PREPAID OPENING A WORLD OF PAYMENT POSSIBILITIES

Size: px
Start display at page:

Download "PREPAID OPENING A WORLD OF PAYMENT POSSIBILITIES"

Transcription

1 PREPAID OPENING A WORLD OF PAYMENT POSSIBILITIES

2 EXECUTIVE SUMMARY Prepaid cards have received much attention over the past years and the prepaid market is now booming and offers a world of opportunities. Traditional and non-traditional card issuers are embracing these opportunities and turn these financial vehicles into a tool to increase their revenues, target the cash replacement market and better serve their customers. This market is becoming a worldwide market with key areas of growth such as in the Middle East where prepaid cards are gaining traction from consumers and corporations. This market implies new business models, new stakeholders and a unique value chain which are new challenges to face for issuers. Even if the prepaid market is growing, launching a prepaid program is full of challenges, from the understanding of the value chain, the selection of partners, the development of the value proposition to the distribution channels each element must be considered as a key factor to make the program a success. 2

3 THE PREPAID MARKET IS BECOMING GLOBAL The prepaid market was well known as a US market, but it now receives much more attention globally. In fact, brands, retailers, mobile operators, airline companies, governments and banks outside of the United States have understood the advantages of prepaid cards and find in these types of cards an efficient way to increase their revenues, target the cash replacement market and better serve their customers. Originally introduced as a more efficient replacement for paper gift certificates and food stamp coupons, prepaid cards now represent a broad payment category that spans a wide range of applications, each providing a new growth opportunity. Prepaid cards are available in different formats, from traditional closed loop gift cards to multi-application scheme branded cards. There are 3 main types of prepaid cards and the main difference between them is the level of acceptance. Open loop cards are branded by a payment network such as Visa, MasterCard, American Express, etc. and can be used at any merchant or ATM. Whereas closed loop cards are non-branded cards and can only be used in one retail outlet, a group of participating shops or institutions. Between these two models, payment networks have developed an alternative prepaid option: the private/white label cards. These cards use the schemes infrastructure but do not carry the scheme logo and are accepted in a defined and limited merchant environment. The global open loop prepaid market is expected to reach $822 billion by 2017 according to MasterCard. With more and more programs launched globally, the prepaid opportunity is becoming diversified with key countries such as Brazil, Mexico, UK, Italy and Middle East. The global prepaid growth will be supported by several market drivers such as regulations, consolidated value chain, technologies, etc. However, each prepaid market is different and therefore growth drivers can vary a lot from one country to another. 3

4 PREPAID MARKET IN MIDDLE EAST GOVERNMENT TRAVEL UNBANKED MONEY TRANSFER Prepaid is gaining traction in the Middle East among consumers, corporations and governments. A multitude of market factors are driving the payment industry to new payment solutions such as prepaid cards, including economic and commercial fundamentals and the need for cashless payments as well as new technologies. A GROWING MARKET According to the World Bank, the prepaid market in UAE is expected to reach US$ 18.4 billion in Indeed, prepaid platforms combined with secure chip and PIN cards, offer governments efficient and convenient solutions to distribute salaries, social benefits, etc. to some of their employees. It s a way for unbanked people to access bank-like-solutions, for migrants to send money home and for travelers to manage different currencies and control their budgets. The prepaid market in the Middle East is the sixth largest prepaid market worldwide and is expected to experience significant growth in the coming years. Each prepaid market in the Middle East must be considered separately, as countries have different market drivers depending on their population needs, level of education and regulations. WHICH NEEDS EFFICIENT REGULATIONS As for every prepaid market, regulation is one of the key challenges that issuers have to face. E-money, anti-money laundering and Know Your Customer are key regulatory drivers to create market conditions for prepaid growth. As an example, the Saudi Arabian Monetary agency released in 2012 an updated regulation on the prepaid card industry. It supported the open loop card market growth, whereas closed loop cards are almost not present. In the UAE, the wage protection system requires employers to pay their employees via electronic transfer, strongly supporting the issuance of Payroll and remittance prepaid cards. AND A GOOD LEVEL OF EDUCATION. This market is still in its infancy and it requires a good level of education to grow. Even if pay in advance is an old concept, prepaid cards are quite recent and there is still a need for education for all stakeholders, issuers and consumers. Therefore, this is critical to generate public interest, to educate end-users in the concept, utilization and the associated advantages. In addition to customer education, traditional and non-traditional issuers need to have a good understanding of the market value chain to answer the market with the right solutions and business models. 4

5 UNDERSTANDING THE UNIQUE OPEN LOOP PREPAID CARD VALUE CHAIN The prepaid market is different from credit and debit ones. It implies new actors such as brands, retailers, airlines and distributors with different needs and objectives and therefore new business models and a different value chain. Prepaid program managers first turn prepaid cards into practical business solutions or consumer propositions and then coordinate the work of all the stakeholders, bringing end-to-end solutions. PREPAID PROGRAM 5 PROGRAM MANAGER SCHEME BIN SPONSOR PROCESSOR CARD VENDOR 3 RD PARTY

6 REVIEW OF THE STAKEHOLDERS & KEY MISSIONS Program manager Provides end-to-end solutions to the client Coordinates & controls the different entities on behalf of the client Scheme Provides acceptance locations Sets rules, including processing, interchanges, card specifications, etc. BIN sponsor Provides network access and regulatory compliance Depository institutions Processor Defines the architecture of a program on its hardware and software capabilities Manages the card account (from account set up, through card activation, reloading, to account closure) 6 Card vendor Provides prepaid cards and alternative products (NFC, Mobile wallet, etc.) Personalizes cards in certified service centers Manages marketing collateral and fulfillment Distributes prepaid cards and PINs 3 rd party (depending on prepaid card type) Distributors provides distribution channel to issuer Retailers for card sales, activation, reload, etc. The prepaid value chain is evolving as fast as the prepaid industry. Prepaid worldwide growth, the emergence of mature markets, regulation changes, new technologies and market consolidation all impact the value chain. From a global perspective, we have seen a consolidation of the value chain and amalgamation of functions, with players being able to offer two or three key elements of the value chain (program management, processing and issuing services) at the same time. This trend is unlikely to change. Consolidated providers will coexist with low integrated players which will have more operational flexibility to focus on some market segments and comply with new regulations.

7 GETTING THE RIGHT STRATEGY: MAKING THE DIFFERENCE The prepaid card market offers a world of opportunities for traditional and non-traditional card issuers. Prepaid cards are getting popular and used more and more due to their flexibility. Indeed, Banks are using them to target the unbanked, governments to distribute benefits electronically and airlines to migrate their frequent flyer cards to multi-application prepaid KEY SUCCESS FACTORS loyalty cards. However, even if the prepaid card market is growing, launching a prepaid card program does not guaranty success! Issuers must consider this market carefully, with an efficient and dedicated approach to leverage the prepaid opportunity. Value proposition: defining a solution that solves existing problems or brings an added-value compared to current solutions. Prepaid issuers have many possibilities to create this proposition, from card specifications (EMV, Contactless, NFC), acceptance network (open loop VS restricted loop) to advanced capabilities (multi-currency, P2P transfer) and associated services (smart phone apps.). 7 Know you customers: in addition to the mandatory framework, knowing customer s habits and payment usages are key drivers in the development of a program to make sure that customers will engage. Choice of partners: the selection of prepaid partners is critical. Indeed, issuers must ensure that their partners have the right platform, products and services to support their business plan and their local, regional or international growth. Business model: the prepaid card market implies a unique value chain which is driving the structure of costs; in front of these costs issuers have several options to generate revenues out of the programs (card, activation, load, interchange, etc.). Each cost and revenue driver must be taken into consideration in a context of a certain type of card and market segment. Distribution: in addition to traditional channels of distribution (online, mail) issuers can innovate and sell their cards in retail environments (via secure packaging or self service vending machines) or at their branches with instant issuance solutions.

8 PREPAID PRODUCTS MUST BRING ADDED-VALUE The prepaid market is growing in the Middle East with an increasing demand and better market conditions. We have recently seen new programs and innovations coming in the Middle East market. For instance, Etihad is migrating its frequent flyer cards to scheme branded multi-currency prepaid travel loyalty cards (The Etihad Guest Card with Wallet plus) and National Pay is planning to install 200 kiosks in Dubai to distribute personalized prepaid cards instantly. 8 The prepaid market is evolving fast. It requires a unique approach by the issuers to manage the different stakeholders and come to the market with solutions bringing added-value and clear benefits for end-users.

9 OBERTHUR TECHNOLOGIES, A TRUSTED AND INNOVATIVE PARTNER FOR BANKS, FINANCIAL INSTITUTIONS AND RETAIL GROUPS AN INNOVATION-ORIENTED PARTNER A LEADER IN THE PAYMENT MARKET AN INTERNATIONAL TELECOM EXPERT A MAJOR ACTOR IN THE IDENTITY MARKET OVER 10 YEARS TRANSPORT SUPPLY EXPERIENCE A SOLUTION DEVELOPMENT AND MANAGED SERVICES EXPERT A LEADER IN SECURED PERSONALIZATION GLOBAL AND LOCAL SUPPORT CAPABILITIES Expert in Smart Transactions, Digital Payments, Machine-to-Machine, Digital Identity and Transport & Access Control A portfolio of more than 500 patents with an average validity of 15 years 700 engineers in 11 R&D centers Participation to industry and open standards (ETSI, GP, 3GPP, GSMA, OMA, FIDO Alliance ) Trusted partner of over 2,000 banks and financial institutions An EMV pioneer in the U.S. and current market leader with 65% market share A leading supplier of MasterCard, Visa, Discover, Amex, CUP Expert in security (EAL4+, MasterCard, Visa) Technology trusted by over 400 telecom customers including 8 of the world s top 10 operators as well as major OEMs Ecosystem facilitator in mobile payment and major transport projects worldwide Ranked number one in contactless market by ABI Research and recognized for being the first to achieve significant wins for embedded Secure Elements as well as fostering highlevel partnerships End-to-end offer enabling and securing Machine-to-Machine and Internet-of-Things services Over 60 core MNO solutions references, leveraging a global OTA offer compliant to LTE and HTTP Over 100 Identity references Over 350 million highly secure Identity documents currently deployed and used in the field 20+ years experience in electronic chip development, cryptography and biometric standards Broad variety of digital security systems to closely assist administrative authorities and companies 50 references worldwide A leading supplier of MIFARE, Calypso and CIPURSE A founding member of the OSPT Alliance Solutions operated from secured and certified OT data centers or deployed in-house High availability service and 24/7 support and maintenance Software development expert in UNIX, C, C++ and Java environments Trusted partner for hosting sensitive information Unique global tool for all kinds of personalization of all smart card products Over 6,000 employees worldwide 5 manufacturing hubs (Europe, North America, South America, Asia and Middle East Africa) A network of almost 40 service centers Flash this code to download the document a world_of_payment_possibilities.pdf DISCOVER THE M WORLD our magazine available on tablets and smartphones LEARN MORE ABOUT OT OBERTHUR.COM TWITTER LINKEDIN YOUTUBE 2015 Oberthur Technologies. All rights reserved. Specifications and information subject to change without notice. The products described in this document are subject to continuous development and improvement. All trademarks and service marks referred to herein, whether registered or not in specific countries, are the property of their respective owners. Oberthur Technologies respects the environment. The number of printed brochures produced by the company has been significantly reduced to save paper. Printed documents are produced on FSC-certified paper using aqueous inks to reduce environmental impact. Oberthur Technologies is certified ISO 9001 : 2008

OT PRODUCTS & SOLUTIONS TRANSPORT

OT PRODUCTS & SOLUTIONS TRANSPORT OT PRODUCTS & SOLUTIONS TRANSPORT TOWARDS TRUE MOBILITY TRANSPORT OPERATORS AND TODAY, CONTACTLESS INTEGRATORS ARE FACING TRANSPORT SYSTEMS STRATEGIC CHALLENGES LACK INTEROPERABILITY, WHILST A FULL RANGE

More information

IDENTITY SOLUTIONS END-TO-END SYSTEMS SOLUTIONS TO PROTECT IDENTITIES AND SECURE ACCESS FOR A MOBILITY WORLD

IDENTITY SOLUTIONS END-TO-END SYSTEMS SOLUTIONS TO PROTECT IDENTITIES AND SECURE ACCESS FOR A MOBILITY WORLD IDENTITY SOLUTIONS END-TO-END SYSTEMS SOLUTIONS TO PROTECT IDENTITIES AND SECURE ACCESS FOR A MOBILITY WORLD 8 BILLION IDENTITY DOCUMENTS IN CIRCULATION IN 2014 END-USER BENEFITS OT invents products and

More information

OT PRODUCTS AND SOLUTIONS MACHINE TO MACHINE

OT PRODUCTS AND SOLUTIONS MACHINE TO MACHINE OT PRODUCTS AND SOLUTIONS MACHINE TO MACHINE MACHINE-TO-MACHINE ENABLE AND SECURE A CONNECTED LIFE DRIVEN BY GOVERNMENT REGULATIONS, COMPANY AND CONSUMER NEEDS, PRODUCTS ARE TRANSFORMED INTO INTELLIGENT,

More information

OT PRODUCTS AND SOLUTIONS EMV-IN-A-BOX

OT PRODUCTS AND SOLUTIONS EMV-IN-A-BOX OT PRODUCTS AND SOLUTIONS EMV-IN-A-BOX FOR A SMOOTH MIGRATION EMV DUAL INTERFACE CARDS WILL REPRESENT 50% OF 2016 SHIPMENTS FRAUD PERCENTAGE IS DIVIDED BY 6 IN EMV COUNTRIES COMPARED TO WORLDWIDE AVERAGE

More information

Mobile Financial Services

Mobile Financial Services Mobile Financial Services CANTO AGM 2014 January 27, 2014 27 janvier 2014 1 Agenda MoreMagic and Oberthur Technologies International TopUp and White label The Digital Revolution The Caribbean Opportunity

More information

Euronet s Contactless Solution

Euronet s Contactless Solution Serving millions of people worldwide with electronic payment convenience. Euronet s Contactless Solution Fast, Secure and Convenient Transactions with No Swiping, PIN or Signature Copyright 2011 Euronet

More information

Euronet Software Solutions Integrated Credit Card System Improve your organization s marketability, profitability and revenue

Euronet Software Solutions Integrated Credit Card System Improve your organization s marketability, profitability and revenue Secure Financial Transactions Any Time, Any Place Euronet Software Solutions Integrated Credit Card System Improve your organization s marketability, profitability and revenue Serving millions of people

More information

Prepaid Card Program Roles and Responsibilities

Prepaid Card Program Roles and Responsibilities Prepaid Card Program Roles and Responsibilities A Prepaid Primer for Clients of E&S Consulting Brand Association Issuing Bank Program Manager Distribution/ Marketing Partner Transaction Processor Plastics

More information

Position Paper. issuers. how to leverage EC s regulation proposal. on interchange fees for card-based payment transactions

Position Paper. issuers. how to leverage EC s regulation proposal. on interchange fees for card-based payment transactions Position Paper issuers how to leverage EC s regulation proposal on interchange fees for card-based payment transactions The issuing landscape has dramatically changed over the last few years increased

More information

Caribbean Electronic Payments

Caribbean Electronic Payments Caribbean Electronic Payments Company Profile Caribbean Electronic Payments Ltd. 1-13 Contents Introduction... 3 Mission & Core Values... 5 CEPAYMENTS Mission... 5 Our Core Values... 5 Innovation... 5

More information

ACI TOKEN MANAGER FOR MOBILE: TOKEN SERVICE PROVISION, HCE AND EMBEDDED SECURE ELEMENT IN THE CLOUD

ACI TOKEN MANAGER FOR MOBILE: TOKEN SERVICE PROVISION, HCE AND EMBEDDED SECURE ELEMENT IN THE CLOUD DELIVERS PEACE OF MIND PRODUCT FLYER ACI TOKEN MANAGER FOR MOBILE: TOKEN SERVICE PROVISION, HCE AND EMBEDDED SECURE ELEMENT IN THE CLOUD ENABLE FULL SUPPORT OF THE MOBILE PAYMENTS PROCESS FOR EMBEDDED

More information

Prepaid and its role in domestic payment schemes. Denzil Lawson Network International UAE 23 October, 2013

Prepaid and its role in domestic payment schemes. Denzil Lawson Network International UAE 23 October, 2013 Prepaid and its role in domestic payment schemes Denzil Lawson Network International UAE 23 October, 2013 2. Protect national interests Supported by local banks and regulators, many domestic payment schemes

More information

INTRODUCTION AND HISTORY

INTRODUCTION AND HISTORY INTRODUCTION AND HISTORY EMV is actually younger than we all may think as it only became available, as a specification that could be implemented, in 1996. The evolution of EMV can be seen in the development

More information

ACI Card and Merchant ManagementTM solutions overview

ACI Card and Merchant ManagementTM solutions overview PRODUCT LINE BROCHURE ACI Card and Merchant ManagementTM solutions overview Comprehensive credit, debit, smart card and prepaid card management End-to-end merchant account management and settlement Management

More information

Secure Financial Transactions Any Time, Any Place

Secure Financial Transactions Any Time, Any Place Secure Financial Transactions Any Time, Any Place Euronet Software Solutions Gold-Net Global Payment Solution Become a Processor Providing Authorization, Clearing, Settlement, Value Added Services and

More information

Open Payments and Pre-Paid Products in Transit

Open Payments and Pre-Paid Products in Transit Open Payments and Pre-Paid Products in Transit Wendy Humphrey Vice President, Business Development March 2010 Copyright 2010, First Data Corporation. All Rights Reserved. 1 Types of Bank Cards Credit card-

More information

Payments Transformation - EMV comes to the US

Payments Transformation - EMV comes to the US Accenture Payment Services Payments Transformation - EMV comes to the US In 1993 Visa, MasterCard and Europay (EMV) came together and formed EMVCo 1 to tackle the global challenge of combatting fraudulent

More information

We believe First Data is well positioned to take advantage of all of these trends given the breadth of our solutions and our global operating

We believe First Data is well positioned to take advantage of all of these trends given the breadth of our solutions and our global operating Given recent payment data breaches, clients are increasingly demanding robust security and fraud solutions; and Financial institutions continue to outsource and leverage technology providers given their

More information

prepaid Prepaid Launch the ideal prepaid card scheme for your business quickly and efficiently

prepaid Prepaid Launch the ideal prepaid card scheme for your business quickly and efficiently prepaid Launch the ideal prepaid card scheme for your business quickly and efficiently services can help you manage everything from gift vouchers and social welfare benefits, to meal cards, corporate rewards,

More information

Reinventing mobile payments

Reinventing mobile payments Reinventing mobile payments Prepaid closed loop mobile payments schemes Miha Culiberg Warsaw, 31.10.2013 Business development director Printec corporate profile We are a multinational technology firm,

More information

permitting close proximity communication between devices in this case a phone and a terminal.

permitting close proximity communication between devices in this case a phone and a terminal. MOBILE PAYMENT What it is. How it works. What it means for Canadians. By EnStream LP for the House of Commons Finance Committee February 13, 2014 INTRODUCTION EnStream was established by Bell, Rogers and

More information

The Adoption of EMV Technology in the U.S. By Dave Ewald Global Industry Sales Consultant Datacard Group

The Adoption of EMV Technology in the U.S. By Dave Ewald Global Industry Sales Consultant Datacard Group The Adoption of EMV Technology in the U.S. By Dave Ewald Global Industry Sales Consultant Datacard Group Abstract: Visa Inc. and MasterCard recently announced plans to accelerate chip migration in the

More information

Inside the Mobile Wallet: What It Means for Merchants and Card Issuers

Inside the Mobile Wallet: What It Means for Merchants and Card Issuers Inside the Mobile Wallet: What It Means for Merchants and Card Issuers Welcome to the age of Universal Commerce commerce that is integrated, personalized, secure, open, and smart. The lines between in-store

More information

Transaction Security. Advisory Services

Transaction Security. Advisory Services Transaction Security Advisory Services Your independent, trusted partner for transaction security technology Welcome to UL UL is a world leader in advancing safety with over a hundred years of history.

More information

Training. MIFARE4Mobile. Public. MobileKnowledge April 2015

Training. MIFARE4Mobile. Public. MobileKnowledge April 2015 MIFARE4Mobile Public MobileKnowledge April 2015 Agenda Why MIFARE4Mobile? MIFARE in Mobile related technologies MIFARE technology NFC technology MIFARE4Mobile technology High level system architecture

More information

Value Added Services Increase Customer Service & Enhance Risk Management

Value Added Services Increase Customer Service & Enhance Risk Management Increase Customer Service & Enhance Risk Management GLOBAL PROVIDER FOR ALL OF YOUR PAYMENT PROCESSING NEEDS Euronet is recognized around the world as an industry leader for providing one of the most comprehensive,

More information

Payroll Card Position Paper July 2004

Payroll Card Position Paper July 2004 Payroll Card Position Paper July 2004 This document is and remains the proprietary information of CU Cooperative Systems, Inc. It is intended for the use of the recipient s organization only and any distribution

More information

MasterCard PayPass Transit (Card Based Solution)

MasterCard PayPass Transit (Card Based Solution) Wednesday, February 06, 2008 MasterCard PayPass Transit (Card Based Solution) Extending Open Payments into the Transport Environment ITSSA Workshop Dougie Henderson MasterCard Africa What is PayPass? PayPass

More information

We make cards and payments work for people as a part of everyday life. We bring information to life

We make cards and payments work for people as a part of everyday life. We bring information to life We make cards and payments work for people as a part of everyday life We bring information to life 2 EVRY is a leading IT company in the Nordic region. Through advice, technology and solutions, EVRY brings

More information

Smart Card Security Access Modules in VeriFone Omni 3350 Countertop and Omni 3600 Portable Terminals

Smart Card Security Access Modules in VeriFone Omni 3350 Countertop and Omni 3600 Portable Terminals Security Access Module White Paper Smart Card Security Access Modules in VeriFone Omni 3350 Countertop and Omni 3600 Portable Terminals With the proliferation of smart card solutions, VeriFone s use of

More information

International Processing for the Financial Industry

International Processing for the Financial Industry Payment Services International for the Financial Industry State-of-the-art transaction processing and an unparalleled bandwidth of operational services to support banks and payment service providers worldwide.

More information

Commercial Banks. Payment transactions secured by G&D.

Commercial Banks. Payment transactions secured by G&D. Commercial Banks. Payment transactions secured by G&D. Smart banking mobile, convenient, secure. Keeping up with a dynamic market. Entering the mobile age. With a trusted and experienced partner. The mobile

More information

Smart Tiger STARCHIP SMART TIGER PAYMENT PRODUCT LINE. Payment. STiger SDA. STiger DDA. STiger DUAL

Smart Tiger STARCHIP SMART TIGER PAYMENT PRODUCT LINE. Payment. STiger SDA. STiger DDA. STiger DUAL PAYMENT CATALOG Smart Tiger Payment STiger SDA Static or Java Card Modules offer for Contact SDA markets STARCHIP SMART TIGER PAYMENT PRODUCT LINE is a versatile compound of a Highly Secure Microcontroller,

More information

Australian Payments Council

Australian Payments Council Australian Payments Council Attra Submission 18 November 2013 Attra Pty Ltd Version 1.0 Table of Contents Table of Contents... 2 1 Background... 3 2 Attra Introduction... 3 2.1 Brief History... 3 2.2 Attra

More information

Banking. Extending Value to Customers. KONA Banking product matrix. KONA@I is leading the next generation of payment solutions.

Banking. Extending Value to Customers. KONA Banking product matrix. KONA@I is leading the next generation of payment solutions. Smart IC Banking Banking Extending Value to Customers KONA Banking product matrix Contact - SDA Product EEPROM Java Card Type KONA Products KONA@I is leading the next generation of payment solutions Banks,

More information

Mobile Wallet Platform. Next generation mobile wallet solution

Mobile Wallet Platform. Next generation mobile wallet solution Mobile Wallet Platform Next generation mobile wallet solution Introduction to mwallet / Mobile Wallet Mobile Wallet Account is just like a Bank Account User s money lies with the Mobile Wallet Operator

More information

Euronet Software Solutions ATM Management System Maintain and Expand Your Automated Service Offerings with a Secure, Flexible and Powerful Solution

Euronet Software Solutions ATM Management System Maintain and Expand Your Automated Service Offerings with a Secure, Flexible and Powerful Solution Secure Financial Transactions Any Time, Any Place Euronet Software Solutions ATM Management System Maintain and Expand Your Automated Service Offerings with a Secure, Flexible and Powerful Solution Serving

More information

Developing a Card and NFC Issuer Strategy

Developing a Card and NFC Issuer Strategy Developing a Card and NFC Issuer Strategy Marc Airo-Farulla MBA Director Strategy & Innovation ABnote Australasia 2013 American Banknote Corp. All rights reserved 2013 American Banknote Corp. All rights

More information

Prepay Solutions (PPS)

Prepay Solutions (PPS) PrePay Solutions Prepay Solutions (PPS) UK pioneer in prepaid leading the sector for the last 10 years with continued innovation delivering successful prepaid programs throughout Europe 2 PPS in the Digital

More information

Android pay. Frequently asked questions

Android pay. Frequently asked questions Android pay Frequently asked questions June 2015 Android Pay - FAQs In May 2015, Android Pay was announced by Google. Android Pay is Google s payments solution that allows consumers to do in-store and

More information

U.S. Bancorp Investor Day. Payment Services. Pamela Joseph Vice Chairman. September 12, 2013

U.S. Bancorp Investor Day. Payment Services. Pamela Joseph Vice Chairman. September 12, 2013 U.S. Bancorp Investor Day Payment Services Pamela Joseph Vice Chairman September 12, 2013 # Forward-looking Statements and Additional Information The following information appears in accordance with the

More information

NCR CONNECTED PAYMENTS The vision for payment acceptance in restaurants

NCR CONNECTED PAYMENTS The vision for payment acceptance in restaurants NCR CONNECTED PAYMENTS The vision for payment acceptance in restaurants For more information visit ncr.com or contact us at hospitality.information@ncr.com A winning combination of payment security and

More information

Mobile Financial Services Business Ecosystem Scenarios & Consequences. Summary Document. Edited By. Juha Risikko & Bishwajit Choudhary

Mobile Financial Services Business Ecosystem Scenarios & Consequences. Summary Document. Edited By. Juha Risikko & Bishwajit Choudhary Mobile Financial Services Business Ecosystem Scenarios & Consequences Summary Document Edited By Juha Risikko & Bishwajit Choudhary Mobey Forum Mobile Financial Services Ltd. Disclaimer: This document

More information

Selecting a Secure and Compliant Prepaid Reloadable Card Program

Selecting a Secure and Compliant Prepaid Reloadable Card Program Selecting a Secure and Compliant Prepaid Reloadable Card Program Merchants and other distributors of prepaid general purpose reloadable (GPR) cards should review program compliance as an integral part

More information

Euronet Software Solutions Recharge Solution

Euronet Software Solutions Recharge Solution Serving millions of people worldwide with electronic payment convenience. Recharge Solution Deliver the Ultimate Convenience of Top-Up to Your Customers Today Recharge Solution GLOBAL PROVIDER FOR ALL

More information

Mobile Financial services Real cases from around the world

Mobile Financial services Real cases from around the world Mobile Financial services Real cases from around the world 1 # It s time for money to change We believe that as money goes mobile, network operators will play a significant role in the m-commerce value

More information

Latest and Future development of Mobile Payment in Hong Kong

Latest and Future development of Mobile Payment in Hong Kong Latest and Future development of Mobile Payment in Hong Kong About oti Founded in 1990 (NASDAQ: OTIV). Offices in US, Europe, Africa, Asia Global provider of cashless payment solutions Experts in secured

More information

Euronet s EMV Chip Solutions Superior Protection with Enhanced Security against Fraud

Euronet s EMV Chip Solutions Superior Protection with Enhanced Security against Fraud Serving millions of people worldwide with electronic payment convenience. Euronet s EMV Chip Solutions Superior Protection with Enhanced Security against Fraud Copyright 2011 Euronet Worldwide, Inc. All

More information

What is SEPA? Fact Sheet. Streamlining Payments in Europe

What is SEPA? Fact Sheet. Streamlining Payments in Europe Fact Sheet Streamlining Payments in Europe The Single Euro Payments Area (SEPA) is the area where citizens, companies and other economic players will be able to make and receive payments in euros (whether

More information

Banking and Payments Industry in Europe and Middle East" Trends and Perspectives!

Banking and Payments Industry in Europe and Middle East Trends and Perspectives! Banking and Payments Industry in Europe and Middle East" Trends and Perspectives October 28, 2015 Presented by Konstantin Abramov" Independent Expert Global Trends in Payments" Further digitalization Data:

More information

US Mobile Payments. Primed for Growth

US Mobile Payments. Primed for Growth US Mobile Payments Primed for Growth By Todd Bricker and Shahzad Zia Momentum is building in the US for in-store mobile payments as smartphone ecosystem leaders unveil enhanced mobile payment platforms.

More information

EMV in India: Giesecke & Devrient India. Mastering Successful Implementations with G&D

EMV in India: Giesecke & Devrient India. Mastering Successful Implementations with G&D EMV in India: Giesecke & Devrient India Mastering Successful Implementations with Agenda 1. Indian Payment Card Industry Brief overview 2. Synopsis 3. Key initiatives for EMV Issuance 4. Future Plans Indian

More information

MOBILE PAYMENT INNOVATIVE SOLUTIONS. Modular, global, flexible and secure

MOBILE PAYMENT INNOVATIVE SOLUTIONS. Modular, global, flexible and secure MOBILE PAYMENT INNOVATIVE SOLUTIONS Modular, global, flexible and secure 2 THE FUTURE OF PAYMENT IS MOBILE MOBILE PAYMENT Wirecard is an end-to-end provider of solutions and services for multifunctional,

More information

Rapid technology advancement

Rapid technology advancement Understanding the market for Mobile Wallets Rapid technology advancement and unprecedented innovation coupled with a drive to win consumer share of wallet have placed a spotlight on the payments industry,

More information

2016 OUTLOOK: GLOBAL PAYMENTS

2016 OUTLOOK: GLOBAL PAYMENTS December 2015 2016 OUTLOOK: GLOBAL PAYMENTS Disruption across the industry a global theme Around the world, new entrants (including start-ups and nontraditional players) are entering the payments industry.

More information

Safe & Quick Mobile Payment. SQ is an authentication and payment system for mobile, cashless and contactless payment via Smartphone.

Safe & Quick Mobile Payment. SQ is an authentication and payment system for mobile, cashless and contactless payment via Smartphone. Safe & Quick Mobile Payment SQ is an authentication and payment system for mobile, cashless and contactless payment via Smartphone. THE TARGET GROUPS Everyone can benefit from SQ PAYMENT SERVICE PROVIDERS,

More information

How digitalisation is changing user experience

How digitalisation is changing user experience How digitalisation is changing user experience Harbo Except for the historical information contained herein, statements in this release which contain words or phrases such as will, aim, will likely result,

More information

SmartCITIES. Smart InterOperable. Solutions for Transport Authorities

SmartCITIES. Smart InterOperable. Solutions for Transport Authorities SmartCITIES Smart InterOperable Solutions for Transport Authorities Main Modules Customer Support Services Customer Management Card Management Card Issuing & Personalization Business Support Services Revenue

More information

PREPAID DEBIT CARDS PRESENTATION JANUARY 2007

PREPAID DEBIT CARDS PRESENTATION JANUARY 2007 PREPAID DEBIT CARDS PRESENTATION JANUARY 2007 1 Emergence of Prepaid Debit Cards Traditional debit cards are associated with bank checking accounts held by bankable people Visa/ MasterCard and member banks

More information

Transaction Security. Test & Certification and Security Evaluation

Transaction Security. Test & Certification and Security Evaluation Transaction Security Test & Certification and Security Evaluation Your independent, trusted partner for transaction security technology Welcome to UL UL is a world leader in advancing safety with over

More information

Catch all the digital moments

Catch all the digital moments Catch all the digital moments of your customers Driving digital transformation in the banking sector Banking is clearly evolving in a fast-paced and changing ecosystem, either in terms of regulatory compliance

More information

A RE CARD BRANDS DISAPPEARING

A RE CARD BRANDS DISAPPEARING February 2016 A RE CARD BRANDS DISAPPEARING AT THE POS? Mobile payment brands are taking hold The major card payment brands cannot be complacent if they want to remain the dominant payment brands. The

More information

Using Prepaid Cards for Claims (and other) Payments

Using Prepaid Cards for Claims (and other) Payments Using Prepaid Cards for Claims (and other) Payments American Association of State Compensation Insurance Funds Super Conference Presentation October 2 October 5, 2012 Rick Pileggi Senior Vice President

More information

Transaction Security. Training Academy

Transaction Security. Training Academy Transaction Security Training Academy Your independent, trusted partner for transaction security technology Welcome to UL UL is a world leader in advancing safety with over a hundred years of history.

More information

C23: NFC Mobile Payment Ecosystem & Business Model. Jane Cloninger Director

C23: NFC Mobile Payment Ecosystem & Business Model. Jane Cloninger Director C23: NFC Mobile Payment Ecosystem & Business Model Jane Cloninger Director The mobile phone is the most successful communication device in history Global mobile subscribers (millions) 5,000 4,500 4,000

More information

Questions & Answers clarifying key aspects of the SEPA Cards Framework

Questions & Answers clarifying key aspects of the SEPA Cards Framework Doc. EPC075-08 (Version 10.0) 11 June 2008 Questions & Answers clarifying key aspects of the SEPA Cards Framework Circulation: Publicly available Restricted: No SEPA a Guide to the Single Euro Payments

More information

Mobile Payment: The next step of secure payment VDI / VDE-Colloquium. Hans-Jörg Frey Senior Product Manager May 16th, 2013

Mobile Payment: The next step of secure payment VDI / VDE-Colloquium. Hans-Jörg Frey Senior Product Manager May 16th, 2013 Mobile Payment: The next step of secure payment VDI / VDE-Colloquium May 16th, 2013 G&D has been growing through continuous innovation Server software and services Token and embedded security Cards for

More information

Amdocs Mobile Financial Services

Amdocs Mobile Financial Services Amdocs Mobile Financial Services The cashless pioneer re-defining money since 2001 financial inclusion ecosystem innovation the next-generation Mobile Financial Services solutions The rapid penetration

More information

MOBILE NEAR-FIELD COMMUNICATIONS (NFC) PAYMENTS

MOBILE NEAR-FIELD COMMUNICATIONS (NFC) PAYMENTS MOBILE NEAR-FIELD COMMUNICATIONS (NFC) PAYMENTS MAY 2013 THESE TECHNOLOGIES ARE BECOMING CONVENIENT AND SIMPLE WAYS TO PAY. Every day merchants seek better ways to grow their business and improve efficiency.

More information

TOURISM INNOVATIVE PAYMENT SOLUTIONS. Efficient, flexible, worldwide and secure

TOURISM INNOVATIVE PAYMENT SOLUTIONS. Efficient, flexible, worldwide and secure TOURISM INNOVATIVE PAYMENT SOLUTIONS Efficient, flexible, worldwide and secure 2 THE FUTURE OF PAYMENT FOR THE TOURISM AND TRAVEL BUSINESS The PERFECT PARTNER Wirecard is one of the world s leading independent

More information

The Canadian Migration to EMV. Prepared By:

The Canadian Migration to EMV. Prepared By: The Canadian Migration to EMV Prepared By: December 1993 Everyone But The USA Is Migrating The international schemes decided Smart Cards are the way forward Europay, MasterCard & Visa International Produced

More information

The Role of the Trusted Service Manager in Mobile Commerce

The Role of the Trusted Service Manager in Mobile Commerce About the GSMA The GSMA represents the interests of mobile operators worldwide. Spanning more than 220 countries, the GSMA unites nearly 800 of the world s mobile operators with 250 companies in the broader

More information

Individual card solutions and flexible concepts globally usable. The whole world of efficient loyalty and payment programmes

Individual card solutions and flexible concepts globally usable. The whole world of efficient loyalty and payment programmes Individual card solutions and flexible concepts globally usable The whole world of efficient loyalty and payment programmes Our solutions at a glance easycash Loyalty Solutions offers all solutions and

More information

Who Are The Parties Involved In Credit Card Processing?

Who Are The Parties Involved In Credit Card Processing? Who Are The Parties Involved In Credit Card Processing? Often one of the hardest and most frustrating things that a business owner must encounter when starting and running a business is choosing the right

More information

Friday, June 5, 2015 3:15 p.m.

Friday, June 5, 2015 3:15 p.m. MCUL & Affiliates 2015 Annual Convention and Exposition Mobile Payments Greatest Opportunity or Biggest Threat? Amy Smith, AAP, CAE President & CEO The Payments Authority Friday, June 5, 2015 3:15 p.m.

More information

IOT for Automotive and Transport Challenges and Opportunities

IOT for Automotive and Transport Challenges and Opportunities IOT for Automotive and Transport Challenges and Opportunities Etisalat Group Afghanistan Pakistan Morocco Egypt KSA UAE Mauritania Mali Niger Nigeria Sudan Ivory Coast, Burkina-Fasso, Benin,Togo Gabon

More information

Emerging gtrends and Innovation in Payments

Emerging gtrends and Innovation in Payments Emerging gtrends and Innovation in Payments Introduction & Agenda Transaction Network Services is the strategic partner driving payments behind the Civica ICON solution Some headline facts about TNS: We

More information

2012 GLOBAL PREPAID SIZING STUDY, COMMISSIONED BY MASTERCARD: A LOOK AT THE POTENTIAL FOR GLOBAL PREPAID GROWTH BY 2017

2012 GLOBAL PREPAID SIZING STUDY, COMMISSIONED BY MASTERCARD: A LOOK AT THE POTENTIAL FOR GLOBAL PREPAID GROWTH BY 2017 2012 GLOBAL PREPAID SIZING STUDY, COMMISSIONED BY MASTERCARD: A LOOK AT THE POTENTIAL FOR GLOBAL PREPAID GROWTH BY 2017 Significant prepaid growth is expected at an annual rate of 22% through 2017 Meeting

More information

Community Financial Institution EMV Readiness

Community Financial Institution EMV Readiness Community Financial Institution EMV Readiness EMV is a trademark owned by EMVCo LLC 2014 First Data Corporation. All Rights Reserved. Copyright 2014 First Data Corporation EMV Timeline 2011: EMV technology

More information

EZ-Link Pte Ltd - A Contactless Smart Card Business Beyond Transport

EZ-Link Pte Ltd - A Contactless Smart Card Business Beyond Transport EZ-Link Pte Ltd - A Contactless Smart Card Business Beyond Transport Transport Ticketing 2010 28 Jan 2010 AVP, Finance & Admin Jocelyn Luo EZ-Link in Singapore Business Structure Parent Company Approved

More information

Western Union Digital Ventures

Western Union Digital Ventures Western Union Digital Ventures Khalid Fellahi, Senior Vice President, Western Union Digital Barclays Emerging Payments Forum March 29, 2012 Western Union Today 2011 revenue: $5.5B C2B: 12% Other: 2% B2B:

More information

Ramón Tellaeche Santander Cards

Ramón Tellaeche Santander Cards Ramón Tellaeche Santander Cards Disclaimer Banco Santander, S.A. ("Santander") cautions that this presentation contains forward-looking statements. These forward-looking statements are found in various

More information

New Media for Transit Opportunities and challenges

New Media for Transit Opportunities and challenges New Media for Transit Opportunities and challenges Jean COSTANTINI Oslo, Oct 2011 Transportation Systems Agenda Background Ticketing vs. payment NFC Google Wallet Bank cards Open questions 2 Thales, 40

More information

Global Potential for Prepaid Cards. Overview of Key Markets

Global Potential for Prepaid Cards. Overview of Key Markets Global Potential for Prepaid Cards Overview of Key Markets Edgar, Dunn & Company, 2014 Introduction to Edgar, Dunn & Company Edgar, Dunn & Company, 2014 Edgar, Dunn & Company Edgar, Dunn & Company (EDC)

More information

ACQUIRER OR ACQUIRING BANK A financial institution (often a bank) where a merchant has an account to process transactions and card payments

ACQUIRER OR ACQUIRING BANK A financial institution (often a bank) where a merchant has an account to process transactions and card payments A TO Z JARGON BUSTER A ACQUIRER OR ACQUIRING BANK A financial institution (often a bank) where a merchant has an account to process transactions and card payments ATM Automated Teller Machine. Unattended,

More information

Background. excerpt from the October 2012, World Bank Publication Innovations in Retail Payments Worldwide a snapshot

Background. excerpt from the October 2012, World Bank Publication Innovations in Retail Payments Worldwide a snapshot The role of Inter-operability and access to National Payments System in promoting innovations in retail payments findings from the World Bank survey on innovations in retail payments 1 This note has been

More information

Oberthur Technologies. A Technology Leader

Oberthur Technologies. A Technology Leader Oberthur Technologies A Technology Leader Olivier Prestel, Managing Director Identity Business Unit Oberthur Technologies Identity BU 16 April 2014 1 Agenda Oberthur Technologies: a technology leader A

More information

Telecom. Mobile Commerce Platform for. Increase ARPU Increase ROI Increase Customer Value

Telecom. Mobile Commerce Platform for. Increase ARPU Increase ROI Increase Customer Value Mobile Commerce Platform for Telecom Maximize Revenue. Secure. Convenient. Affordable Mobetize offers the only integrated secure mobile commerce platform for telecom companies designed to maximize your

More information

THE FIVE Ws OF EMV BY DAVE EWALD GLOBAL EMV CONSULTANT AND MANAGER DATACARD GROUP

THE FIVE Ws OF EMV BY DAVE EWALD GLOBAL EMV CONSULTANT AND MANAGER DATACARD GROUP THE FIVE Ws OF EMV BY DAVE EWALD GLOBAL EMV CONSULTANT AND MANAGER DATACARD GROUP WHERE IS THE U.S. PAYMENT CARD INDUSTRY NOW? WHERE IS IT GOING? Today, payment and identification cards of all types (credit

More information

White paper. Focus on value added services by network companies a paradigm shift. Rahul Kaushal, Ramakant Mittal

White paper. Focus on value added services by network companies a paradigm shift. Rahul Kaushal, Ramakant Mittal White paper Focus on value added services by network companies a paradigm shift Rahul Kaushal, Ramakant Mittal Introduction Network association is the most critical player in the payment card industry.

More information

The EMV Readiness. Collis America. Guy Berg President, Collis America berg@collisamerica.com +1 651 925 5411

The EMV Readiness. Collis America. Guy Berg President, Collis America berg@collisamerica.com +1 651 925 5411 The EMV Readiness Collis America Guy Berg President, Collis America berg@collisamerica.com +1 651 925 5411 1 Collis Solutions & Markets Finance Consultancy Card Payments SEPA Financial Risk Mgmt Test Tools

More information

From Dumb Wallets to Smart Phones

From Dumb Wallets to Smart Phones From Dumb Wallets to Smart Phones 1 MOBILE PHONE ARCHITECTURES FOR FARE SYSTEMS MARTIN P. SCHROEDER, P.E. CHIEF TECHNOLOGY OFFICER AMERICAN PUBLIC TRANSPORTATION ASSOCIATION Mobile Phone Application Features

More information

VisaNet. The technology behind Visa

VisaNet. The technology behind Visa VisaNet The technology behind Visa Fifty years ago, Visa had a vision: To provide consumers, businesses and governments around the world with a better form of payment. The technology behind this vision

More information

functions and components can be selected and set up at any time by a product engineering team.

functions and components can be selected and set up at any time by a product engineering team. Way4 Way4 Switch, Way4 Card and Merchant Management and Way4 EMV Card Personalisation are fault-tolerant open platform software solutions with proven EMV Issuing, Personalisation and Acquiring capabilities.

More information

INSTANT ISSUANCE CASE STUDY. GreenBank Instantly Issues Unembossed MasterCard Debit Cards Pilot Metrics Lead to 52 Branch Launch

INSTANT ISSUANCE CASE STUDY. GreenBank Instantly Issues Unembossed MasterCard Debit Cards Pilot Metrics Lead to 52 Branch Launch INSTANT ISSUANCE CASE STUDY GreenBank Instantly Issues Unembossed MasterCard Debit Cards Pilot Metrics Lead to 52 Branch Launch February 2011 TABLE OF CONTENTS The Challenge... 3 The Solution... 4 Pilot

More information

leads European card processing into an exciting new age with CSC by its side

leads European card processing into an exciting new age with CSC by its side SiNSYS leads European card processing into an exciting new age with CSC by its side SiNSYS is Europe s undisputed leader in cross border card processing today. It is the only interbanking company offering

More information

Infosys Mobile Payment Services

Infosys Mobile Payment Services Banking Sourcing Vendor Profile of: Infosys Mobile Payment Services 1. Background... 1 2. Revenue Summary... 2 3. Key Offerings... 3 4. Delivery Capability and Partnerships... 6 5. Target Markets... 7

More information

ACI SELF-SERVICE BANKING

ACI SELF-SERVICE BANKING DELIVERS CONTROL, CHOICE AND FLEXIBILITY PRODUCT FLYER ACI SELF-SERVICE BANKING SINGLE INTEGRATED PLATFORM FOR ONLINE, MOBILE AND VOICE EXTENSIBLE REAL-TIME CONSUMER AND BUSINESS TRANSACTIONS AND PAYMENTS

More information

Making Cloud-Based Mobile Payments a Reality with Digital Issuance, Tokenization, and HCE WHITE PAPER

Making Cloud-Based Mobile Payments a Reality with Digital Issuance, Tokenization, and HCE WHITE PAPER Making Cloud-Based Mobile Payments a Reality with Digital Issuance, Tokenization, and HCE WHITE PAPER Why Cloud-Based Mobile Payments? The promise of mobile payments has captured the imagination of banks,

More information

Your Reference Guide to EMV Integration: Understanding the Liability Shift

Your Reference Guide to EMV Integration: Understanding the Liability Shift Your Reference Guide to EMV Integration: Understanding the Liability Shift UNDERSTANDING EMV EMVCo was formed in February 1999 by Europay, MasterCard and Visa to establish and maintain global interoperability

More information