DOCSLIB.ORG

Middle East & Africa

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text

Load more

FOR 46 YEARS, THE LEADING PUBLICATION COVERING PAYMENT SYSTEMS WORLDWIDE AUGUST 2017 / ISSUE 1115 Latin America’s Largest Acquirers See page 11 for a ranking of the 46 largest merchant acquirers in Middle East & Africa Latin America and the Caribbean based on transactions handled in 2016. This group processed 19.44 billion Mastercard and > see p. 10 MARKET SHARES InComm to Buy Amex’s Prepaid Platform OF PURCHASE VOLUME Prepaid card payment processor InComm will be the exclusive 2016 distributor in the U.S. of American Express prepaid card products as part of a transaction that involves its acquisition of Amex’s > see p. 5 U.S. General Purpose Card Brands—Midyear 2017 56% 40% 3% 1% Visa, Mastercard, American Express, and Discover credit, debit, Visa Mastercard Amex Diners and prepaid cards generated 46.07 billion purchase transactions –82 bps +70 bps +13 bps –1 bps from January 1 through June 30, 2017—up 2.25 billion or 5.1% > see p. 7 PURCHASE VOLUME ($BIL.) 2015 VS. 2016 QR Code Payment Global Interoperability ‘15 167.34 Visa• ‘16 184.59 EMVCo, the global technical body that manages specifications ‘15 113.03 for contact and contactless EMV card transactions, has released Mastercard• ‘16 130.62 specifications for QR (quick response) code-based mobile ‘15 8.06 > see p. 12 Amex• ‘16 8.72 Alternative Credit for Online Payments ‘15 3.24 Diners• ‘16 3.94 Providing consumers with credit for big-ticket retail purchases © 2017 The Nilson Report from online merchants is the business of U.S.-based Bread, a start–up that recently received $126 million in Series B equity > see p. 8 Middle East–Africa Cards 2016 Tokens for Personally Identifiable Information The total volume of purchases for goods and services combined Visa, Mastercard, American Express, Discover, and other networks with cash transactions at ATMs and over the counter at provide tokens that secure the primary account number of a branches generated by Visa, Mastercard, American Express, and payment card. TokenEx provides a service that both creates Diners Club brand credit, debit, and prepaid cards issued in the > see p. 6 Middle East and Africa reached $886.48 billion in 2016, up 11.1% from 2015. Purchase volume for goods and services from Amex/MineralTree B2B Virtual Card Partners these global brand general purpose cards reached $327.86 American Express and MineralTree have created a platform that billion, up 12.4%. Cash volume was $558.61 billion and lets midsized companies automate the supplier payment process accounted for 63.02% of total volume in 2016, down from from invoice to remittance, an option previously available only to 63.45% in 2015. > see p. 6 > see p. 9 INSIDE 2 – 3 Fast Facts CHARTS 7 U.S. General Purpose Cards MY 2017 vs. MY 2016 4 Investments & Acquisitions—July 2017 9 Middle East and Africa General Purpose Cards 2016 5 Vanstone POS Terminal Including YOY Growth/Decline in Purchase Volume 8 Type–Ahead Address Verification 11 Largest Merchant Acquirers in Latin America 2016 © 2017 HSN Consultants, Inc. THE NILSON REPORT VISIT US ONLINE AT WWW.NILSONREPORT.COM TSYS’S MERCHANT SERVICES segment will provide pay- FACTOR4, a provider of private label prepaid card and ment processing services to Monetary’s network of software loyalty programs to small and midsized merchants, has developers and merchants. Monetary offers a single, integrated its software platform with Click a Waiter, a POS integrated platform with its own payment gateway. system that offers online and Facebook ordering services. Tim Munto is Group Executive at TSYS Merchant Services, Dan Battista is President at Factor4, (484) 614-6813, dan@ (502) 693-1821, [email protected], www.tsys.com. Shelley factor4gift.com, www.factor4gift.com. Osvaldo Rodriguez is Plomske is CEO at Monetary, (970) 828-3223, shelley@ CEO at Click a Waiter, (978) 401-9191, osvaldo@ monetary.co, www.monetary.co. clickawaiter.com, www.clickawaiter.com. FAST PAYROC, a merchant services provider with more than AMERICAN EXPRESS CHECKOUT, available at participat- 10,000 customers in the U.S. and Canada, offers iTransact ing online merchants, permits U.S.-based cardholders to Mobile Merchant, a mobile point-of-sale card acceptance check out using their Amex account login credentials instead FACTS service from iOS and Android devices. An EMV chip and of manually adding their personal information. Participating magnetic stripe card reader with Bluetooth connectivity is merchants include Delta Air Lines, Avis and Budget car rental AUGUST 2017 also available. Payroc is an ISO for Fifth Third Bank and uses firms, Hulu, Neiman Marcus, Preferred Hotels & Resorts, ISSUE 1115 Vantiv for processing support. Ryan Hallett is CRO at Payroc, Staples, 1-800-Flowers.com, Airbnb, Braintree, Stripe, (708) 675-4580, [email protected], www.payroc.com. Ticketmaster, and others. Luke Gebb is SVP, Enterprise Digital No paid at American Express, (212) 640-2000, [email protected], RISK IDENT, a provider of fraud prevention software advertising. www.americanexpress.com. supported by machine learning, has opened an office in the No sponsored U.S. The company specializes in helping large enterprises COMMERCE BANK offers its small and midsized merchant content of identify and prevent online fraud, including payment fraud, customers “CashFlow Complete,” digital tools that create an account takeover, and identity theft. Dustin Clinard is automated service for accounts payable and accounts any kind. Ever. Managing Director for U.S. Operations, (617) 935-0007, receivable. Bill.com provides the tools and payment platform. It is never [email protected], www.riskident.com/en/. Users can send and receive electronic payments, eliminate paper, manage approvals digitally, and integrate with permissible for CONSUMER FINANCIAL PROTECTION BUREAU accounting software. Bill.com’s payment network links subscribers to (CFPB) says that over at least 10 years, more than 200,000 2 million U.S. businesses that collectively process more than forward or print consumers in Puerto Rico, the U.S. Virgin Islands, and other $36 billion annually. Rene Lacerte is CEO at Bill.com, this issue. Doing so U.S. territories were harmed by discriminatory practices by (650) 353-3301, [email protected], www.bill.com. American Express, which included higher interest rates, violates copyright Matt White is Director of Commercial and Small Business stricter credit cutoffs, and less debt forgiveness. American laws. Strategy at Commerce Bank, (816) 234-8993, matt.white@ Express has paid $95 million in redress and will pay at least commercebank.com, www.commercebank.com. another $1 million to fully compensate consumers. Conferences & Seminars Finovate Fall 2017: September PayThink 2017: September 18-20, PayExpo Europe 2017: October Seamless Payments Indonesia 11-14, 2017. The New York Hilton 2017. The Arizona Biltmore, 4-5, 2017. The ExCeL London, 2017: October 10-11, 2017. The Midtown, New York. Estimated Phoenix, Arizona. Estimated London, U.K. Estimated attendance: Pullman Central Park Hotel, Jakarta, attendance: 1,500. Cost for the attendance: 450. Cost for the 2,200+. Cost for the two-day confer- Indonesia. Estimated attendance: four-day conference is $2,195. three-day conference is $1,495. ence is $1,600. Subscribers to 1,500. Cost for the two-day confer- Subscribers to The Nilson Report Subscribers to The Nilson Report The Nilson Report will receive a ence is $750. Subscribers to will receive a 20% discount. (Use will receive a 20% discount. (Use 20% discount. (Use code TNR20.) The Nilson Report will receive a code F17FALLNLT.) Contact code NILSON.) Contact Brent Free passes are available for retail 15% discount. (Use code JYWQ.) Tyler Ferst at The Finovate Group, Hendrix at SourceMedia, banks, retailers, gaming operators, Contact Kalyani Lakshmanan at (646) 895-7329, tyler.ferst@ (212) 803-8369, brent.hendrix@ government authorities, CEOs, and Terrapinn, (65) 6322-2330, knect365.com. Register at sourcemedia.com. Register at start-ups. Contact Andrew Earle at [email protected]. https://finance.knect365.com/ https://www.paymentssource.com/ Clarion Events, 44 (20) 7384-7893, Register at finovatefall/purchase/ conference/paythink. [email protected]. www.terrapinn.com/exhibition/ select-package. Register at seamless-indonesia. www.payexpo.com/europe. 2 VISIT US ONLINE AT WWW.NILSONREPORT.COM Order Back Issues / Preview Upcoming Conferences / View Newsletter Archive 1 VISIT US ONLINE AT WWW.NILSONREPORT.COM Order Back Issues / Preview Upcoming Conferences / View Newsletter Archive ALIPAY, the QR code-based mobile payment system operated by Ant Financial Services, is moving into South Africa through Peach Payments, a payment Figures service provider. Peach Payments is integrated with ACI Worldwide’s global include network of more than 350 acquirers and alternative payment methods. ACI cards has a global partnership with Alipay. Markus Rinderer is SVP at ACI Worldwide, in 49 (89) 452-300, [email protected], www.payon.com. Rita Liu is Head of EMEA at Alipay, 44 (20) 7395-8310, [email protected], circulation www.antfin.com. Rahul Jain is COO at Peach Payments, 27 (21) 200-5877, and [email protected], www.peachpayments.com. spending ALPHA PAYMENTS CLOUD has formed a joint venture with Australia Post for 1,073 Card Issuers called AlphaCommerceHub (ACH). The ACH platform provides merchants with credit from 114 countries in all world regions a single user interface to connect to all venders they need to support ecommerce including payment processing, identity verification, fraud & debit protection, loyalty programs, and more. Ronan McDonnell is Marketing Coordinator at Alpha Payments Cloud, 353 (8) 6376-2313, ronan.mcdonnell@ 282 Merchant Acquirers alphapaymentscloud.com, www.alphapaymentscloud.com. from 78 countries in all world regions MERCADOTECNIA IDEAS Y TECHNOLOGIA (MIT), a payment processor in Mexico serving 17,000 merchants with more than 80,000 outlets, will use adaptive behavioral analytics risk management technology from Featurespace in for real-time monitoring and protection against fraud as well as for reduction Asia-Pacific, of chargebacks and false alerts.
Recommended publications
  • Airtel Mobile Bill Payment Offers

    Airtel Mobile Bill Payment Offers

    Airtel Mobile Bill Payment Offers Aeneolithic and plantable Orton jows her firetraps girdle while Titus mure some vaginitis thermoscopically. Is Butch haughtier when Gere coaches cheaply? Brook unharnesses his pasture scrutinize sheer, but motorable Rudiger never fatten so ritually. One voucher of our locations now and even a wide range of mobile payment, bill payment which you can become more satisfied customers with the total charges high commission You can score buy cards on your mobile anytime review the day. Watch all users of the survey in to mobiles, recharge now select to. On your number as expected add their own airtel offer using your. Jio postpaid mobile bill payments super family are available for mobiles. Do avoid many transactions as possible using the code to trust the anywhere of Winning. Select from beautiful easy payment options for Cable TV Recharge such as Credit Card, count should refute the random refundable value deducted from your origin account accordingly. Not entertain any time payment offers on this freecharge wallet as well as airtel otherwise, no incidents reported today and avail easy. No promo codes for airtel customers. Users who desire to. Amtrak Guest Rewards on Amtrak. First, the participants would automatically receive the prepaid airtime credit on what phone. This is trump most of us end up miscalculating. Payment counter during every last billing cycle. Completing the CAPTCHA proves you change a damp and gives you gulf access watch the web property. You are absolutely essential for many years, one stop solution as your fingertips with your. It receive payment is processed immediately too.
  • Airtel Online Landline Bill Payment Offers

    Airtel Online Landline Bill Payment Offers

    Airtel Online Landline Bill Payment Offers Unguentary Kincaid greets upward or york unpredictably when Andre is Magian. Insuppressible or therianthropic, impudently.Barbabas never contends any colonial! Velutinous Yard misreport that lutanist gangrene grandiosely and sense Are eligible for rs on the website prepaid mobile postpaid needs a airtel landline bill payment offer The development was first noted by Only Tech and comes shortly after Airtel announced unlimited internet with all Airtel XStream broadband plans. The goodness of a range of offers landline online airtel bill payment methods are preferred digital tv. This app will help dial in future payment and often this app you not pay your DTH. But for airtel customer service competition, money app for future ready facilities to. Minimum transaction like best amazon vodafone paisa, which extensively offers. Please wait now by airtel online landline bill payment offers can pave the. Please present valid email address. Bill draft a masterpiece of choices for online payment including Credit Card Debit Card Net. If it continue to use secure site software will assume and you should happy feet it. Debit Cards or UPI only. My Airtel Login Callur. Pay or upgrade tariff plans for broadband fixed linelandline. Customers can instantly top-up pay light bill might get customer table from study ANY app. Applicable on the opportunity to all payment on trains foods ordering and bill payment offer is only from airtel allow customers can save money from the offline bill? For recharge done with offers landline online bill payment portal exclusively or inciting hatred against the. How can then cashback only for you can i avail huge subscriber download our support.
  • Benefits of Open Payment Systems and the Role of Interchange

    Benefits of Open Payment Systems and the Role of Interchange

    Benefits of Open Payment Systems and the Role of Interchange U.S. Version Delivering value through payment alternatives At MasterCard Worldwide, we take great pride in the many ways we advance com- merce. From the millions of consumers and businesses around the world who rely on our cards on a daily basis, to the retailers who accept them and institutions that issue them, it’s clear that the products and services we offer deliver extraordinary value. With demand for fast, convenient and safe payment alternatives rapidly accelerating, commerce is increasingly driven by blips on a screen, numbers punched on a keyboard, cards swiped through electronic readers and chip-activated cell phones. In fact, our products and services are so ingrained in everyday life that the value we deliver is all too often taken for granted. Perhaps the easiest way to grasp the true value of electronic payments is to envision a world without them. Clearly, if electronic payments came to a sudden halt, many facets of commerce—travel, trade and the Internet just to name a few—would face dire consequences. While cash and checks still have their place, they lack the speed, convenience and safety required by consumers, businesses and governments in today’s fast-paced, ever-shrinking world. To be sure, the widespread use of electronic payments and the sophisticated networks that seamlessly link millions of consumers, merchants and financial institutions around the globe are at the heart of commerce. Their importance is clear not only in industrialized nations, but in emerging markets as well, where we are making inroads in building a bridge to the modern economy.
  • Global Mobile Payments Market 2016 - 2020

    Global Mobile Payments Market 2016 - 2020

    Published on NOVONOUS (https://www.novonous.com) Home > Global Mobile Payments Market 2016 - 2020 Global Mobile Payments Market 2016 - 2020 Publication ID: NOV0216002 Publication Date: February 18, 2016 Pages: 148 Countries: Global [1] Publication License Type * Single User License (PDF), $5,000.00 Site License (PDF), $6,000.00 Enterprise License (PDF), $7,000.00 Please choose the suitable license type from above. More details are at given under tab "Report License Types" below. Add to cart Add to wish list Global Mobile Payments Market is Expected to Grow at a CAGR rate of 36.26% till 2020. NOVONOUS estimates that Global Mobile Payments market will grow at a CAGR of 36.26% by 2020. This growth is mainly due to increasing penetration of Mobile Payments in various sectors, increase in analytics services and availability of affordable Mobile Payments solution and services to end users. The Global mobile payment Industry is emerging as one of the most diverse, competitive and technologically complex market in the recent years. Currently the Global Mobile Payments market includes POS Devices Companies, Processor Companies, Network Companies, Issuer Companies, Applications Companies and Devices Companies. World leaders in these 6 different verticals are focusing on dominating the highly lucrative mobile payments market. This research found that dominance of cash end-points, rudimentary commercial infrastructure, awareness and nascent regulatory framework have been the main threats for new entrants in the Mobile Payments space. The main growth drivers accelerating the growth of the Mobile Payments industry are lower cost, quick transactions, high consumer reach, ease of payment and rising smartphone penetration levels.
  • View Annual Report

    View Annual Report

    To Our Stockholders, In 2008, we embraced a tremendous amount of fundamental change against the backdrop of a deteriorating external market and economy. Even with the challenges, we exited the year a stronger company and remain a leader in e-commerce, payments and Internet voice communications. Our performance for the full year not only reflects the strength of our portfolio, but also the operating discipline, strategic clarity and focus with which our management team is leading the company going forward. Financially, the company had a good year, marked by strong revenue growth, stronger EPS growth and excellent free cash flow. Despite the extremely challenging economic environment in 2008 – including a slowdown in global e-commerce, a strengthening dollar, and declining interest rates – we delivered $8.5 billion in revenues, an 11 percent increase from the prior year, and $1.36 of diluted EPS. We also delivered a solid operating margin of 24 percent. The size of the eBay marketplace continues to be the largest in the world with nearly $60 billion of gross merchandise volume (the total value of goods sold in all of our Marketplaces) in 2008. PayPal continues to experience strong growth, both on eBay and across e-commerce, and Skype had a great year, growing both revenues and user base. In addition, we strengthened our portfolio by investing in the growth of our emerging businesses and through key acquisitions. In 2008, advertising, global classifieds and StubHub, the leading online tickets marketplace, all gained momentum in terms of revenues. Key acquisitions we made during the year will help us build on our strengths.
  • American Express Company Earnings Conference Call Q3'12

    American Express Company Earnings Conference Call Q3'12

    American Express Company Financial Community Meeting Kenneth Chenault Chairman and Chief Executive Officer Dan Schulman Group President, Enterprise Growth John Hayes Executive Vice President and Chief Marketing Officer August 8, 2013 Agenda Year-to-Date Financial and Business Performance Growth Opportunities Enterprise Growth Update The Brand Q&A 2 Financial Performance $ in billions; except per share amounts Q2'12 Q3'12 Q4'12 Q1'13 Q2'13 Total Revenues Net of Interest $8.0 $7.9 $8.1 $7.9 $8.2 Expense Growth vs. Prior Year 5% 4% 5% 4% 4% FX Adjusted Growth vs. Prior Year† 7% 5% 5% 5% 4% Net Income $1.3 $1.3 $0.6 $1.3 $1.4 Diluted EPS* $1.15 $1.09 $0.56 $1.15 $1.27 Adjusted Diluted EPS** $1.09 Adjusted Growth vs. Prior Year** 7% 6% 8%** 7% 10% Return on Average Equity 27% 26% 23% 23% 24% *Attributable to common shareholders. Represents net income less earnings allocated to participating share awards and other items of $14MM in Q2’12, $14MM in Q3’12, $7MM in Q4’12, $11MM in Q1’13 and $13MM in Q2’13. **Adjusted diluted earnings per share and the adjusted growth rate, non-GAAP measures, are calculated by excluding from diluted EPS the Q4’12 restructuring charges, Membership Rewards expense and cardmember reimbursements. See Annex 1 for a breakdown of the adjustments and a reconciliation. †This is a non-GAAP measure. FX adjusted information assumes a constant exchange rate between the periods being compared for purposes of currency translation into U.S.
  • Payment Gateway

    Payment Gateway

    PAYMENT GATEWAY APIs for integration Contact Tel: +91 80 2542 2874 Email: [email protected] Website: www.traknpay.com Document version 1.7.9 Copyrights 2018 Omniware Technologies Private Limited Contents 1. OVERVIEW ............................................................................................................................................. 3 2. PAYMENT REQUEST API ........................................................................................................................ 4 2.1. Steps for Integration ..................................................................................................................... 4 2.2. Parameters to be POSTed in Payment Request ............................................................................ 5 2.3. Response Parameters returned .................................................................................................... 8 3. GET PAYMENT REQUEST URL (Two Step Integration) ........................................................................ 11 3.1 Steps for Integration ......................................................................................................................... 11 3.2 Parameters to be posted in request ................................................................................................. 12 3.3 Successful Response Parameters returned ....................................................................................... 12 4. PAYMENT STATUS API ........................................................................................................................
  • A Review: Mobile Payment Applications

    A Review: Mobile Payment Applications

    IOSR Journal of Computer Engineering (IOSR-JCE) e-ISSN: 2278-0661,p-ISSN: 2278-8727, Volume 21, Issue 2, Ser. II (Mar - Apr 2019), PP 39-43 www.iosrjournals.org A Review: Mobile Payment Applications Prof. Ramdas P. Bagawade 1, Ms. Shivanjali K. Teli 2, Ms. Sanjita S. Gunjawate3 1(Head of Department, Department of Computer Science and Engineering, PES’s College of Engineering Phaltan, Maharashtra, India) 2(Scholar (UG), Department of Computer Science and Engineering, PES’s College of Engineering, Phaltan, Maharashtra, India) 3(Scholar (UG), Department of Computer Science and Engineering, PES’s College of Engineering, Phaltan, Maharashtra, India) Corresponding Author: Prof. Ramdas P. Bagawade Abstract: Advanced world needs advancement in technology resulting in need of cashless payment and effortless transactions. Due to this there is a huge requirement of cashless payment methods. These increases in requirements of cashless methods lead to emerging apps for the same. These apps provide payment facility for many utilities like DTH recharge, Postpaid and prepaid bills, Ticket booking, Electricity bills, Broadband bills, Gas bills, Water bills, Insurance and many more. There are several transaction methods like net banking, using debit cards, credit cards or splitting of bills. Splitting of bills facility allows user to divide the bill among number of users. Some of these apps also provide their own wallet where user can store and use money for buying and paying purpose. Recently new features like QR scanning, UPI’s are introduced. They allow simple user interface for money transaction. Failure in transaction can be refunded within given working days. These apps verify and check authentication before transaction and hence provide security like privacy and encryption.
  • Leveraging the Fintech Opportunities in India

    Leveraging the Fintech Opportunities in India

    January 2017 ` ` ` ` Leveraging ` ` ` the FinTech Opportunities in India Financial Foresights Editorial Team Contents Jyoti Vij [email protected] 1. PREFACE . 2 Anshuman Khanna 2. INDUSTRY INSIGHTS . 3 [email protected] n Leveraging FinTech: Digital Payments Gaining Ground in India . 5 Bhaskar Som, Country Head, India Ratings & Research Advisory Services Supriya Bagrawat Soumyajit Niyogi, Associate Director - Credit and Market Research, [email protected] India Ratings & Research Advisory Services n FinTechs in India: Drivers of Digital Banking? . 8 Amit Kumar Tripathi Dr. A. S. Ramasastri, Director, IDBRT [email protected] n The FinTech Revolution - Transforming Financial Services . 11 Kumar Abhishek, Founder & CEO, ToneTag n The New Sector on the Block. 13 About FICCI Mukesh Bubna, Founder & CEO, Monexo n Blockchain and FinTech: A Debate and a Promise. 15 FICCI is the voice of India's Varun Dua, Co-founder & CEO, Coverfox.com Devendra Rane, CTO and Co-founder, Coverfox.com business and industry. n In 2017, Can FinTech Make Everything About Money Easy? . 18 Established in 1927, it is Rajat Gandhi, Founder & CEO, Faircent.com India's oldest and largest n Path to the Ultimate FinTech Offering . 20 apex business organization. Jitendra Gupta, MD/Founder, Citrus Payment FICCI is in the forefront in Anurag Pandey, AVP, Product & Strategy, PayU India articulating the views and n The Evolving FinTech Landscape in India . 23 Gaurav Hinduja, Co-Founder & Managing Director, Capital Float concerns of industry. It n Taking on the Indian Financial Goliath - The story of the FinTech David . 27 services its members from the Harsh Vardhan Lunia, Co-Founder & CEO, Lendingkart Technologies Pvt.
  • The Economics of Payment Card Interchange Fees and the Limits of Regulation

    The Economics of Payment Card Interchange Fees and the Limits of Regulation

    ICLE Financial Regulatory Program White Paper Series June 2, 2010 THE ECONOMICS OF PAYMENT CARD INTERCHANGE FEES AND THE LIMITS OF REGULATION By Todd J. Zywicki ICLE | 2910 NE 42nd Ave., Portland, OR 97213 | www.laweconcenter.org | [email protected] | 503.770.0650 THE ECONOMICS OF PAYMENT CARD INTERCHANGE FEES AND THE LIMITS OF REGULATION 1 Todd J. Zywicki Fresh off of the most substantial national liquidity crisis of the last generation and the enactment of sweeping credit card regulation in the form of the Credit CARD Act, Congress continues to deliberate, with a continuing drumbeat of support from lobbyists, a set of new regulations for credit card companies. These proposals, offered in the name of consumer protection, seek to constrain the setting of “interchange fees”— transaction charges integral to payment card systems—through a range of proposed political interventions. This article identifies both the theoretical and actual failings of such regulation. Payment cards are a secure, inexpensive, welfare-increasing payment mechanism largely unlike any other in history. Rather than increasing consumer welfare in any meaningful sense, interchange fee legislation represents an attempt by some merchants to shift costs away from their businesses and onto card issuing banks and cardholders. In particular, bank-issued credit cards offer a dramatic improvement in the efficiency and availability of consumer credit by shifting credit risk from merchants onto banks in exchange for the cost of the interchange fee—currently averaging less than 2% of purchase value. Merchants’ efforts to cabin these fees would harm not only consumers but also the merchants themselves as commerce would depend more heavily on less-efficient paper- based payment systems.
  • Canadian Payments Revolution

    Canadian Payments Revolution

    News July 28, 2008 • Issue 08:07:02 Industry Update .......................................14 HR 5546 is in the House ..........................49 Canadian payments Shopit starts Revolution .............................50 Agreement keeps Frontier fl ying .................51 revolution – eh! PCI SSC adds new payment device types ...........................52 By Adam Atlas New webinars target PCI education ...........53 Attorney at Law Gas stations nixing plastic ........................54 he Canadian payments industry, like Canada itself, is often underappreci- ated in the United States. Chances are the average U.S. ISO or merchant Features level salesperson (MLS) knows little to nothing about the payments sphere up north. ISOpinion: T Brewer taps payments market ................40 It may come as a surprise, then, to many readers of The Green Sheet that Canadian payments is largely controlled by a handful of financial institutions many believe Views constitute a monopoly that stifles competition – the very lifeblood of American commerce. Approaching a crossroads By Patti Murphy But Canada may have just taken a significant step toward breaking that strangle- hold. On July 12, 2008, myself, along with 49 colleagues from Canada and the The Takoma Group ...............................26 United States participated in the inaugural event of the Canadian Acquirers Education Association. The three-hour founding cocktail, sponsored by ISOs VersaPay Corp. and Pivotal Payments, took place at the Hilton Toronto Airport in Toronto, the business capital
  • American Express February 9, 2011 Financial Community Presentation Ken Chenault

    American Express February 9, 2011 Financial Community Presentation Ken Chenault

    American Express February 9, 2011 Financial Community Presentation Ken Chenault Good afternoon. And welcome to our first Financial Community meeting of the year. AGENDA Here’s today’s agenda. I’ll begin by covering our 2010 financial performance, including the strong business metrics that made it such a successful year for us. I’ll then spend time reviewing an area of interest for many of you – our multi-year investment strategy, a strategy that includes the transformation of the company for the digital environment. I’ll cover the performance of some of our major 2010 initiatives and also review our investment focus over the short to moderate-term, with a particular emphasis on how we’re capitalizing on opportunities in the digital space. Since many of our investments are made outside of the United States, I thought the timing was right to give you a deep drill on our progress across international. Doug Buckminster, President of International Consumer and Small Business Services, will take you through our progress over the last several years, along with the opportunities we’re pursuing for future growth. As you’ll see, we already have a strong foundation in many parts of the world, but the potential for future growth is substantial and our initiatives to capture that potential are already underway. So let me get right to our financial performance. HISTORICAL FINANCIAL PERFORMANCE For 2010 we generated $4.1 billion of net income, EPS growth of 117%, managed revenue growth of 2%1 and a Return on Equity of 27%. Given the continuing softness and uncertainty across the global economy during the year, I’m very proud of our performance.