2012 is just around the corner and we would like to thank all our customers and suppliers for their continued trust and loyalty over the past year.
It might not have been the easiest of years for many but definitely one of the most innovative for our industry. With mobile payments and NFC having taken centre stage in 2011, 2012 will see a lot of our own contactless kernels deployed worldwide, together with our End-to-End Encryption solution, making for safer card payment environments. With Visa announcing plans for the US to migrate to EMV, we will bring 10 years of EMV experience and expertise to the USA, contributing to the global deployment of Chip and PIN.
The UK Card Association released new figures highlighting the dramatic decrease in fraud losses on UK cards and online bank accounts compared to the previous year. However, cheque fraud and fraud on phone banking accounts has increased over the same period.
While the CreditCall card processing network remains unaffected, Merchants connecting to the internet via BT Broadband for card authorisations have experienced outages.
According to the BBC, BT Broadband is down affecting customers across the UK. Please check the BT website to see if your area is affected & contact BT Customer Care via Twitter @BTCare directly .
According to Tim Webber, Business and Technology editor, BBC News Interactive “BT confirms to us that an issue at a major exchange in Birmingham is causing problems for broadband customers across the country.”
The latest contactless payments report from Deutsche Bank is out. Despite concentrating on the German contactless payments market, it gives a good outlook in what’s to come.
Areas covered in the report:
- “Chicken-and-egg” dilemma between merchant investment into new technology and consumer uptake
- Credit and debit cards to go contactless, German saving banks (Sparkassen) planning to equip all 45m debit cards with NFC chips by 2015
- Over 20 million contactless cards in the UK by the end of 2011 according to Visa Europe
- Consumers reserved towards new payments methods
- Contactless vs. cash
- Contactless vs. mobile payments or mobile contactless payments?*
- Reduced entry barriers through increasing smartphone penetration
- The smartphone as mobile wallet: accept credit and debit cards , coupons, loyalty schemes, etc.
An estimated one billion payment cards with contactless capabilities will be shipped globally in 2016, up from just 170 million in 2010 according to ABI Research. This includes EMV dual interface cards and the non-EMV pure contactless push in the US.
Smart card shipments, which include not only contactless payment cards, but also EMV and non-EMV payment cards, will reach one billion during 2011. ABI Research forecasts that smart card shipments will overtake mag-stripe card shipments by 2015.
