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Payment Disruption

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Speakers:
-Eric Shea, Partner, Kurt Salmon
-Vibhav Prasad, SVP, Innovation, Global Acceptance and Merchant Products, MasterCard
-Moderator: Adam Blair, Executive Editor, Retail TouchPoints

Published in: Business
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Payment Disruption

  1. 1. #RIC16 Payment  Update:  Gaining  New  ROI   From  Chip  Cards Erica  Shea,  Partner,  Kurt  Salmon Vibhav Prasad,  SVP,  Innovation,  Global  Acceptance  &  Merchant   Products,  Mastercard Moderator:  Adam  Blair,  Executive  Editor,  Retail  TouchPoints
  2. 2. #RIC16 § 1.2  million  U.S.  merchant  locations  now  allow  the  use of  chip  cards § 67%  of  branded  MasterCards now  have  chips,  a  51%   increase  since  the  Oct.  1,  2015  liability  shift § 2  billion  smart  payment  cards  shipped  in  2015,  a  34%  increase over  2014 § In  the  U.S.,  570  million  smart  cards  shipped  in  2015,  a  two-­‐fold  increase over   2014 EMV  Shift:  The  Best  of  Times?
  3. 3. #RIC16 § As  EMV  has  tightened  up  POS  security,  online  fraud  has risen  by  11% § In  other  markets,  online  fraud  increased  by  80%  to  100% in  the  first  3  years following  EMV  adoption § Confusion,  miscommunication  and  slower  checkouts  at  physical  points  of   sale,  souring  merchants  and  consumers  on  EMV’s  benefits. EMV  Shift:  The  Worst  of  Times?
  4. 4. #RIC16 Payment  Update:  Gaining  New  ROI   From  Chip  Cards Vib Prasad,  SVP,  Innovation,  Global  Acceptance  &   Merchant  Products,  Mastercard
  5. 5. #RIC16 2 Key  Trends  around  Retail  Payments
  6. 6. #RIC16 § Internet  Usage1 § 3.2  Bn Internet  users  in  2015 § 7  fold  increase  from  2000  to   2015:  from  6.5%  to  43%  of   the  global  population § Proliferation  of  Devices2 § From  15  Bn connected   devices  today  to  50  Bn by   2020 Consumer  connectivity  is  on  the  rise 1. International  Telecommunications  Union,  May  2015 2. Cisco  &  DHL  -­‐ Internet  of  Things  in  Logistics,  2015 Source:  Cisco  Visual  Networking  Index:  Global  Mobile  Data  Traffic  Forecast  Update,  2015–2020   One  Exabyte  =  one  billion  gigabytes Global  Mobile  Data  Traffic 2015  to  2020
  7. 7. #RIC16 6.5 2014 12.5 11.4 1.1 16.0 2020 Traditional Digital 22.5 Global  (ex-­‐China)  Card-­‐based  consumer  spend  (PV),  ($  Trillions) Digital  payments  could  represent  20-­‐30%  of   consumer  payments  by  2020 2 In-­‐app Browser Contactless Source:  BCG
  8. 8. #RIC16

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