Projected Growth in Purchase Transactions Worldwide 2012–2018
Total Page：16
File Type：pdf, Size：1020Kb
Load more
Recommended publications
-
In This Issue
Welcome to the January edition of ACT News. This complimentary service is provided by ACT Canada; "building an informed marketplace". Please feel free to forward this to your colleagues. In This Issue 1. Editorial - payment innovation: where is the bar? 2. Desjardins and MasterCard bring new payment options to Canadians 3. Nanopay acquires MintChip from the Royal Canadian Mint 4. Canadian payments market transition: a study by the Canadian Payments Association 5. Suretap and EnStream take big steps forward with Societe de Transport de Montreal in mobile ticketing 6. New credit union association launches in Canada: Canadian Credit Union Association 7. Global study shows increasing security risks to payment data and lack of confidence in securing mobile payment methods 8. Samsung Pay to move online in 2016 9. Elavon delivers Apple Pay for Canadian businesses 10. Beware alleged experts’ scare tactics on mobile payments 11. Ingenico Group accelerates EMV and NFC acceptance in unattended environments with new partner program 12. Paynet delivers a safer payment service with Fraudxpert to its customers 13. VeriFone expands services offering for large retailers in the US and Canada with agreement to acquire AJB Software 14. VISA checkout added to Starbucks, Walmart, Walgreens 15. Gemalto is world's first vendor to receive complete MasterCard approval for cloud based payments 16. ICC Solutions offers a time-saving method and free guide for training staff to process card payments correctly ready for the new year! 17. Walmart adds masterpass as online payment method 18. Equinox and ACCEO partner to deliver integrated retail payment solution 19. UL receives UnionPay qualification for Chinese domestic market 20. -
MOBILE Payments Market Guide 2013
MOBILE PAYMENTS MARKET GUIDE 2013 INSIGHTS IN THE WORLDWIDE MOBILE TRANSACTION SERVICES ECOSYSTEM OVER 350 COMPANIES WORLDWIDE INSIDE Extensive global distribution via worldwide industry events As the mobile payments ecosystem is becoming increasingly more crowded and competitive, the roles of established and new players in the mobile market is shifting, with new opportunities and challenges facing each category of service providers. Efma, the global organization that brings together more than 3,300 retail financial services companies from over 130 countries, welcomes the publication of the Mobile Payments Market Guide 2013 by The Paypers as a valuable source of information and guidance for all actors in the mobile transaction services space. Patrick Desmarès - CEO, Efma MOBILE PAYMENTS MARKET GUIDE 2013 INSIGHTS IN THE WORLDWIDE MOBILE TRANSACTION SERVICES ECOSYSTEM Authors Ionela Barbuta Sabina Dobrean Monica Gaza Mihaela Mihaila Adriana Screpnic RELEASE | VERSION 1.0 | APRIL 2013 | COPYRIGHT © THE Paypers BV | ALL RIGHTS reserved 2 MOBILE PAYMENTS MARKET GUIDE 2013 INTRODUCTION Introduction You are reading the Mobile Payments Market Guide 2013, a state- se and the way commerce is done. From a quick and accessible of-the-art overview of the global mobile transaction services channel for banking on the move to a sophisticated tool for shop- ecosystem and the most complete and up-to-date reference ping, price comparison and buying, the saga of the mobile device source for mobile payments, mobile commerce and mobile is an on-going story that unfolds in leaps and bounds within a banking-related information at global level. This guide is published progressively crowded (and potentially fragmented) ecosystem. -
Report on New Payment Solutions
DANISH PAYMENTS COUNCIL REPORT ON NEW PAYMENT SOLUTIONS March 2014 Report on New Payment Solutions Text may be copied from this publication provided that the Danish Payments Council is specifically stated as the source. Changes to or misrepresentation of the contents are not permitted. The Report on New Payment Solutions is available on Danmarks Nationalbank's website: www.nationalbanken.dk under Publications. This publication is based on information available up to November 2013. Inquiries about the Report should be directed to: Danmarks Nationalbank Communications Havnegade 5 DK-1093 Copenhagen K Telephone: +45 33 63 70 00 (direct) or + 45 33 63 63 63 Office hours: Monday-Friday 9.00 a.m.-4.00 p.m. E-mail: [email protected] www.nationalbanken.dk Explanation of symbols: - Magnitude nil 0 Less than one half of unit employed • Category not applicable … Data not available Details may not add because of rounding. Contents PREFACE ..................................................................................................................................... 1 1. INTRODUCTION AND CONCLUSIONS...................................................................................... 3 1.1 Background ........................................................................................................................................ 3 1.2 About the report ................................................................................................................................. 3 1.3 Conclusions ....................................................................................................................................... -
Breaking Tradition
ANNUAL REPORT 2012 BREAKING TRADITION As our business evolves, so must our brand—to ensure our corporate identity is an authentic expression of our character, offer and value. We renewed our brand to convey the dynamism of the Mint, our commitment to our stakeholders, and the spirit of engagement that drives our interactions with customers. As part of the exercise, we adopted a fresh, modernized logo. This new mark retains the maple leaf as a Canadian icon and coins as a symbol of our core business. It affirms our two core pillars of pride and trust and emphasizes in a new way our third: innovation. 2 | ROYAL CANADIAN MINT ANNUAL REPORT 2012 5 Financial and Operating Highlights 32 Performance Against Objectives 8 At a Glance: Breaking Tradition 34 Management Discussion and Analysis 18 Message from the President and CEO 55 Management Report 19 Message from the Chair 56 Audit Committee Report 20 Corporate Social Responsibility 57 Independent Auditor’s Report 22 Corporate Governance 58 Financial Statements 29 Directors and Officers 62 Notes to the Consolidated Financial Statements 30 Business Lines 100 Statistics HEAD OFFICE AND WINNIPEG PLANT BOUTIQUE LOCATIONS OTTAWA PLANT Royal Canadian Mint Royal Canadian Mint Ottawa Visit our online store 320 Sussex Drive 520 Lagimodière Boulevard 320 Sussex Drive for a full selection of products Ottawa, Ontario Winnipeg, Manitoba Ottawa, Ontario at www.mint.ca Canada K1A 0G8 Canada R2J 3E7 Canada K1A 0G8 613-993-3500 204-983-6400 613-933-8990 Vancouver 752 Granville Street Vancouver, British Columbia -
Innovalue #Payments
Innovalue #payments INSIGHT | OPINION Vol 7 • Q2 2014 Apple Pay: Taking a bite out of payments Christina Cordes, the start (usually merchants who already Associate accepted NFC). Furthermore, Apple announced significant bank partnerships Kalle Dunkel, with Bank of America, Capital One Bank, Associate Chase, Citi,Wells Fargo and others which together represent about 83% of the US credit Mirko Krauel, card purchase volume. Principal For now, Apple Pay is a solution for the US market only. In Europe, Apple will face more Following months and weeks of extensive speculation and leaked rumours, the new "Apple Pay is not revolutionary. It is evolutionary." iPhone 6 with its feature Apple Pay has finally been presented on 9th of September. button. That’s it. The innovation and lifestyle complex challenges. First of all, Europe is more To be frank, Apple Pay is not revolutionary. oriented Apple user base will push “their” solu- fragmented and has several markets with It is evolutionary as Apple uses the existing tion, especially in the US market where the only a low penetration rate of NFC enabled payment ecosystem and partners with estab- company has a market share of around 40%. POS terminals - at least for now. Furthermore, lished players. Also, none of the ingredients of However, a good mobile payment solu- Apple has a lower market share in a lot of Apple Pay are new but this seems to be the tion on the customer side is basically worthless European countries compared to the US. first recipe that people like and want. Obvi- if there are no POS acceptance points on the Finally, the banking landscape consists of ously, this is due to a multitude of reasons, merchant side. -
Mobile Payments
ICT Trends Digital Healthcare | Mobile Payment | Assistive Technologies | Internet of Things (IoT) 5th Generation Mobile Networks (5G) | Artificial Intelligence and Machine Learning Blockchain and Shared Ledgers | 3D Printing 5TH GENERATION MOBILE NETWORKS (5G) DIGITAL BLOCKCHAIN AND HEALTHCARE SHARED LEDGERS MOBILE 3D PAYMENT ICT Trends PRINTING INTERNET OF ASSISTIVE THINGS (IOT) TECHNOLOGIES ARTIFICIAL INTELLIGENCE AND MACHINE LEARNING ICT Trends Mobile Payments ICT Trends This work is available open access by complying with the Creative Commons license created for inter- governmental organizations, available at: http://creativecommons.org/licenses/by/3.0/igo/ Publishers must remove the United Nations emblem from their edition and create a new cover design. Translations must bear the following disclaimers: “The present work is an unofficial translation for which the publisher accepts full responsibility.” Publishers should email the file of their edition to [email protected] Photocopies and reproductions of excerpts are allowed with proper credits. Disclaimer : The views expressed herein are those of the authors, and do not necessary reflect the views of the United Nations. This publication has been issued without formal editing, and the designations employed and material presented do not imply the expression of any opinion whatsoever on the part of the Secretariat of the United Nations concerning the status of any country, territory, city or area, or of its authorities, or concerning the delimitation of its frontiers or boundaries. Mention -
The Payments Ecosystem: Security Challenges in the 21St Century
The Payments Ecosystem: Security Challenges in the 21st Century Phil Smith III Senior Architect & Product Manager, Mainframe & Enterprise Distinguished Technologist Micro Focus International Agenda A Short History of Payments The Payments Landscape Today Anatomy of a Card Swipe Card Fraud: How It Happens Protecting Yourself and Your Company Evolution (and Intelligent Design?) A Short History of Payments In the Beginning… Early Currencies Large Purchases Small Purchases Purchases on Yap (island of stone money) Evolution • “Lighter than goats!” • Chek invented: Persia, 550–330 BC • Achaemenid Empire (remember them?) • India, Rome, Knights Templar used cheques More Modern Uses • Cheques revived in 17th century England • Soon after: preprinted, numbered, etc. • Magnetic Ink Character Recognition added in 1960s MICR Modern Payments Systems Many Alternatives to Checks • Not the only game in town any more… • Online payment services (PayPal, WorldPay…) • Electronic bill payments (Internet banking et sim.) • Wire transfer (local or international) • Direct credit, initiated by payer: ACH in U.S. giro in Europe • Direct debit, initiated by payee • Debit cards • Credit cards We’ll focus on these • …and of course good ol’ cash! Charge Cards vs Credit Cards • Terms often interchanged, but quite different • Charge cards must be paid off that month • Credit cards offer “revolving credit” • Credit card actually “invented” back in 1888: “… a credit card issued him with which he procures at the public storehouses, found in every community, whatever he desires -
Electronic Money and Payments: Recent Developments and Issues
Discussion Paper/Document d’analyse 2014-2 Electronic Money and Payments: Recent Developments and Issues by Ben Fung, Miguel Molico and Gerald Stuber Bank of Canada Discussion Paper 2014-2 April 2014 Electronic Money and Payments: Recent Developments and Issues by Ben Fung,1 Miguel Molico2 and Gerald Stuber1 1Currency Department 2Financial Stability Department Bank of Canada Ottawa, Ontario, Canada K1A 0G9 [email protected] [email protected] [email protected] Bank of Canada discussion papers are completed research studies on a wide variety of technical subjects relevant to central bank policy. The views expressed in this paper are those of the authors. No responsibility for them should be attributed to the Bank of Canada. 2 ISSN 1914-0568 © 2014 Bank of Canada Abstract The authors review recent developments in retail payments in Canada and elsewhere, with a focus on e-money products, and assess their potential public policy implications. In particular, they study how these developments will affect the demand for bank notes, and the central bank’s balance sheet and its seigniorage revenue, which as a result might affect the central bank’s ability to implement and conduct monetary policy and to promote financial stability. Other public policy issues, such as safety and efficiency, and user protection as well as legal, security and law enforcement, are also considered. While the demise of cash is not imminent, it is important for the central bank to continue to evaluate its potential roles with regard to e-money. JEL classification: E41, E42 Bank classification: Bank notes; E-money; Financial services; Payment clearing and settlement systems Résumé Les auteurs analysent l’évolution récente des paiements de détail au Canada et à l’étranger, en se concentrant sur les produits de monnaie électronique, et évaluent leur incidence possible sur les politiques publiques. -
Migrant Remittances: Alternative Money Transfer Channels
Institute for International Political Economy Berlin Migrant Remittances: Alternative Money Transfer Channels Authors: Martina Metzger, Tim Riedler, Jennifer Pédussel Wu Working Paper, No. 127/2020 Editors: Sigrid Betzelt, Eckhard Hein (lead editor), Martina Metzger, Martina Sproll, Christina Teipen, Markus Wissen, Jennifer Pédussel Wu, Reingard Zimmer Migrant Remittances: Alternative Money Transfer Channels Martina Metzger ([email protected]), Professor of Monetary Economics, Berlin School of Economics and Law, Institute for International Political Economy Berlin (IPE) Tim Riedler ([email protected]), HTW University of Applied Sciences Berlin Jennifer Pédussel Wu ([email protected]), Professor of International Trade and Production, Berlin School of Economics and Law, Institute for International Political Economy Berlin (IPE) Abstract This paper first explores the role of digital financial services, e.g. mobile money systems and cryptocurrency-based systems, and their impact on the choice of migrants to send remittances. Secondly we discuss whether alternative remittances sending channels increase access to financial services for remittance-sending and remittance-receiving households. Africa, and in particularly Kenya, are pioneers in alternative money transfer systems and of tailor-made regulatory initiatives to address digital financial services. Thus, our paper focuses on the technologies of the Kenyan mobile money system, M-Pesa, and the major cryptocurrency, Bitcoin, and based on that takes into account selected experiences of other Sub-Saharan African countries. We find that in comparison to traditional remittances sending channels, mobile money transfer channels are often superior in terms of service-related features as costs of transfers for sending and receiving households, speed of delivery, availability and access to the remittances by receiving households or security of transactions. -
Global Payments Newsletter 7 May 2014 - 2
- 1 - Global Payments Newsletter 7 May 2014 - 2 - Global Payments Newsletter 7 May 2014 For our latest news and commentary on payments innovation, follow us on Twitter @HLPayments. You can also click here to subscribe to our "Global Media and Communications Watch" blog, for topical commentary on TMT related issues from Hogan Lovells lawyers across the world. 1. REGULATORY DEVELOPMENTS 1.1 Europe: The European Central Bank (ECB) has published a report on card payments in Europe which focuses on the Single Euro Payments Area (SEPA) for cards. The report aims to provide a comprehensive and up-to-date overview of the status of card payments in Europe, including the impact of new technologies. A press release accompanying the report states that the Eurosystem is now turning its attention to the harmonisation of card payments following the near completion of the migration of credit transfers and direct debits under the SEPA Migration Regulation (260/2012). See the press release here and the report here. 1.2 Europe: The draft Payment Accounts Directive has been approved by the European Parliament and the Council of the EU has stated that it will also approve it without amendment. The Directive aims to facilitate payment account switching, improve transparency of the fees of payment accounts and give those legally resident in the EU the right to open a basic payment account which cannot be denied on grounds of nationality or residence. Under the agreed text, member states will have two years to transpose the Directive into national law. 1.3 Europe: The European Parliament has voted on amendments to the Second Payment Services Directive (PSD2) and Multilateral Interchange Fees Regulation (MIFR). -
Fintech in Canada – British Columbia Edition, 2016
FinTech in Canada British Columbia Edition 2016 British Columbia Edition Table of Contents Participating Stakeholders ......................................................... ii Foreword ................................................................................... iii Canada’s FinTech Opportunity .................................................. iv Executive Summary .................................................................. vi Types of FinTech ....................................................................... 1 FinTech Law ............................................................................ 15 FinTech in Other Countries ...................................................... 18 Stakeholder Views ................................................................... 32 Canada as a FinTech Leader ................................................... 39 Roadmap to Leadership ........................................................... 47 Authors & Contributors ............................................................. 48 Sources.................................................................................... 49 FinTech in Canada – Towards Leading the Global Financial Technology Transition Page | i © 2016, Digital Finance Institute; McCarthy Tétrault LLP British Columbia Edition Participating Stakeholders Approximately 30% of the stakeholders who participated in the FinTech Report elected to do so without attribution. FinTech in Canada – Towards Leading the Global Financial Technology Transition Page | ii © 2016, -
Notes 12 Bibliography 13
Bringing E-money to the Poor E-money to Bringing Public Disclosure Authorized Public Disclosure Authorized DIRECTIONS IN DEVELOPMENT Finance Riley and Kulathunga Bringing E-money to the Poor Public Disclosure Authorized Successes and Failures Thyra A. Riley and Anoma Kulathunga Public Disclosure Authorized Bringing E-money to the Poor DIRECTIONS IN DEVELOPMENT Finance Bringing E-money to the Poor Successes and Failures Thyra A. Riley and Anoma Kulathunga © 2017 International Bank for Reconstruction and Development / The World Bank 1818 H Street NW, Washington, DC 20433 Telephone: 202-473-1000; Internet: www.worldbank.org Some rights reserved 1 2 3 4 20 19 18 17 This work is a product of the staff of The World Bank with external contributions. The findings, interpreta- tions, and conclusions expressed in this work do not necessarily reflect the views of The World Bank, its Board of Executive Directors, or the governments they represent. The World Bank does not guarantee the accuracy of the data included in this work. The boundaries, colors, denominations, and other information shown on any map in this work do not imply any judgment on the part of The World Bank concerning the legal status of any territory or the endorsement or acceptance of such boundaries. Nothing herein shall constitute or be considered to be a limitation upon or waiver of the privileges and immunities of The World Bank, all of which are specifically reserved. Rights and Permissions This work is available under the Creative Commons Attribution 3.0 IGO license (CC BY 3.0 IGO) http:// creativecommons.org/licenses/by/3.0/igo.