The document discusses the opportunities and issues around EMV 2.0 and multichannel payments. It notes that today's payment ecosystem is based on a multichannel approach with traditional and new payment means. It also discusses the rise of e-commerce and mobile payments and the associated fragmentation and need for standardization. The document outlines that while EMV has reduced in-person payment fraud in Europe, online card-not-present fraud continues to increase, with e-commerce being a target for fraudsters due to weak user authentication. It recommends stronger user authentication as a way to help tackle this online fraud.
SPA Presentation at Cartes America
Contactless Card Shipments Break all Records as
Consumers Adopt New Ways to Pay
• Contactless technology was present on 23 percent of all payment cards shipped worldwide in 2012
• Contactless growth in Western Europe and Asia exceeded 100 percent
• More than 220 million contactless cards were delivered by Smart Payment Association (SPA) members in 2012
• SPA believes the harmonization of ISO, SEPA and EMVCo standards will ensure the global interoperability of new NFC contactless services for consumers.
23rd April 2013
Discover why accepting contactless payments can boost your small business, increase your customers, their average spend and isn't as expensive as you might think. This free guide has all you need to know about the fast emerging technology of contactless card payment.
Transformation of the Electronic Payments Industry - Strategies for Growthfrancisfoo
This presentation provides a glimpse into the evolution of the digital payment industry and a discussion of both short-term and long-term strategies that players in this space could potentially adopt to stay ahead of the competition.
I've diverse interests across wide-ranging topics and industries and I thoroughly enjoy analyzing information and devising strategies to help companies better position themselves for the challenges ahead.
If you require more information and data, feel free to reach out to me at francisfoo@wustl.edu or connect with me on LinkedIn www.linkedin.com/in/francisfoo/.
Thank you for your interest! Hope you find the information useful.
Contactless Card Shipments Jump enabling Shoppers Take Advantage of Everyday ...Smart Payment Association
Contactless Card Shipments Jump enabling Shoppers Take Advantage of Everyday Payment Convenience
Smart Payment Association releases its annual review of the smart payment card market.
• 450 million contactless cards delivered by Smart Payment Association (SPA) members in 2013 – twice the quantity that was shipped in 2012
• 37% of all payment cards shipped to issuers worldwide in 2013 featured contactless technology
• Contactless growth in all regions: Asia Pacific + 193%, Europe +64%, Americas +45%
• Now present in over 30 countries, contactless payment infrastructure paving the way for contactless mobile payments and bringing NFC to the mass market
• Contactless brings convenience and speed, and multi-application possibility: payment, transit, access control etc.
Munich, 13th May 2014 - Contactless payment card shipments accelerated globally in 2013, according to figures released today by the Smart Payment Association (SPA). at an opening-day session at the CARTES America conference and exhibition in Las Vegas. In its annual review of the smart payment card market, the SPA reports that contactless technologies were present on over one-third (37 percent) of all smart payment cards shipped in 2013.
Full release at www.smartpaymentassociation.com
How we will be paying in 2020 - SPA Technical Director, Lorenzo Gaston at EPC...Smart Payment Association
Retail Payments Vision 2015 – And SPA perspective
The retail payment ecosystem is changing. Over recent years we’ve seen the democratizing effect of technology create an ever-broader payments landscape.
Contactless, NFC payment, m-wallets, cross border and person-to-person transactions, and the emergence of virtual currencies are all contributing to growth.
It’s a market too that is being shaped by the demands of a new generation of retail customers: one in which simplicity, speed and convenience are king.
At the same time, we’ve seen the traditional banking and settlement value chain come under pressure from big brand entrants – from mobile operators, Google, Apple and others. These new entrants are changing the dynamics of the industry as new commercial partnerships and models develop to offer an ever-widening range of convenient payment options to consumers and businesses.
This rate of change raises some interesting questions: how to secure ‘card/person not present’ transactions; how to protect customer data; and how to guard against a new breed of cyber criminal looking to capitalize on vulnerabilities. Moreover, the appearance of non-traditional players - who may lack the structural understanding, or the technical or financial means to create a fully secure end-to-end environment – could pose serious challenges for banks, regulators, standards bodies and merchants alike.
So what will the future bring? While attempting predications in this heterogeneous retail payments landscape can be an uncertain and somewhat random exercise, the SPA considers the following “12 key trends to watch” to be significant in the coming years.
Visa master card contactless payment in china_v1Kelvin Tai
This presentation is to give the overview of VISA/MasterCard contactless payment technology in China and suggest the way how VISA/MasterCard to improve the contactless payment POS in China as strategy move against the barriers posed by Unionpay
SPA Presentation at Cartes America
Contactless Card Shipments Break all Records as
Consumers Adopt New Ways to Pay
• Contactless technology was present on 23 percent of all payment cards shipped worldwide in 2012
• Contactless growth in Western Europe and Asia exceeded 100 percent
• More than 220 million contactless cards were delivered by Smart Payment Association (SPA) members in 2012
• SPA believes the harmonization of ISO, SEPA and EMVCo standards will ensure the global interoperability of new NFC contactless services for consumers.
23rd April 2013
Discover why accepting contactless payments can boost your small business, increase your customers, their average spend and isn't as expensive as you might think. This free guide has all you need to know about the fast emerging technology of contactless card payment.
Transformation of the Electronic Payments Industry - Strategies for Growthfrancisfoo
This presentation provides a glimpse into the evolution of the digital payment industry and a discussion of both short-term and long-term strategies that players in this space could potentially adopt to stay ahead of the competition.
I've diverse interests across wide-ranging topics and industries and I thoroughly enjoy analyzing information and devising strategies to help companies better position themselves for the challenges ahead.
If you require more information and data, feel free to reach out to me at francisfoo@wustl.edu or connect with me on LinkedIn www.linkedin.com/in/francisfoo/.
Thank you for your interest! Hope you find the information useful.
Contactless Card Shipments Jump enabling Shoppers Take Advantage of Everyday ...Smart Payment Association
Contactless Card Shipments Jump enabling Shoppers Take Advantage of Everyday Payment Convenience
Smart Payment Association releases its annual review of the smart payment card market.
• 450 million contactless cards delivered by Smart Payment Association (SPA) members in 2013 – twice the quantity that was shipped in 2012
• 37% of all payment cards shipped to issuers worldwide in 2013 featured contactless technology
• Contactless growth in all regions: Asia Pacific + 193%, Europe +64%, Americas +45%
• Now present in over 30 countries, contactless payment infrastructure paving the way for contactless mobile payments and bringing NFC to the mass market
• Contactless brings convenience and speed, and multi-application possibility: payment, transit, access control etc.
Munich, 13th May 2014 - Contactless payment card shipments accelerated globally in 2013, according to figures released today by the Smart Payment Association (SPA). at an opening-day session at the CARTES America conference and exhibition in Las Vegas. In its annual review of the smart payment card market, the SPA reports that contactless technologies were present on over one-third (37 percent) of all smart payment cards shipped in 2013.
Full release at www.smartpaymentassociation.com
How we will be paying in 2020 - SPA Technical Director, Lorenzo Gaston at EPC...Smart Payment Association
Retail Payments Vision 2015 – And SPA perspective
The retail payment ecosystem is changing. Over recent years we’ve seen the democratizing effect of technology create an ever-broader payments landscape.
Contactless, NFC payment, m-wallets, cross border and person-to-person transactions, and the emergence of virtual currencies are all contributing to growth.
It’s a market too that is being shaped by the demands of a new generation of retail customers: one in which simplicity, speed and convenience are king.
At the same time, we’ve seen the traditional banking and settlement value chain come under pressure from big brand entrants – from mobile operators, Google, Apple and others. These new entrants are changing the dynamics of the industry as new commercial partnerships and models develop to offer an ever-widening range of convenient payment options to consumers and businesses.
This rate of change raises some interesting questions: how to secure ‘card/person not present’ transactions; how to protect customer data; and how to guard against a new breed of cyber criminal looking to capitalize on vulnerabilities. Moreover, the appearance of non-traditional players - who may lack the structural understanding, or the technical or financial means to create a fully secure end-to-end environment – could pose serious challenges for banks, regulators, standards bodies and merchants alike.
So what will the future bring? While attempting predications in this heterogeneous retail payments landscape can be an uncertain and somewhat random exercise, the SPA considers the following “12 key trends to watch” to be significant in the coming years.
Visa master card contactless payment in china_v1Kelvin Tai
This presentation is to give the overview of VISA/MasterCard contactless payment technology in China and suggest the way how VISA/MasterCard to improve the contactless payment POS in China as strategy move against the barriers posed by Unionpay
This presentation explores what future of commerce may look like given the current trends in mobile devices, digital payments, social commerce and security including tokenization and new forms of identity verification
Mobile paymentmethodbased on public keyIJCNCJournal
Mobile payment is defined as mobile money, which is considered as an attractive alternative for cash,
cheque, or credit. In this paper we propose a new secure mobile paymentmethod. This method is
summarized in three processes: firstly, the authentication process, which involves the authentication phases
for the applied customers. Secondly, the member recognition process which tests and ensures the customer
membership by the market server. Finally, payment processwhich will be done by ciphering the customer
information using public-key encryption cryptosystem (RSA), to be submitted over an insecure network to
the market server. Actually, this mobile payment methodis more efficient than otherpayment methods since
the customer can pay from his/her own mobilephone without any extra cost and effort. The RSA public-key
encryption system ensures the security of the proposed method. However, to prevent a brute force attack,
the choice of the key size becomes crucial.
Most promising current and future payment technologies | SG AnalyticsSG Analytics
The decades-long debate over the evolution of payment technology continues in the age of mobile wallets, EMV, blockchain, etc.
The evolutionary disruptive technologies in the payment landscape are poised to redefine businesses with increased automation and connectivity.
In this presentation, SG Analytics highlights the evolution of the 9 most important payment technologies that will transform the world’s financial ecosystem!
Online Payment Landscape in Turkey, MPE2015, Berlin Cihan Demir
Turkey has a diversified payment ecosystem with many moving parts such as bank loyalty cards, installment options, reward points, bank campaigns, and alternative payment methods.
Some of these are unique to Turkey such as installment options. For merchants this complex payment ecosystem can create challenges especially in the checkout flow.
To navigate through this complex payment world its important that we track and analyse consumer behavior every step of the way.
Payments Market in India, Mobile Wallet, Mobile Payments , Evolving Payments Ecosystem, Payments Industry , Payments Bank , Payment Gateways , Mobile Market, Payment Methods
The Future of Mobile Payments – Role of mobile wallets in consumer purchase j...Data N Charts
This report will look into why US consumers aren’t warming up to mobile payment services and how mobile wallets can integrate shopping and peer-to-peer transfers to make payments relevant with smartphone owners for wider adoption.
Credit Card Processing Industry Response to the Increasingly Tech Savvy CustomerGranbury Solutions
Credit card processing is a critical component of your business, but maintaining a secure processing environment is more challenging than ever. Sid will discuss ways you can protect your business and your customers’ data in an every changing world of technology innovation.
This presentation explores what future of commerce may look like given the current trends in mobile devices, digital payments, social commerce and security including tokenization and new forms of identity verification
Mobile paymentmethodbased on public keyIJCNCJournal
Mobile payment is defined as mobile money, which is considered as an attractive alternative for cash,
cheque, or credit. In this paper we propose a new secure mobile paymentmethod. This method is
summarized in three processes: firstly, the authentication process, which involves the authentication phases
for the applied customers. Secondly, the member recognition process which tests and ensures the customer
membership by the market server. Finally, payment processwhich will be done by ciphering the customer
information using public-key encryption cryptosystem (RSA), to be submitted over an insecure network to
the market server. Actually, this mobile payment methodis more efficient than otherpayment methods since
the customer can pay from his/her own mobilephone without any extra cost and effort. The RSA public-key
encryption system ensures the security of the proposed method. However, to prevent a brute force attack,
the choice of the key size becomes crucial.
Most promising current and future payment technologies | SG AnalyticsSG Analytics
The decades-long debate over the evolution of payment technology continues in the age of mobile wallets, EMV, blockchain, etc.
The evolutionary disruptive technologies in the payment landscape are poised to redefine businesses with increased automation and connectivity.
In this presentation, SG Analytics highlights the evolution of the 9 most important payment technologies that will transform the world’s financial ecosystem!
Online Payment Landscape in Turkey, MPE2015, Berlin Cihan Demir
Turkey has a diversified payment ecosystem with many moving parts such as bank loyalty cards, installment options, reward points, bank campaigns, and alternative payment methods.
Some of these are unique to Turkey such as installment options. For merchants this complex payment ecosystem can create challenges especially in the checkout flow.
To navigate through this complex payment world its important that we track and analyse consumer behavior every step of the way.
Payments Market in India, Mobile Wallet, Mobile Payments , Evolving Payments Ecosystem, Payments Industry , Payments Bank , Payment Gateways , Mobile Market, Payment Methods
The Future of Mobile Payments – Role of mobile wallets in consumer purchase j...Data N Charts
This report will look into why US consumers aren’t warming up to mobile payment services and how mobile wallets can integrate shopping and peer-to-peer transfers to make payments relevant with smartphone owners for wider adoption.
Credit Card Processing Industry Response to the Increasingly Tech Savvy CustomerGranbury Solutions
Credit card processing is a critical component of your business, but maintaining a secure processing environment is more challenging than ever. Sid will discuss ways you can protect your business and your customers’ data in an every changing world of technology innovation.
Get Ready for EMV and Card Not Present FraudTransUnion
To view this webinar and others like it, visit iovation at: https://www.iovation.com/resources/webinars/get-ready-for-emv-and-card-not-present-fraud
Synopsis:
By October 2015, merchants in the United States will be subject to Europay, Mastercard, and Visa (EMV) standards. Liability for fraudulent purchases shifts to merchants at that time. This change will push many merchants to adopt the new standards to avoid risk. Although EMV is a good fraud tool for face-to-face transactions, it doesn't stop all fraud. In fact, after EMV implementation in other countries, a spike in card-not-present fraud always follows. Is your fraud prevention ready for that spike?
In this webinar you’ll learn:
How liability changes with EMV
What changes at the issuer, merchant and processor levels with EMV
Why card-not-present fraud is connected to EMV
How a device-based fraud solution stops card-not-present fraud in real-time
How shared global, cross-industry fraud intelligence can be leveraged to reduce risk
Although the EMV migration deadline has long come and gone, there are still several industry players who have yet to implement it. In this recorded webinar, Ingenico Group’s Allen Friedman, Ingenico Mobile Solutions' Andrew Molloy and AZ Payments Group's Rick Oglesby discuss:
- Current state of EMV migration in the U.S.
- 7 Ways Businesses can make EMV migration easier for merchants
Watch the recorded webinar - https://event.webcasts.com/viewer/event.jsp?ei=1106146
The Ever Changing Payments Landscape: EMV & Mobile Payments (Conference Prese...NAFCU Services Corporation
EMV Chip Cards, NFC and QR Codes are all new technologies in the payments landscape that can have an impact on financial institutions. With the payments industry continuously growing, credit unions need to think differently about their credit business and how this growing technology can affect their members. Why are these technologies important for my credit union? How can I create opportunities for my business with these technologies? In this recording, you will learn more about how your credit union can adapt to what the future forecast looks like for this growing industry. Learn more at: www.nafcu.org/vantiv
Contactless payment and US chip-and-PIN adoption drives smart card growth in ...Smart Payment Association
Smart Payment Association announces preliminary finds of 2014 smart card payments review
• Over 1.5 billion smart payment cards shipped in 2014
• 185 million smart payment cards and modules shipped to US in 2014
• Contactless technology present on 40% of payment cards in 2014
• Secure DDA technology present on 70% of payment cards in 2014
Munich, 4th February 2015: The United States’ migration to EMV-standard chip-and-PIN cards, and the growing demand for contactless technologies, defined a high-growth payment card market in 2014, according to the Smart Payment Association (SPA).
Preliminary figures, released in advance of the SPA’s annual review of the card payment market, show over 1.5 billion smart payment cards where shipped globally last year, with some 40% featuring contactless ‘tap and go’ technology.
The United States, the only major market not to have previously adopted EMV-standard cards, accounted for 185 million card and module shipments as the country makes the transition to chip-and-PIN.
This number was significantly higher than the 30 million cards shipped in 2013 – reflecting growing enthusiasm from the country’s regulators, banks and retailers to combat card fraud on a national scale.
In a clear example of federal support for EMV transition, President Obama signed an executive order in October 2014 to apply chip-and-PIN technology to newly-issued and existing government credit and debit cards, and to deploy EMV-supported payment terminals in federal agencies.
Contactless technology continued its rapid global growth. In 2014, four out of every ten smart payment cards featured the ‘tap and go’ technology, with SPA members shipping a total of over 600 million contactless payment cards in the year.
This figure represents a year on year growth of 35%, with much of the increase driven by Europe and Asia, where contactless cards represented slightly more than 50% of total shipments in 2014. In the US, less than 10% of cards shipped in 2014 featured contactless technology – a figure in line with the maturity of the EMV market.
The data, collated by the SPA – whose seven members represent around 85% percent of the total available market – also highlighted the primacy of the Dynamic Data Authentication (DDA) technology. DDA provides chip-and-PIN cards with high levels of protection against modification of data and card cloning. 70% of cards shipped in 2014 featured this technology – up from 66% in 2013.
Sylvie Gibert, President of the Smart Payment Association: “These preliminary figures underline the crucial role EMV-standard cards and secure infrastructures in the global payments ecosystem – both now and in the future.
“In 2014 we saw banks and retailers respond to consumer demands for faster and more convenient and more secure ways to pay as contactless shipments grew to their highest levels. Crucially, the continued and growing adoption of EMV-stan
CPNI Mobey Forum Mobile Payment Trusted Service Provider Sept 23 2008The Stilwater Group
Mobey Forum quarterly meeting Sept 23, 2008. The opportunity for banks and the entire mobile payment ecosystem created by focusing on remote mobile payments.
Secure Payments: How Card Issuers and Merchants Can Stay Ahead of FraudstersCognizant
Our latest research reveals that merchants and card issuers should take a layered approach to mitigating risk, by working with consumers to improve fraud detection and prevention.
Paying for stuff is, unfortunately, something we do every day! Be it with cash, cards, mobile phones or with our fingerprints and faces, we send money from one account to another. Globally speaking, cash is still king, but the payment experience is undergoing radical disruption which for the time being especially involves the act of payment more than the processing that goes on behind it. This presentation provides a description of payment processes and the new trends that are slowly but surely re-shaping the way we pay money. The authors are Philippe Collombel, Nico Valenti Gatto and Tanguy Confavreux who all work for Partech Ventures, a global venture capital fund with offices in San Francisco, Paris, Berlin and Dakar.
Digital Payment Market size is projected to reach US$ 24.31 Trillion by 2030, according to Renub Research. The digital payments industry has experienced speedy expansion due to Internet evolution and increased e-commerce. Digitalization has brought about diverse digital payment alternatives, including payment cards, virtual and mobile wallets, digital cash, and contactless methods.
This is a presentation by Bizuneh Bekele, ePayment and FinTech Development Consultant, DigiFinance Africa, at the 3rd Annual East Africa Finance Summit
TRUSTECH 2019 conference: A World Payment Perspective TRUSTECH Event
Presentation made on November 27th 2019 at TRUSTECH by Gregoire Toussaint – Director at Edgar, Dunn & Company
Contents: Grégoire Toussaint, Director at Edgar, Dunn & Company (EDC), global strategy consultancy specialised in payments analysed key payment trends and presented EDC’s report on Fintech describing the impact of Fintech on the payment value chain.
The Internet of Things: A Prime Opportunity for Merchant AcquirersCognizant
For merchants, the Internet of Things’ vast connectivity makes it easy for consumers to purchase within an environment that is intuitive, familiar and comfortable. For acquirers, there is the opportunity to provide various interfaces for accepting payments from all connected touchpoints -- creating an omnichannel experience for customers.
Three Important Trends for Digital Payments for the Growth of eCommerce in 2022PaymentAsia
Over the recent years, many trends have nudged merchant payment gateway providers towards diversification, especially in the areas of alternate payment methods and contactless payments. Moreover, the pandemic has only made it more conducive for eCommerce and payment diversification. Here are three rising trends that can fuel the exponential growth of eCommerce in 2022. Visit @ https://www.paymentasia.com/en/product-and-services/payment-gataway/
Similar to The Multichannel Issues and Opportunities of EMV 2.0 (20)
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The Multichannel Issues and Opportunities of EMV 2.0
1. The Multichannel Issues and
Opportunities of EMV 2.0
Dr. Andreas Strobel, President, SPA
Tuesday 19th November 2013
shaping the future of payment technology
3. Who we are
The Smart Payment Association addresses the challenges of today’s evolving
payment ecosystem. We offer leadership and expert guidance to help members
and their financial institution customers realize the opportunities of
smart, secure and personalized payment systems and services - both now
and in the future.
Since 2004
Members:
shaping the future of payment technology
4. What we do
The SPA works in partnership with global standards bodies, its own vendor
community, and an expanding ecosystem of established and emerging brands
to offer an ever-growing portfolio of advisory and support services.
NonTraditional
Ecosystem Expert Advisor Services
Help shape the future of payments
Customers
Members Customers Services
Bring Value to Financial Institutions
Members Services
T
rade Organization
Traditional / Smart Card
4
2013/11/19 •
Technologies
Mulichannel and EMV 2.0
Advanced/ New
Fig 1
Extending advisory and
support across the evolving
community, the SPA is
addressing today’s challenges
and shaping the future
direction of payment
technologies, standards and
business models.
shaping the future of payment technology
6. Todays’ payment ecosystem for retail payments
is based on a multi-channel approach
Players
Payment means
Direct
payment
Cash
Prepaid
Commercial
Cards Credit transfers/
Direct debit
Traditional
payment
New
payment
Mobile
M-commerce
NFC
Apps
SMS
P2P Payments
Consumer
Online
EFT
E-commerce Credit cards
Google checkout
PayPal
Click and buy
1-Click
Provider payment options
Financial institutes
(Banks, PayPal)
Non-financial institutions:
MNOs
Device manufacturers
Merchants
PSP
security
Payment schemes (Visa, MC, …)
Payment
channels
Suppliers
Card vendors
Processors
ATM / POS providers
convenience
Consumer
availability
6
2013/11/19 •
Multichannel and EMV 2.0
shaping the future of payment technology
7. Todays’ payment ecosystem for retail payments
is based on a multi-channel approach
Players
Payment means
Direct
payment
Cash
Prepaid
Commercial
Cards Credit transfers/
Direct debit
Traditional
payment
New
payment
Mobile
M-commerce
NFC
Apps
SMS
P2P Payments
Consumer
Online
EFT
E-commerce Credit cards
Google checkout
PayPal
Click and buy
1-Click
Provider payment options
Financial institutes
(Banks, PayPal)
Non-financial institutions:
MNOs
Device manufacturers
Merchants
PSP
security
Payment schemes (Visa, MC, …)
Payment
channels
Suppliers
Card vendors
Processors
ATM / POS providers
convenience
Consumer
availability
7
2013/11/19 •
Multichannel and EMV 2.0
shaping the future of payment technology
8. Todays’ payment ecosystem for retail payments
is based on a multi-channel approach
Players
Payment means
Direct
payment
Cash
Prepaid
Commercial
Cards Credit transfers/
Direct debit
Traditional
payment
New
payment
Mobile
M-commerce
NFC
Apps
SMS
P2P Payments
Consumer
Online
EFT
E-commerce Credit cards
Google checkout
PayPal
Click and buy
1-Click
Provider payment options
Financial institutes
(Banks, PayPal)
Non-financial institutions:
MNOs
Device manufacturers
Merchants
PSP
security
Payment schemes (Visa, MC, …)
Payment
channels
Suppliers
Card vendors
Processors
ATM / POS providers
convenience
Consumer
availability
8
2013/11/19 •
Multichannel and EMV 2.0
shaping the future of payment technology
9. Todays’ payment ecosystem for retail payments
is based on a multi-channel approach
Players
Payment means
Direct
payment
Cash
Prepaid
Commercial
Cards Credit transfers/
Direct debit
Traditional
payment
New
payment
Mobile
M-commerce
NFC
Apps
SMS
P2P Payments
Consumer
Online
EFT
E-commerce Credit cards
Google checkout
PayPal
Click and buy
1-Click
Provider payment options
Financial institutes
(Banks, PayPal)
Non-financial institutions:
MNOs
Device manufacturers
Merchants
PSP
security
Payment schemes (Visa, MC, …)
Payment
channels
Suppliers
Card vendors
Processors
ATM / POS providers
convenience
Consumer
availability
9
2013/11/19 •
Multichannel and EMV 2.0
shaping the future of payment technology
10. Todays’ payment ecosystem for retail payments
is based on a multi-channel approach
Players
Payment means
Direct
payment
Cash
Prepaid
Commercial
Cards Credit transfers/
Direct debit
Traditional
payment
New
payment
Mobile
M-commerce
NFC
Apps
SMS
P2P Payments
Consumer
Online
EFT
E-commerce Credit cards
Google checkout
PayPal
Click and buy
1-Click
Provider payment options
Financial institutes
(Banks, PayPal)
Non-financial institutions:
MNOs
Device manufacturers
Merchants
PSP
security
Payment schemes (Visa, MC, …)
Payment
channels
Suppliers
Card vendors
Processors
ATM / POS providers
convenience
Consumer
availability
10
2013/11/19 •
Multichannel and EMV 2.0
shaping the future of payment technology
11. An unbroken trend - Card payments continue
growing across all regions worldwide
Globally in 2011
Credit card
transactions volume
+12,3%
Debit card
transactions volume
+15,8%
In North America
65% of non cash
transactions made by
payment card!
Source: World Payments Report 2013
11
shaping the future of payment technology
12. Todays’ payment ecosystem for retail payments
is based on a multi-channel approach
Players
Payment means
Direct
payment
Cash
Prepaid
Commercial
Cards Credit transfers/
Direct debit
Traditional
payment
New
payment
Mobile
M-commerce
NFC
Apps
SMS
P2P Payments
Consumer
Online
EFT
E-commerce Credit cards
Google checkout
PayPal
Click and buy
1-Click
Provider payment options
Financial institutes
(Banks, PayPal)
Non-financial institutions:
MNOs
Device manufacturers
Merchants
PSP
security
Payment schemes (Visa, MC, …)
Payment
channels
Suppliers
Card vendors
Processors
ATM / POS providers
convenience
Consumer
availability
12
2013/11/19 •
Multichannel and EMV 2.0
shaping the future of payment technology
13. The rise of e- and m-payments – more
payments channels and non-bank providers
Driven by smart devices &
connectivity
CAGR 2010-14
18,1%
Convenience and
innovation
New players and new
usages
CAGR 2010-14
58,5%
Non-Bank
Providers
92,3%
Leading to asymmetry and
fragmentation
Need for accelerated
standardization
Bank Providers
55,4%
Source: World Payments Report 2013
13
shaping the future of payment technology
14. Todays’ payment ecosystem for retail payments
is based on a multi-channel approach
Players
Payment means
Direct
payment
Cash
Prepaid
Commercial
Cards Credit transfers/
Direct debit
Traditional
payment
New
payment
Mobile
M-commerce
NFC
Apps
SMS
P2P Payments
Consumer
Online
EFT
E-commerce Credit cards
Google checkout
PayPal
Click and buy
1-Click
Provider payment options
Financial institutes
(Banks, PayPal)
Non-financial institutions:
MNOs
Device manufacturers
Merchants
PSP
security
Payment schemes (Visa, MC, …)
Payment
channels
Suppliers
Card vendors
Processors
ATM / POS providers
convenience
Consumer
availability
14
2013/11/19 •
Multichannel and EMV 2.0
shaping the future of payment technology
15. For non-cash transactions the card fraud has
been declined, thanks to chip migration in SEPA
0.036%
Source: ECB - Second report on card
fraud, July 2013
15
2013/11/19 •
Multichannel and EMV 2.0
shaping the future of payment technology
16. In e-Commerce channel the card-not-present
fraud (CNP) is dominant and further increasing
Evolution of the total value of card fraud using
cards issued within SEPA 1)
Value in millions of EUR / %
Transactions (millions) / %
Total level of fraud has
reduced overall for the
SEPA region
However, card-not-present
transactions now represent
the biggest share and the
biggest growth in terms of
fraud
Most of fraudulent F2F
transactions with EU cards
took place outside the EU
Top 6 locations:
USA, Dominican
Republic, Colombia, Russian
Federation, Brazil, Mexico) –
Source: Europol
CPSs: Card Payment Schemes
CNP
16
2013/11/19 •
56 %
Multichannel and EMV 2.0
CNP 60 %
Source: ECB - Second report on card
fraud, July 2013
shaping the future of payment technology
17. 03.
The gobal EMV payment market
shaping the future of payment technology
18. With the US and China adopting EMV the chip
migration has become a global phenomenon
Source: EMVCo
18
2013/11/19 •
Multichannel and EMV 2.0
shaping the future of payment technology
19. 975 million pcs. smart payment cards were
shipped in 2012 by SPA Members*
+9%
+12%
+18%
+16%
+39%
+23%
418
580
675
798
898
975
2007
Mio. pcs
sold
2008
2009
2010
2011
2012
* includes all chip payment cards – EMV represents more than 90% of SPA shipments
19
2013/11/19 •
Multichannel and EMV 2.0
shaping the future of payment technology
20. The total available market for payment chip
cards is estimated to 1.2 Billion pcs. in 2012*
EUROPE
TAM: 322M
NORTH ASIA
TAM: 238M
NORTH AMERICA
TAM: 84M
CISMEA** & EASTERN
EUROPE
TAM: 208M
SOUTH EAST ASIA
SOUTH AMERICA
TAM: 89M
TAM: 225M
Payment Chip cards deployed
or in advanced deployment
Chip cards in deployment
Chip cards migration initiated
No Chip cards
20
* 2012 Estimated Total Available Market (1166 units) by Geographies in Millions – Includes
all chip payment cards
** Includes Turkey
shaping the future of payment technology
21. In all regions the growth of contactless cards
(CTLES) was stronger than for contact cards *
CTLES
+106%
CTLES
+111%
WESTERN EUROPE
Contact: 240 Mio.
Contactless: 62 Mio.
CTLES
+17%
AMERICAS
Contact: 205 Mio.
Contactless: 54 Mio.
CT
-4 %
Chip & PIN deployed or in
advanced deployment
CT
-14 %
CTLES
+34%
CT
+26%
CT
+1 %
ASIA PACIFIC
Contact: 142 Mio.
Contactless: 80 Mio.
CISMEA & EASTERN
EUROPE
Contact: 164 Mio.
Contactless: 29 Mio.
Chip & PIN in deployment
Chip & PIN migration initiated
No Chip & PIN
21
* Comparison of SPA members shipments from 2011 and 2012
shaping the future of payment technology
22. The adaption rate of DDA cards outperformed
previous technology in all regions *
DDA
+6%
DDA
+60%
WESTERN EUROPE
DDA: 258 Mio.
nDDA: 43 Mio.
DDA
+69%
nDDA
-33%
DDA
+45%
nDDA
+7%
AMERICAS
ASIA PACIFIC
DDA: 39 Mio.
nDDA: 220 Mio.
DDA: 117 Mio.
nDDA: 105 Mio.
nDDA
-7%
CISMEA & EASTERN
EUROPE
DDA: 133 Mio.
nDDA: 60 Mio.
Chip & PIN deployed or in
advanced deployment
Chip & PIN in deployment
Chip & PIN migration initiated
nDDA
-18%
No Chip & PIN
22
* Comparison of SPA members
shipments from 2011 and 2012
shaping the future of payment technology
23. EMV is a truly established global secure and
interoperable infrastructure
Smart payment card shipments hit the one billion mark in
2011, and exceeded 1.1 billion in 2012
Ever increasing penetration of contactless payment (23 %
in 2012)
Move towards more secure ways to pay (DDA more than
half of shipments)
EMV is a truly established, global secure & interoperable
infrastructure, and NFC is the contactless extension paving
the ground for the evolving connected world
Discover and China Unionpay have joined EMVCo in 2013
US and China are moving to EMV
EMV has beat the fraud (Europol) on card payment but
what about the online fraud?
23
shaping the future of payment technology
25. Todays’ payment ecosystem for retail payments
is based on a multi-channel approach
Players
Payment means
Direct
payment
Cash
Prepaid
Commercial
Cards Credit transfers/
Direct debit
Traditional
payment
New
payment
Mobile
M-commerce
NFC
Apps
SMS
P2P Payments
Consumer
Online
EFT
E-commerce Credit cards
Google checkout
PayPal
Click and buy
1-Click
Provider payment options
Financial institutes
(Banks, PayPal)
Non-financial institutions:
MNOs
Device manufacturers
Merchants
PSP
security
Payment schemes (Visa, MC, …)
Payment
channels
Suppliers
Card vendors
Processors
ATM / POS providers
convenience
Consumer
availability
25
2013/11/19 •
Multichannel and EMV 2.0
shaping the future of payment technology
26. eCommerce is the „low hanging fruit“ for
organized online fraud criminals
Financial institution have made significant efforts to defend online accounts
Cyber criminals target more and more eCommerce sites
The eCommerce market is huge: In 2012 the market was about several
hundred billion Euros with about >20 billion transactions
Online retailer have access to credit card details and deliver goods that
criminals can resell (change of shipping address, network of mules)
Most e-Commerce sites lack fraud protection; it is unclear to customers how
sites are protected; fragmentation and lack of standardization
Weak user authentication only by User-ID and password
Data breaches (of huge data bases) by hacking, insiders, malicious software
Cracking of stolen passwords to reveal user credentials by todays’ powerful
parallel-connected computing devices and reselling of digital IDs
26
shaping the future of payment technology
27. Lack of strong user authentication is one of the
identified weaknesses of todays’ eCommerce
The ECB forum for Security of Retails Payments
(SecuRe Pay) gave 13 recommendations to
tackle Card Not Present Fraud
Protect the initiation of internet payments, as well payment data by means of
strong customer authentication
Limit the number of log-in or authentication attempts
Transaction monitoring mechanisms against fraudulent payment transactions
Implement multiple layers of security defenses to mitigate risks
Provide more guidance and education to customers
…
Source: ECB - Recommendations for the security of internet payments, January 2013
27
shaping the future of payment technology
28. EMV has the basic ingredients, but some parts
are missing from SPA point of view
Security, interoperability, good user experience and a robust business model
for the card issuer, constitute the four key advantages of the card technology
In general the new EMV standard should include: more interfaces, transaction
independent from the interface – this is mainly covered by EMVCo Next Gen
Protocols and message structures for payment convergence; harmonizing
protocols on the terminal to acquirer interface to standardize the back office
More means to include “on-card” peripherals and new card functionalities
needed for strong cardholder authentication to protect high value transactions
Faster and more competitive evolution of the new standard, softening of the
rigid EMVCo IP policy to ensure state-of-the-art contributions/implementations
Better collaboration between PCI and EMVCo; early mandate by Card Payment
Schemes requested to adopt EMV Next Generation as soon as possible
Better positioning of the secure element as THE token which offers secure
authentication and protects the privacy of eCommerce transactions
28
shaping the future of payment technology
29. 05.
SPA’s role in bridging the gap
shaping the future of payment technology
30. How we do it – SPA contributes and gives
expert advice to leading standards bodies
By supporting the creation and adoption of standards and best
practices
SEPA: European Payments Council – Cards Stakeholder Group
Card Representative and Vendor Sector Spokesperson,
Chair of the EPC-CSG Task Force to specify the SEPA functional and security
requirements for emergent & remote payments (Internet + Mobile),
Conveyor of the new EPC-CSG Expert Team on Card Innovative Payments,
Member of the Preparatory Committee of the SEPA Security Certification
Management Body
EMVCo:
Technical Associate
Board Advisor for Card Sector
Next Generation Task Force: Contributor
By extending expert advice and support across the payments
ecosystem
An eye-catching library of expert technical resources and thought
leadership collaterals to shape the future of payment
30
shaping the future of payment technology
31. Some take aways –
Summary and recommendations
EMV has proven to be the global, interoperable and secure standard of choice
to tackle card fraud at the physical point of sale – more collaboration needed
Despite the fact that overall fraud is decreasing (SEPA-region) the card-notpresent fraud is further increasing
eCommerce transactions contribute to the major part of card-not-present
fraud and are the low hanging fruits for online fraud
Strong user authentication is needed for eCommerce transactions – User-ID
and password in cloud-based platforms is not sufficient anymore
NFC technology relying on certified, tamper proof secure elements is the
recommended solution to tackle fraud for m-payments
Card Payment Schemes should engage stronger to establish strong user
authentication for eCommerce by means of EMV and NFC technology
EMV based secure elements offer the ingredients to better secure eCommerce
as compared to purely cloud based solutions
31
shaping the future of payment technology
32. Have a look at the latest SPA publications
and visit our web site
NEW!
Biometrics for EMV Payment Cards
NEW!
UICC Application Lifecycle Management
Software to Chip Fallback Solution
Security Certification for Mobile Platforms
Security for Mobile Payments
PIN by SMS
Private Label Payment Solutions
Business Continuity in the Payment Card
Issuance Industry
… more publications to come the next weeks!
32
2013/11/19 •
Multichannel and EMV 2.0
shaping the future of payment technology
33. Thank You for Your attention!
Download from
www.smartpaymentassociation.com
#SmartPayment
shaping the future of payment technology