Identity, Security, Payments, Biometrics, Smart Cards and Authentication News

Report looks at future of payments

Thursday, June 12, 2008

Market research group Business Insights has made available a new report examining the future of the payment industry as it moves toward the long-awaited “cashless” society. The report considers the current global market for payments technologies and provides an analysis of how the sector could evolve.

Among the areas examined are the security issues surrounding contactless payments, and what makes this type of transaction appealing to both merchants and consumers, with a focus on the benefits of contactless payments’ speed. The report also outlines what Business Insights’ analysts believe is needed to further the success of contactless payments.

For more information go here[end] 

The European Payments Council (EPC) has published the second edition of its “White Paper on Mobile Payments.”

According to EPC, the white paper focuses on the usage of the mobile payments in the Single Euro Payments Area (SEPA) and explores how m-payment services can be delivered through cooperation between service providers in the payment industry and players within the mobile ecosystem.

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United Arab Emirates (UAE) travelers prefer making payments via mobile rather than using cash or credit card, according to a recent survey commissioned by travel technology and transaction processor Amadeus.

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MarketResearch.com has released a new report predicting that approximately 46% of all mobile phones will be NFC-enabled by 2016 – up from just 5% in 2011.

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The Auriemma Consulting Group (ACG) has announced the launch of its new Mobile Payments Report, a market research service that examines the mobile phone as a payments device, financial managing tool, marketing channel and as a method of engaging with consumers.

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The point-of-sale terminal has entered a period of dramatic change, according to the latest report release by the Mercator Advisory Group. And the next few years in the industry promise to be a period of even greater change and development than the last.

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MarketsandMarkets has published a new report predicting that the NFC market will reach over $10 billion by 2016 at a compound annual growth rate (CAGR) of 38% from 2011 to 2016.

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