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Welcome to the JANUARY|FEBRUARY 2012 issue
2012 predictions
Many things have been predicted for the year 2012 – not least the end of the world if the Mayan calendar is to be believed, although one has to wonder why anyone should pay attention to such an ominous prediction when the much more likely explanation is that the Mayan stonemason simply ran out of stone for another calendar.
But other predictions for 2012 are rather more fortuitous. It would appear that the term mobile payments is starting to appear with more regularity than cards in some sections of the industry, suggesting that some would prefer us to forget cards altogether and leapfrog straight into new form factors. This may be a fanciful idea right now, but there’s no doubt that mobile payments are increasingly proliferating and redefining the consumer payments experience worldwide.
There are many business model questions still to be answered in relation to mobile payments – revenue-sharing, who owns the customer, etc – along with how best to sell the value proposition to consumers. Recent surveys have indicated that one of the major hurdles in the way of increasing mobile payments penetration is the security aspect. There is a fine balance to be struck between providing an easy user experience and not deterring consumers with necessary security checks – and in relation to mobile payments, the question of where the secure element should reside is also still to be settled.
These issues are explored in the 2012 Advanced Payments Survey, which PCM has produced in conjunction with Edgar, Dunn & Co. Initial findings show that there is much to be positive about in relation to mobile payments and advanced payments in general. What needs to happen now to turn potential into reality is yet to be decided, but if the survey’s findings are anything to go by, cards could indeed become a relic of a bygone age – much like the Mayan calendar.
Victoria Conroy, Editor,
Payments Cards & Mobile
January|February 2012 Contents
NEWS IN BRIEF: The payments world in 60 days
Click here for News in Brief
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.
PURCHASE CARD NOTES >
FEATURES
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.
Social media in payments – How social are you?
Early findings from new research into use of social media by the payments industry reveal an industry keen to try, but struggling to get the best results.
Pan-European outlook – Payment challenges
Cards and the payment industries are facing new challenges from contactless technologies and from (mobile) online payments. But cards maintain focus and show significant growth rates in many European countries.
PURCHASE LATEST ISSUE >
ISSUING and ACQUIRING
WorldPay and Diners Club expand partnership to increase acceptance
WorldPay has signed a merchant acquiring deal with Diners Club International, owned by Discover Financial Services, which aims to increase the acceptance of Diners Club and Discover cards in the UK. • HSBC to sell Malta acquiring business to HSBC Merchant Services. • PayLife and SIX Card Solutions hail Austrian merchant migration. • SBI drops plan for merchant acquiring JV. • Citi adds Israel to roster of commercial card markets.
Merchant acquiring and the internet
The rise of e-commerce is having many ramifications for merchants, banks and processors, all of which must learn to adapt to new consumer channels and payment methods. Now, a new study from First Annapolis Consultancy has looked at the impact of internet searches on merchant acquirers. • First Data signs deal with Poland’s Sygma Bank. • MasterCard launches display cards in Romania.
read more issuing and acquiring news
MOBILE PAYMENTS
Mobey gives perspective on market development
Simply providing consumers with the convenience and functionality of mobile wallet technology will not be sufficient to drive mass-market adoption, according to the Mobey Forum, which has published a white paper, titled: 'Mobile Wallet – Definition and Vision'. • Monitise and FIS strategic partnership to develop mobile services. • Fiserv’s CheckFree and CashEdge files suit against FIS. • PayPal tests new in-store mobile payment app. • Reply's remote payment platform based QR codes.
read more mobile payments news
CONTACTLESS
Visa says contactless will go mainstream in 2012
Visa Europe is tipping 2012 as the year that contactless payment will become a mainstream payment method. • Japanese carriers form NFC consortium. • EMVCo delivers update on EMV contactless mobile payments advancements.
Telefónica selects G&D to deliver TSM NFC across Europe
Telefónica’s new Digital unit and Giesecke & Devrient (G&D) have reached an agreement to establish a single European-wide platform for NFC services. • Dutch banks and telcos push NFC back to 2013. • Visa contactless efforts make headway in Germany. • France takes leading role in NFC applications. • La Caixa teams with Visa for Barcelona contactless drive.
read more Contactless and Contactless NFC
POS TERMINALS
Nigerian POS deployment commences
The Central Bank of Nigeria (CBN) is throwing its weight behind a new payment policy, known as ‘cash-lite’, which is designed to encourage cashless payments. • Maas Global Solutions leverages TSYS’s Summit platform for added payment. • Pay.On launches mobile POS terminal. • Lack of POS terminals in Azerbaijan restricts cashless payment.
read more POS Terminals
E-COMMERCE
Intel and MasterCard join forces for online shopping collaboration
Intel and MasterCard have entered into a multi-year strategic collaboration to further enhance the security and consumer payment experience for online shopping. • WorldPay plans ambitious expansion. • Planet Payment partners for Facebook e-commerce. • Online shopping hindered by security fears – survey.
read more e-commerce
PRODUCTS
VocaLink and Clear2Pay team up for immediate global payments
• eCommera helping retailers capitalise on mobile commerce. • Atos and Travelex strengthen partnership with new contract. • Wirecard acquires NBS prepaid business. • INSIDE Secure inside Intel. • FleetCor acquires AllStar.
read more products and contracts
CONFERENCES
2011 finishes strong, 2012 off to a flying start
view more conferences
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.
