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
Mobile Payments Today | Technology, Trends & Insights | MobilePaymentsToday.com 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 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.
Paypal X aka Paypal As A Platform, Objectives for 2011: Mobile, Offline and B2B Last week, Paypal did its second developer conference called Paypal X Innovate 2010 aka Paypal As A Platform (you can find all the information on Twitter with the hashtag #XInnovate). The two days were all about crazy announcements in all payment areas: new microtransaction pricing for digital goods, fixed price for B2B payments (50 cents per transaction), Paypal Mobile Express Checkout, Facebook will continue to use Paypal as an option for Facebook credits purchasing and which will also pay its developers through Paypal and last but not least, a partnership with Verifone to reach the offline world. Even if Mobile transaction processed represents merely 1% of Paypal global transaction for 2010 ($700M expected in 2010 compare to $72B transaction processed globally in 2009), Paypal bets a lot on it in the near future and their new Mobile express checkout will be a real test for them.
C'est pas mon idée ! The year of APIs and the reshaping of the payment ecosystem: Part 1 | eCommerce Tactics Rating: 0.0/10 (0 votes cast) Hi all – Patrick Gauthier, head of market intelligence here. I recently joined the PayPal team, and am responsible for identifying industry trends and providing insight into clients’ needs. It has been over a year since PayPal shook the payment industry with the introduction of Adaptive Payments and the PayPal X platform, making it an opportune time to evaluate how open payment platforms may help further weave payments in the fabric of commerce. With PayPal X we launched the era of “embedded payments,” potentially profoundly changing the network effects that have governed payment systems. The significance of the event was not lost on the industry. Why does it matter? In today’s connected world, the distinction between commerce and payment is increasingly blurred. This example shows not only the blurring of the lines between commerce enablement and financial transactions, but also between face-to-face transactions and online ones. No related posts.