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
Insight and analysis behind some of the biggest payments stories
Developments on m-payments from around the world
The latest NFC news on cards and mobile devices
Coverage of the equipment market’s most dynamic sector
Products & contracts
The latest products, contracts and deals