Alternative Payments and Airlines: ATPS2009 Day 1 — Payments Vie Alternative payments were the first topic of the day at ATPS 2009. Here’s a round up of my impressions after a full day of panel discussion and presentations. Once the presentations are up on the ATPS site I will provide links to each speaker’s deck. Merchants have increasingly moved to accept payments other than credit cards. Consumer adoption of debitDecreasing credit supplyInterchange fee pressureRegulatory actionsSecurity concerns He cited PayPal as evidence of the trend with over 15% share of the US ecommerce market and 9% of global ecommerce payment volumes (Forrester estimates). Merchants are considering the pros and cons of various payment methods. Alternative payment adoption is driven by expectations of increased revenues (attracting new customers) and lower cost (payment processing and fraud). Card Issuance For many years airlines have been involved in card issuance through co-brand programs related to loyalty programs. Surcharging
DataFox | Prospect Sales Leads with Account-Based Triggers Mobile Payments Today | Technology, Trends & Insights | MobilePaymentsToday.com Strong Authentication in a Changing Payments Landscape - Venture Beat Research Library As technology advances, consumers demand new methods of making payments. However, this demand for new technology creates an expectation for a high-quality user experience. Also, as technology shifts, payment fraud continues to evolve and criminals have nearly unlimited avenues of committing payment fraud both with physical cards (Card Present) and online (Card Not Present). To combat this threat, regulatory bodies are implementing new measures to strengthen payment processes and decrease financial losses for businesses and consumers. Strong user verification fortifies all types of consumer interactions including service registration, high value transactions, and mobile app sign-in. Phone number verification has emerged as the clear leader in payment verification technology.
Why cash is such a tough competitor; last cash markets « Non-Lin I’ve been spending a bunch of time recently thinking about last cash markets – markets that are still dominated by cash payment – and how electronic payment can penetrate these markets. Some of these markets (vending, taxis, paid parking) are huge (measured in billions). The lack of connectivity with the point of acceptance is a huge issue for some of these verticals; low cost “back-channel” the point of acceptance is an absolute requirement for electronic payment to crack some of these markets. I was grateful when my friends at PYMNTS.com put me on the hot seat with five questions about the topic. You can find their full Briefing Room on last cash markets here. 1. In order to understand why cash markets still exist, I really think you have to think about cash is an incumbent competitor to electronic payment. The value proposition differs by vertical market; each with different needs. 2. For some consumers, particularly the credit challenged and the unbanked, cash will remain king. 3.
Merchant Account & Credit Card Processing Guide PayPal lanza One Touch para ordenadores personales ¿Recuerdan la engorrosa situación de tener que introducir cientos de veces su usuario y contraseña de PayPal para comprar en distintas tiendas online? Pues PayPal quiere que eso sea un mal recuerdo del pasado con su nueva función One Touch, con la que esperan aumentar la sencillez en las compras por Internet, hacer más rápido el proceso y, por ende, incrementar la tasa de conversión que experimentan actualmente los e-commerce de todo el mundo. PayPal One Touch ya estaba disponible desde el pasado año para dispositivos móviles (gracias, en parte, a la adquisición de la compañía Braintree en 2013) aunque es ahora cuando alcanza también al ordenador personal, completando así el ecosistema de equipos en los que los usuarios suelen hacer sus compras en la Red. Este sistema permite, una vez introducido nuestro usuario y contraseña en PayPal, podamos efectuar compras y pagos con tan sólo pulsar el botón One Touch que aparecerá en las webs que lo tengan habilitado.
Banks and Credit Card Issuers beware – Apple just stole your business 200 individuals were the first to receive credit cards issued by Diners Club in 1950, the brainchild of Frank McNamara. It was the start of a completely new era in personal credit and payments. American Express entered the credit business with its own card in 1958, within five years had issued more than a million cards. Today there are more than 1.6 Billion credit cards in circulation, and the US credit cards industry generates $2.8 Billion dollars a year in revenue. One in 12 households in London (or 8 per cent) have used credit cards to pay their mortgage or rent in the last 12 months and outstanding credit card balances stood at £63.5 billion in November 2009. By 2013, China’s consumer credit market—encompassing credit cards, mortgages, and other personal loans—will account for 14 percent of profits in the banking sector. Growth in Contactless Technologies In recent times we’ve seen the move to NFC or Near-Field Contactless credit cards. It will happen quick… WRONG.
The Mobile Moment is Only Months Away - Preparing For the Biggest Number Ever - Yes That Day Is Near: When One Tech Passes Human Population In Size And a brief comment about why me? Why would some Tomi T Ahonen be telling you this on his Communities Dominate blog? Not because Forbes calls me the most influential expert in mobile, no. Because someone was going to be there, to see it from the start. Someone saw this massive Trillion-dollar industry at its birth. And that happened also, obviously in Finland. This is a picture of a young 37 year old Tomi T Ahonen, managing the unit for my employer, Elisa Group what was then the biggest revenue and profit engine in telecoms: International Calls. Since 1996 I have known, from data I have personally seen, from data that was not yet even released to the Finnish regulator and far less to the competitors, that mobile phone subscriptions would grow to pass fixed landlines (which happened in Finland exactly on that projection, by 1998) and also, that this was partly fuelled by the bizarre notion of multiple subscriptions. Unprecedented, yes. DVD players? Ah, SMS text messaging.