the payments crystal ball: predicting the future of mobile, cards & the industry as a whole
DESCRIPTION
CreditCall CEO Peter Turner discusses the perpetual changes in the payments landscape that we have and will see in the future. With technology moving at such a rapid pace, there’ll always be innovation and trends that will continue upward, but how will the technology keep up? What will be the most efficient and lowest cost way of moving money from an individual account into a merchant’s account? The industry as a whole will continue to look for ways to make other payment methods much faster. This presentation looks at the challenges faced and the tech landscape as a whole to find the solutions that are being implemented and can stand the test of time.TRANSCRIPT
The Payments Crystal Ball
Peter Turner CEO, Creditcall Cartes America 2014, May 13-15
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Industry Statistics Futures Consumer Mindset Technology Evolution
key
INDICATORS
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2,000,000,000 people using Smartphones by 2015
Source: eMarketer Worldwide Mobile Phone Users H1 2014 Forecast and Comparative Estimates
smartphone
USERS
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annual non-cash
TRANSACTIONS
333 Billion Source: Capgemini/RBS World Payment Report 2013
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transaction
VALUE
$21 Trillion Source: The Nilson Report August 19th 2013
Global Credit, Debit, and Prepaid Card Fraud Losses Reached $11.27 Billion in 2012 The Nilson Report
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industry
FEES
$420 Billion
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mobile
TECHNOLOGY
? 1974 2014 2024
§
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communications
TECHNOLOGY
? 1974 2014 2024
300b/sec 150mb/sec
x 500,000
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communications
SPEED
1.4 Terabits/s = 44 HD MOVIES/SECOND
§
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card
TECHNOLOGY
? 1974 2014 2024
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customers
Know exactly what they want to buy or Know the type of product they want to buy
or Just generally want to be involved
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SmartPhone
Payment
Influence
App Developer
Intelligent Gateway
Global Card
Infrastructure
Bank/Processor
Merchant
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“Developments in mobile technology will
make the 18 year-olds of 2024 ‘a different digital species to anything we know or can conceive of today’, with the potential for a new creativity the realisation of which will
require a society ‘more comfortable with experimentation’. NORMAN LEWIS Director of Technology Research, Orange
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forget the
TECHNOLOGY
identify a
NEED
TRY IT
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If you have any questions:
Come and see us at booth #1615
or visit www.creditcall.com/ChipDNA
Peter Turner
CEO