Tuesday, October 9, 2012

Debit Cards Continue to Take Market Share from Credit Cards


Paris - October 9, 2012 Debit cards continue to gain market share from credit cards, and the use of electronic and mobile payments continues to show exponential growth concludes the World Payments Report (WPR1) 2012 released today by Capgemini, RBS, and Efma.

Two other major themes highlighted by the report are: the relationship between regulation and innovation, with some regulation challenging innovation; and the fact that the BRIC (Brazil, Russia, India, China) concept is no longer valid in payments, with Brazil now the second-highest ranking country by payment volumes after the US. There were 20 billion non-cash transactions in Brazil in 2010, compared with 13.1 billion in Russia, India and China combined. The report confirms the resilience of payment volumes, as global non-cash payments volumes grew by 7.1 percent in 2010, reaching 283 billion, although early 2011 indications show only an additional 0.8% growth. Payment volumes in developing markets grew at a much faster rate (16.9%), boosted by a more than 30% increase in both Russia and China.

Rise of the debit card and m-payments

As more consumers embrace electronic, mobile and debit card payments, industry innovation will continue to focus heavily on these payment methods. According to industry analysts, there were an estimated 28.3 billion electronic and mobile payment transactions globally2 in 2011, and in 2010 more than one in three non-cash payments globally was made using a debit card, up 15.2%, according to the report. But with only 2.1% of all mobile users making m-payments, the potential for additional growth is still huge, with mobile payments set to reach 17 billion by 2013 and e-payments 31.4 billion by 2013. “Debit card transactions continue to take market share from other types of payment methods because they easily allow people to bypass the use of cash,” said Kevin Brown, Global Head, Transaction Services Product, International Banking, RBS. “As more and more consumers move to mobile and other electronic payments, we’ll continue to see the exponential growth of innovative payment solutions.”

Regulation can stifle innovation

The WPR also reveals how the relationship between regulation and innovation can challenge banks’ capacity to undertake customer centric innovation. Partly as a result of the Eurozone debt crisis, European banks are complying faster than originally expected with the Basel III objectives, but as a result they have less capacity to focus on innovation. The report concludes that regulation can have direct – or indirect – beneficial consequences for payments innovation but not for all cases. “Regulation must not be created in regional isolation. Its central goal needs to drive innovation forward, and deliver customer benefits that push industry boundaries,” said Jean Lassignardie, Corporate Vice President, Head of Sales and Marketing, Capgemini Global Financial Services.


Asked what is driving innovation, more than two-thirds of respondents cited customer retention and acquisition as the two most critical areas for innovation. But in customer service, banks face tougher challenges than their non-bank counterparts, which in some cases have been able to focus on being customer-centric, without the same regulatory pressures.


The report also shows that the real payment innovators are organisations with a granular understanding of the needs of their target customer segments, as well as their own capability to innovate. The WPR cites Japanese telecommunications organisation NTT DOCOMO, which has succeeded in quickly growing to create a critical mass of both users and merchants totaling 35 million or half of the market with its “Mobile Wallet”. Mobile Wallet, or Osaifu-Keitai in Japanese (as known locally), is a proximity payments instrument enabled through compliant mobile phones, with services going beyond just NFC payments and including: electronic money, identity card, loyalty card, public transport ticketing (includes railways, buses, and airplanes), and credit card. By using open standards, building on existing payment instruments (such as credit cards) and considering loyalty programs and CRM services for merchants, the program has proven successful over the past eight years.

Time to call time on BRIC label in payments

Globally, the volume of non-cash payments remains concentrated in developed markets, with North America, Europe and Mature Asia-Pacific together accounting for 79.5%. However, the BRIC block is diverging, with Russia and China boosting payment volume increases of more than 30%, while Brazil has become  the  third-largest  payment  market  in  the  world,  after  the  US  and  the  Eurozone.  India’s  payment volume grew at 10% and has great potential for future growth, but is still the BRIC payment laggard. “The BRIC acronym no longer works in payments,” said Patrick Desmarès, Secretary General, Efma.“Given significant differences in each market’s stage of development, the four countries should be viewed very  differently.  This  is  particularly  important  for  Brazil,  where  volumes  now  surpass  all  the  individual European markets.”


The report is available for download at www.capgemini.com/wpr12


1The World Payments Report 2012 is an annual report which examines the latest developments in the global payments landscape, including payments volume trends, payment instruments (such as cards and checks), key regulatory initiatives and their impact on strategic considerations and options for banks.
2 Industry analysts have amended their forecasts for electronics payments noticeably and for mobile payments significantly in the last year so estimates vary tangibly from those reported in WPR 2011 as shown by adding totals of figures 1.7 and 1.8 in the WPR 2012..



About Capgemini

With around 120,000 people in 40 countries, Capgemini is one of the world’s foremost providers of consulting, technology and outsourcing services. The Group reported 2011 global revenues of EUR 9.7 billion. Together with its clients, Capgemini creates and delivers business and technology solutions that fit their needs and drive the results they want. A deeply multicultural organization, Capgemini has developed its own way of working, the Collaborative Business ExperienceTM, and draws on Rightshore®, its worldwide delivery model.

Learn more about us at www.capgemini.com

About Capgemini’s Financial Services Global Business Unit

Capgemini’s Global Financial Services Business Unit brings deep industry experience, innovative service offerings and next generation global delivery to serve the financial services industry. With a network of 21,000 professionals serving over 900 clients worldwide Capgemini collaborates with leading banks, insurers and capital market companies to deliver business and IT solutions and thought leadership which create tangible value.

More information is available at: www.capgemini.com/financialservices

Rightshore® is a trademark belonging to Capgemini

About Markets & International Banking (M&IB)

RBS Markets & International Banking (M&IB) is a leading banking partner to major corporations, financial institutions, government and public sector clients around the world. M&IB provides an extensive range of products and services in debt financing, global markets, risk management, investor products, financial advisory and transaction services. The division focuses on long-term client relationships and excellence in product execution underpinned by global insight, local knowledge and a prudent and sustainable banking model to meet the evolving market and regulatory backdrop. Committed to serving clients' needs internationally, M&IB has on-the-ground operations in 38 countries.

The Royal Bank of Scotland Group (RBS)

The RBS Group is a large international banking and financial services company. Headquartered in Edinburgh, the Group operates in the United Kingdom, Europe, the Middle East, the Americas and Asia, serving over 30 million customers worldwide. The Group provides a wide range of products and services to personal, commercial and large corporate and institutional customers through its two principal subsidiaries, The Royal Bank of Scotland and NatWest, as well as through a number of other well-known brands including Citizens, Charter One, Ulster Bank, Coutts, Direct Line.
Visit: www.rbs.com

About Efma

As a global not-for-profit organization, Efma brings together more than 3300 retail financial services companies from over 130 countries. With membership from almost a third of all large retail banks worldwide, Efma has proven to be a valuable resource for the global industry, offering members exclusive access to a multitude of resources, databases, studies, articles, news feeds and publications. Efma also provides numerous networking opportunities through work groups, online communities and international meetings.

Visit: www.efma.com


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42 "Mobile Payment" News Stories for October 9th

News35 new results for "Mobile Payment"
A Mobile-Payment Revolution
CFO.com Magazine
It's lunchtime in Boston's financial district and the line at Boloco, a burrito chain, is long. A few people stand with credit or debit cards in hand, but most are holding their smartphones as they advance toward the register. A cashier glances at a ...
See all stories on this topic »

CFO.com Magazine
MOLCube mobile payment startup gets nod from Malaysia's Bank Negara
e27
MOLCube Sdn Bhd is a mobile payment startup that allows small and medium businesses to accept credit and debit card payments using an iPad, iPhone, iPod Touch, Android or Windows Phone device. A BlackBerry version is also in the works.
See all stories on this topic »
Mobile payment system to arrive in Starbucks
China Post
Starbucks CEO Howard Schultz joined Square founding CEO Jack Dorsey at a large gathering of store managers Thursday in Houston to say that the rollout of their new partnership remains on track. Starbucks set the tech world abuzz in August when it ...
See all stories on this topic »
GEMALTO : Rogers Communications Selects Gemalto to Secure Mobile NFC ...
4-traders
B) and Gemalto (Euronext NL0000400653 GTO) announced today that mobile payment solutions currently in pilot testing and coming to market this year on Rogers NFC-enabled devices will be secured by digital security technology from Gemalto. Rogers will ...
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Debit Cards Continue to Win Market Share from Credit Cards
The Herald | HeraldOnline.com
According to industry analysts, there were an estimated 28.3 billion electronic and mobile payment transactions globally1 in 2011, and in 2010 more than one in three non-cash payments globally was made using a debit card, up 15.2 percent, according to ...
See all stories on this topic »

The Herald | HeraldOnline.com
mPowa Chief Executive Dan Wagner Reveals Mobile Phone Payment Device ...
Huffington Post UK
When asked if the UK political elite had come asking to use his gadget to get party donations, Wagner replied: "Not yet, but in principle I have no problem with it; feel free to mention it to them." Would your business benefit from a mobile payment ...
See all stories on this topic »
KT, NTT DoCoMo team up for mobile payment
The Korea Herald
KT, NTT DoCoMo team up for mobile payment. 2012-10-09 19:58; voice_heraldcampus; zoom_plus zoom_minus Text. Latest News. DUP lawmaker defects to join Ahn's campaign · Park GH's campaign enters hiatus over intensified party strife · Solomon ...
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Fin.X from mFoundry brings FIs instant access to mobile payment services
Mobile Payments Today
It also doesn't hurt the service providers that mFoundry brings some substantial mobile payment credibility to the table. The company is behind the Starbucks mobile payment application, arguably the most successful mobile payment deployment to date.
See all stories on this topic »
ManagePay Receives 2012 Frost & Sullivan Asia Pacific New Product ...
The Herald | HeraldOnline.com
We believe that such recognition from a respected organization like Frost & Sullivan is testament of our continuing commitment and ability to deliver an innovative, simple-to-use and affordable yet secure mobile payment solution and other retail and ...
See all stories on this topic »
The Great Tech War Of 2012: On The Mobile Pay Front
Fast Company
Apple was poised, at last, to make good on what seems like a long-term investment into mobile payment tech with the iPhone 5. Instead it chose not to include NFC technology at all. The closest thing we have from the company that Steve built is Passbook.
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Fast Company
Here's How PayPal's New Boss Will Mix Up Mobile
Wall St. Cheat Sheet
Starbucks (NASDAQ:SBUX) recently announced a partnership with Square that put the mobile payment processing platform into the spotlight. Many see the end of cash in sight and magnetic stripes may follow. However, Square isn't the only player set to ...
See all stories on this topic »
Leading the Charge
CFO.com Magazine
In the long term, the rise of mobile-payment applications could disrupt the industry (see "A Mobile-Payment Revolution"). Helping Visa adjust to a changing world is CFO Byron H. Pollitt, previously finance chief of Walt Disney Parks and Resorts and ...
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CFO.com Magazine
Square Likely To Announce Cabs Partnership With New York City
Forbes
After closing out a deal to implement its technology in Starbucks stores across the nation, mobile payment company Square may be taking to the streets to find more revenue streams. Literally. Late Monday, private company expert PrivCo said that the San ...
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'Digital Wallets' the Future of Payments
HispanicBusiness.com
Companies including Google, PayPal, Visa and MasterCard reportedly are working to develop mobile payment technology in an attempt to capture a piece of the exploding market. Meanwhile, a group of retailers including Wal-Mart, Best Buy, CVS and ...
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HispanicBusiness.com
PCI Mobile Payment Acceptance Security Guidelines For Developers, v.1.0
Mondaq News Alerts (registration)
The September 2012 release of the Mobile Payment Acceptance Security Guidelines for Developers (the "Guidelines") by the Payment Card Industry Security Standards Council ("PCI SSC") should be of interest to providers of mobile payments services or ...
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WorldPay launches mobile payment pages for m-commerce
Finextra
WorldPay, the global leader in payment processing, risk and alternative payments today announced Mobile Payment Pages, a mobile version of Hosted Payment Pages specifically for web-enabled mobile phones and tablet devices. 450 views 0 comments ...
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Is the iPad a mobile device?
TabTimes
A recent high profile example of using tablets in a mobile context comes from mobile payment upstart Square who has announced an iPad-based payment solution for taxicabs that is currently piloting in New York City. If an NYC cab isn't mobile, I don't ...
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TabTimes
NCR to exhibit convenience store solutions at NACS show
Mobile Payments Today
NCR will unveil ConvenienceGo (C-Go), a mobile payment application for smartphones. The store-branded smartphone app allows a shopper to make purchases, including fuel, food, car washes and other items, and pay through the app, according to an ...
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NTT : DOCOMO and KT Aim to Develop Mobile NFC-based Cross-border E ...
4-traders
Going forward, we will partner with international operators and service providers to drive the development of mobile- payment businesses for increasingly enhanced mobile experiences on a global scale." Kook-hyun Kang, Senior Vice President of KT's ...
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Heartland Payment Systems® Launches Mobuyle™ Restaurant Mobile Payment ...
Marketwire (press release)
PRINCETON, NJ--(Marketwire - Oct 8, 2012) - Heartland Payment Systems ( NYSE : HPY), one of the nation's largest payments processors, today made it easier for restaurateurs to accept/process card payments anywhere inside and outside a restaurant by ...
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First Major Mobile NFC Cashless Payment Solution in India to be Launched
RFID-Ready (press release)
Related Articles in - Mobile Payment. Identive Receives New Customer Orders For More Than 20 million RFID-/NFC transponder products · SMARTRAC Supports Mobile Application Launch for NFC-Enabled Product Authentication · Identive Introduces Family ...
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RFID-Ready (press release)
A smorgasbord of mobile payment methods
Banking Day (registration)
Ultradata Australia, which supplies the core computer systems to many of Australia's credit unions, has unveiled a mobile payment application that allows people to make payments armed only with the recipient's mobile phone number or email address.
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The biggest hurdle in innovation!
Fin24 (blog)
This scenario now plays it out in the mobile payment sphere. It's just not taking off as most expected it to do. The reason, says BI, in their daily report yesterday is because there is no obvious paint point for users in present payment systems and ...
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Valero Selects VeriFone PAYMEDIA
Zacks.com
The company aims to offer its retailers a managed service that can easily accept all existing payment types, including the evolving alternative and mobile payment methods being offered by Google and PayPal, Groupon, Isis, Visa, MasterCard and American ...
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Remit money in India without bank account
Business Standard
Now, you can transfer money across India without a bank account. Gold financing company Muthoot Finance today said has partnered mobile payment solutions company PayMate to launch a money transfer service in India.
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MEDIA ADVISORY: PayAnywhere CEO, Marc Gardner, to Speak at the 2012 ...
MobilityWire (press release)
Marc will address how intelligent mobile payment solutions impact businesses, what features mean the most to business owners and how companies can make the move from "dumb" to smart terminals to help drive the overall success of their business.
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Nigeria's cashless policy not living up to expectations
Mobile Payments Today
Nigeria's "cash-less" policy is lagging behind the government's early expectations, according to Bismark J. Rewane, managing director of Nigeria-based Fiscal Derivatives Co. Ltd. Rewane said that connectivity problems with POS terminals, ATMs and ...
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NAB Partners with VeriFone for Payments Innovation
PYMNTS.com
With VeriFone's mobile payment solutions, merchants are able to use tablets or smart phones as payment acceptance devices that can be used anytime, anywhere. VeriFone's secure payment network will also be used to roll out updates and enhancements ...
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Datacard Group to Exhibit at CARTES & IDentification 2012 in Paris, France
PYMNTS.com
Mobile Solutions – demonstrations include a suite of solutions which use microSD technology to transform smart phones into interactive contactless mobile payment devices, enabling organization to easily issue consumers a credit, debit, prepaid or ...
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wal-Mart and American Express to Co-Launch New Prepaid Card
Forbes
The new card will accept payroll depsosits and smartphone deposits, while also having mobile payment and person-to-person transfer abilities. The card will give American Express access to Walmart shoppers without bank accounts. Shares of Wal-mart are ...
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Skrill announces 29% revenue increase and 30 million customer accounts globally
Casino City Times
"Moving forward, we will continue to invest in new technology, capitalizing on the growing importance of the mobile payment market, which can already be seen with Skrill 1-Tap, offering consumers instant payments with just one tap across all devices.
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The State of Cloud Computing Around the World: South Africa
CloudTimes (blog)
In some cases, mobile applications of certain types have usage statistics that dwarf even the US's. An example is Safaricom's M-PESA mobile payment system, which provides a way for customers to transfer money to each other through mobile phones.
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CloudTimes (blog)
Business Briefs: Follow the Money
India West
New York-based Zipmark, a provider of mobile payment platform transmitting check-processing infrastructure directly to merchants and consumers accepting secure payments from any bank or credit union checking account, has raised $1.8 million from ...
See all stories on this topic »
Payair names Tornell as VP of Marketing
Telecompaper (subscription)
Swedish mobile payment service provider Payair appointed Helena Tornell as its new vice president for Marketing and member of its management team. Tornell comes from a position as Marketing Manager at Teleopti where she worked for five years, first as ...
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Wal-Mart, American Express team up to offer prepaid card
Los Angeles Times
Wal-Mart testing mobile checkout to cut time in lines · Mobile payments may be the future, but they're still unsafe · Doughnut app arrives: Dunkin' Donuts accepts mobile payment. Follow Shan Li on Twitter @ShanLi. Copyright © 2012, Los Angeles Times ...
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Blogs3 new results for "Mobile Payment"
When do London cabs get Square's payment system? | London Mini ...
By admin
With the latest mobile payment technology, Square Wallet, you just say your name to pay. Simple! New York cabs have been quick to adopt the new innovation and Londoners are now waiting for a similar innovation to reach the British capital.
London Cabs
BII REPORT: These Are The Two Keys To Making Mobile Payments ...
By Business Insider
And yet, already five years into the smartphone era, mobile payments are not mainstream. In a recent report, BI Intelligence analyzes the two key problems that any mobile payment solution must solve to break into the mainstream. Access the ...
Business Insider
Heartland Payment Systems(R) Launches Mobuyle(TM) Restaurant ...
As one of the first secure, mobile payment applications fully designed and developed by a leading card payments processor, Mobuyle can be used by existing Heartland card restaurant merchants (new Heartland merchants must open an ...
AndhraNews.net - News & Feature Updates

Web4 new results for "Mobile Payment"
Merchants turn to mobile payment methods | CharlotteObserver.com
The way we pay for things is changing. Those credit-card keypads yielding paper receipts are giving way to a new group of mobile payment devices that ...
www.charlotteobserver.com/.../some-find-the-swipe-is-right.ht...
Chunghwa Telecom enters contactless mobile payment market ...
Taipei, Oct. 8 (CNA) Chunghwa Telecom Co., Taiwan's largest telecom operator, launched a trial project Monday that will enable smartphone users to pay for ...
focustaiwan.tw/ShowNews/WebNews_Detail.aspx?ID...
ZooZ, Credorax Partner for In-App Mobile Payment
The companies will focus on offering the mobile payment technology to Credorax merchants in the retail, travel, entertainment and content sectors in Europe.
cardnotpresent.com/.../ZooZ,_Credorax_Partner_for_In-App_...
Mobile Payment Pavilion - Cartes 2012 - CARTES
CARTES 2012 is welcoming companies dealing with mobile payment in a dedicated ... Mobile payment and ticketing solution suppliers; Mobile phone operators ...
www.cartes.com/Cartes-2012/.../Mobile-Payment-Pavilion



Rogers Communications Selects Gemalto to Secure Mobile NFC

Blogs2 new results for NFC Mobile Payment
Rogers Communications Selects Gemalto to Secure Mobile NFC ...
By Smart Card Alliance
B) and Gemalto (Euronext NL0000400653 GTO) announced today that mobile payment solutions currently in pilot testing and coming to market this year on Rogers NFC-enabled devices will be secured by digital security technology from ...
Smart Card Alliance
Restaurant mobile payment app unveiled for Apple phones, tablets ...
Dunkin Donuts logo
Dunkin Donuts logo (Photo credit: Wikipedia)
By admin
"mobile payments". Restaurant mobile payment app unveiled for Apple phones, tablets QSRweb.com. Dunkin' Donuts' mobile payments platform · » View More Videos. Request Information From Suppliers. Save time looking for suppliers.

Near Field Communication (NFC)...



Yeldi Group Selects Identive and NXP for Launch of First Major Mobile NFC

Philips & NXP
Philips & NXP (Photo credit: chuwasg)
ePaymentNews for NFC Mobile Payment
Yeldi Group Selects Identive and NXP for Launch of First Major Mobile NFC ...
NASDAQ
With targeted deployment of 300,000 mobile phones and millions of NFC tags, Yeldi Softcom aims to speed the transition from cumbersome, cash-based transactions to a world of convenient mobile payments for Indian consumers. ara eTap customers can ...
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Missing NFC in iPhone 5 surprised NAB

ePaymentNews 3 new results for NFC Mobile Payment
NTT DOCOMO INC : DOCOMO and KT Aim to Develop Mobile NFC-based ...
4-traders
Going forward, they will consider the deployment of other NFC-based cross-border services, such as mobile payments, promotional coupons and mass-transit ticketing. Toshiki Nakayama, Senior Vice President and Managing Director of DOCOMO's Frontier ...

See all stories on this topic »
Missing NFC in iPhone 5 surprised NABComputerworld Australia"We all thought that the Apple iPhone 5 would come out with NFC," Curran said. NFC is the technology used in many Android phones to support Google Wallet and other mobile payment applications. "What will that do to adoption of NFC in Australia for ...
Image representing Apple as depicted in CrunchBase
Image via CrunchBase


See all stories on this topic »
What CIOs Need To Understand About Apple's Passbook Service
Forbes
With billions of dollars at stake, the mobile payment market today is still muddled with multiple players but no clear, undisputed leader. There are two approaches in play. One uses embedded hardware in the form of a near-field communications chip (NFC ...

See all stories on this topic »

Forbes



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