Forward Features

Sept/Oct 2018

The changing face of the US payments landscape

Use US adoption of chip (2015 – onwards) as a starting point (piecemeal adoption of EMV, other issues) and consider payments in the context of a wider palette of changes in retail financial services (e.g. robo-advisers, online insurance, etc). With specific regard to payments, consider adoption rates for contactless, mobile wallet and P2P payments in the US compared to other countries.

Crypto-currencies and Central Banks

Agustin Carstens, general manager of the BIS, has described bitcoin as “a combination of a bubble, a Ponzi scheme and an environmental disaster”. Core issues are: a) the potential of crypto-currencies to run alongside or replace fiat currencies and b) the regulatory framework for these currencies – what would it cover, enforcement in a digital environment, etc. The BIS has told central banks to think hard about the potential risks before issuing their own cryptocurrencies, but there seems to be a wide range of opinion among Central Banks on the potential and the associated risks.

The future of interchange fees

Outline recent history of interchange fees, including D0J case and recent cuts in interchange rates (August 2018). Using the Kroger case as a starting point. Is interchange sustainable as a concept? If not, how will the big networks survive as they seek to hike scheme fees?

NEWS AND COMMENTARY

News in brief

Highlights from the payments world over the last 60 days

Card notes

Insight and analysis behind some of the biggest payments stories

Mobile payments

Developments on m-payments from around the world

Contactless

The latest NFC news on cards and mobile devices

E-commerce

Online goings-on

POS terminals

Coverage of the equipment market’s most dynamic sector

Products & contracts

The latest products, contracts and deals