Report Assesses the Durbin Amendment and Considers the Impact Across Stakeholders and the Future of Payments.
Boston, MA -- Now that the Durbin Amendment (Regulation II) has been moved from possibility to reality, we must put this legislation in context of the current dynamics within and around the payments market. Mercator's new report, Durbin Amendment Final Rules: Analyzing Settling Dust, takes a wide market view across its primary stakeholders. By incorporating expert analysis alongside findings from executive interviews and conversations, the report presents a picture of the present and, what could be, the future state of the debit card industry.In the report, Mercator thoughtfully examines major components of the final rules, presents the potential impact each may have on the market, and offers an organizing framework for considering the Amendment's impact on the U.S. debit payments industry moving forward.
"In response to the Durbin Amendment, we believe it is reasonable to assume that the FI market will more rapidly build efficiencies and aggressively compete to gain more financial services activity per consumer," Patricia Hewitt, director of Mercator Advisory Group's Debit Advisory Servicecomments.
Highlights of this report include:
A discussion of market dynamics that lead to the Durbin Amendment being signed into law.
Review of the changes taking place in the non-interest revenue streams supporting retail depository accounts in the United States.
A detailed discussion of the major components of the legislation including:
The potential impact on the small/medium sized financial institution market, and why interchange fee regulation may be a small part of a much larger challenge for this group of issuers.
How issuers may react to the surprising new exemption criteria for prepaid card programs.
What the upside is in being designated a regulated payment card network.The long-term impact of the Durbin Amendment as a catalyst for material change in the current system of interchange fees.
The areas where the Amendment has the potential to start a new round of market constriction, and the providers that would benefit from this shift.
One of 11 exhibits in this report:
This report is 35 pages long and has 11 exhibits.
Companies mentioned in this report include: Federal Reserve Bank, Visa, MasterCard, American Express, PayPal, First Data, PULSE, Shazam, Fiserv, FIS, Citibank, JPMorgan Chase, Wells Fargo, PNC Bank, U.S. Bank, and Discover.
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October 20, 2011 10:40 AM Eastern Daylight Time
Educational Seminar Focused on Helping Educate Financial Card Issuers on EMV Technology, NFC Adoption and How the Two Technologies Converge
MINNETONKA, Minn.--(BUSINESS WIRE)--Datacard Group, the world leader in secure ID and card personalization solutions, today announced that it will be hosting a seminar in San Francisco on Nov. 8th focused on educating bank executives, financial card issuers, acquirers, service bureaus and retailers on EMV® technology and Near Field Communication (NFC) adoption in the U.S. marketplace.
“Datacard Group is pleased to be hosting another seminar to help U.S. card issuers understand the EMV technology infrastructure and how to easily integrate this into their card programs”
This three-hour seminar—held at SOMA, 795 Folsom Street 1st Floor in San Francisco—is part of Datacard Group’s EMV technology educational series led by Guy Berg, a global industry expert for Datacard Group. The seminar is designed to help increase awareness of EMV technology requirements, as well as walk attendees through where and how EMV technology and NFC capabilities converge. In addition, it will address the implications of the recent announcement made by Visa, Inc. regarding their timeframes for market adoption of these two technologies.
Datacard Group, with more than 200 EMV technology solutions implemented globally, is uniquely positioned in the market to help companies easily migrate to EMV technology in the U.S. Datacard®solutions currently issue over five million smart cards everyday worldwide.
Berg, who has more than 20 years' experience in the banking and credit and debit card industry, has worked on global EMV technology projects over the past 12 years and is considered an industry expert in EMV technology, U.S. contactless chip cards, NFC payments and the electronic payment ecosystem. In addition, he is known for his the ability to present EMV technology topics in an easy-to-understand manner and has presented at numerous conferences around the globe, including Smart Card Alliance EMV technology workshops and most recently at the Merchant Advisory Group (MAG) U.S. EMV technology migration panel.
“Datacard Group is pleased to be hosting another seminar to help U.S. card issuers understand the EMV technology infrastructure and how to easily integrate this into their card programs,” said Berg. “EMV and NFC technology, unlike magnetic stripe technology, is a much more cross-functional integrated payment application, which means each entity—whether it is an issuer, acquirer, service bureau or retailer—is affected by this payment ecosystem. Understanding the role of each and how this will affect them will help lay the foundation to better understand how to implement these technologies.”
Datacard® Secure Issuance Anywhere™ includes EMV technology and provides customers the flexibility to issue and replace cards anytime, anywhere, with complete security. This integrated platform includes scalable and flexible hardware, software, supplies, consultation and project management for card and credential management – with the capability to easily combine central issuance orinstant issuance, as well as emerging mobile issuance into a single, integrated solution.
For more information, or to register for the event, please visit www.datacard.com/emv-card-issuance-seminar
About Datacard Group
Datacard Group is building on a 40-year heritage of innovation and customer success. Our portfolio of solutions, backed by expert service and support, enable card and secure ID programs for financial, government and other markets worldwide. With an unmatched commitment to customer satisfaction, Datacard remains the industry’s leading brand of secure ID and card personalization solutions.www.datacard.com