Published Date: March 2013 Innovation in Payment Systems: The Emergence of Contactless Cards and Payments Industry Price: Single User: US $ 3495 Corporate User: US $ 6990 No. of Pages: 80

Contactless payments are being promoted by payment providers without necessarily being demanded by consumers. Aimed at displacing cash, which is generally disliked by merchants and financial institutions due to the costs of handling it (including security), contactless payments face strong competition from increasingly popular Chip and PIN debit card payments. Although contactless cards are the short-term future for low-value payments, they will over time converge with mobile handsets. Innovators such as Google and Apple have already launched NFC-enabled devices, and other mobile handset manufacturers will follow when acceptance of contactless mobile payments broadens. Many of the trials underway in various countries have been instigated by Visa and MasterCard. Mainly located in large conurbations, Visa payWave and MasterCard PayPass adhere to international standards, and both schemes are open loop, meaning that cards can be used in a wide range of retail outlets, and not just for payment for public transport or where proprietary readers are installed. Much of the trial activity is taking place in Europe, seen as the next region for growth in contactless payments. UK card providers have been the most proactive in the region in terms of card issuance, with over 19.6 million contactless cards in circulation at the start of New Market Research Report on “Contactless Cards and Payments Industry” added to ReportsnReports.com Request a sample of this

The report provides market analysis, information and insights into contactless card payments including: Current and forecast analysis of the contactless cards market, including previous and future market growth Comprehensive analysis of the industry’s market attractiveness and future growth areas Analysis of various market drivers and regulations governing the global contactless payments industry Detailed analysis of the marketing strategies adopted by key players globally in order to increase the volume of contactless payments Comprehensive analysis of contactless payments through cards and mobile handsets Key challenges facing the contactless payments market in various regions of the world and profiles of key players in the industry Scope This report provides a comprehensive analysis of the contactless payments industry across the world It provides current values and forecast analysis of contactless payments market size for 2012 and 2017 It details the different infrastructural, consumer and business drivers affecting the contactless payments market globally It outlines the current regulatory framework in the industry It details the marketing strategies used by various key players, including banks and card issuers across the world It provides case studies of contactless payments systems in various countries Global Power Survey Market Trends, Buyer Spend and Procurement Strategies in the Global Power Industry Buy a copy of this

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