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Friday, May 4, 2012

Payments by the numbers

Following are research highlights from recently released payments industry reports.

Compass Plus paper discusses EMV migration

A Compass Plus white paper, Making EMV Work Across New Markets, discusses the growth of Europay/MasterCard/Visa (EMV) as a global payment standard and offers best practices for making the switch as financial institutions in the United States begin migration under mandates established by the major card brands.

According to the paper, 42 percent of all global payment cards and nearly 76 percent of all terminals currently use the EMV payment standard. The paper offers guidelines for EMV implementation, which include deploying innovative tools to leverage existing infrastructures, shoring up security across card-non-present channels and viewing EMV as a long-term commitment.

"Although EMV will provide significant long-term benefits for U.S. financial institutions and cardholders, the migration phase could suffer setbacks if not handled correctly," said Anthony Genovese, Vice President Consulting Service at Compass Plus.

"EMV should be integrated into the overall payment infrastructure and considered as a platform for numerous fraud-fighting tactics as well as for value-added services; it should not be treated as a standalone solution in order to reap the full range of benefits it has to offer," Genovese noted.

To download the white paper, visit www.compassplus.com/collateral/whitpapers/279 .

Apriva paper targets home services businesses

Apriva LLC released a white paper on leveraging wireless card payments titled, Wireless Payments Processing for Home Services Businesses: The Many Benefits of Card-Present Payments. Authored by the research firm Frost & Sullivan, the paper provides an overview of factors that determine the varying interchange rates and suggests strategies home services businesses can implement to reduce interchange rates and improve customer service.

"Ensuring cardholder privacy and data security is the overriding factor for card brands when determining interchange rates for merchants," said Stacey Finley Tappin, Apriva Vice President Sales and Marketing. "The Frost & Sullivan white paper provides home services merchants with an excellent synopsis of the factors that impact interchange rates and describes in detail how technologies like made-for-purpose terminals and smartphone apps can significantly reduce payment processing costs."

To request an electronic copy of the white paper, email Apriva at marketing@apriva.com .

B2C e-commerce in North America assessed

Research and Markets issued the North America B2C E-Commerce Report 2012 by market research firm yStats.com. The report analyzes current business-to-consumer (B2C) e-commerce trends in the United States and Canada. B2C e-commerce in North America is expected to generate declining percentages of total global revenue through 2013, eclipsed by Asia and Europe as dominant regions for growth. By 2015, B2C e-commerce is projected garner 10 percent of total global retail revenue.

While the U.S. market is predicted to remain strong due to ongoing adoption of mobile and social commerce, as well as the strength of digital content and subscriptions, the report suggests Canadian retailers, slower to embrace B2C e-commerce, will continue to lag behind the United States in this sector.

For more information and to order a copy of the report, visit www.researchandmarkets.com/product/81b0ea/north_america_b2c_ecommerce_report_2012 . end of article

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