a single architecture.
■ RBS WorldPay chosen as iPhone solution provider. ■ Paysaber adds to iPhone. ■ First Data and Hypercom join in fight against fraud. ■ Ingenico partners WorldNet TPS for e-commerce.
Hypercom multi-lane line
The L5000 range enables merchants to take the check-out to the customer
■ SCL adds mobile to UltraPos.any.
PRODUCTS
Analytics to measure campaigns’ success on the fly
Adeptra Analytics are designed to enable financial institutions to build smarter consumer credit and risk management strategies. ■ Thales extends cryptography across the enterprise. ■ AmEx launches teen prepaid card. ■ Swiss Post supports DDA. ■ BKM deploys FIS switch.
CONTRACTS
Will CyberSource boost Visa’s e-commerce ambitions?
Visa believes it will – paying about $2 billion for the entity which processes about 25% of all e-commerce dollars in the US. ■ Fiserv teams up with MoneyGram for same day pay. ■ Canada’s first EMVco card. ■ Clear2Pay acquires Jware. ■ Serverside underpins TSYS.
CONFERENCES
Cardist – a true Turkish delight
■ WIMA not entirely blighted by volcano.
Payment Card Yearbooks have published their latest editions - European Payment Cards Yearbook 2009-10, containing 33 individual country profiles and Russia and CIS Payment Cards Yearbook 2010-11, containing 10 individual country profiles.
