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Table of Contents

Lead Story

Advice for prepaid pros

News

Industry Update

Summary judgments sought in 'Wal-Mart case' sequel

Global mobile payments to reach $945 billion by 2015

Earnings indicate strong payments industry

Features

Going global: Tips for merchants on expanding to international markets

Shane Fitzpatrick
Chase Paymentech Solutions LLC

Mobile payments head to the cloud

Doug Dwyre
Mocapay

Selling Prepaid

Prepaid in brief

Openbucks provides uplift for prepaid

Prepaid's role in defining financial services

Views

U.S. transit agencies buy contactless systems

Michael Simon
Smart Systems Innovations LLC

2012: The year mobile payments go mainstream?

Patti Murphy
ProScribes Inc.

Education

Street SmartsSM:
Integrity and ethics from day one

Bill Pirtle
C3ET Credit Card Consortia for Education & Training Inc.

Section 6050W relief doesn't mean compliance is voluntary

Troy Thibodeau
Convey Compliance Systems Inc.

Innovate or perish

Dale S. Laszig
Castles Technology Co. Ltd.

Good talent is hard to find

Jeff Brodsly
Chosen Payments

The cost of cyber attacks

Nicholas Cucci
Network Merchants Inc.

PCI: Target or shield

Steve Robb
ControlScan Inc.

Company Profile

Street Savings

New Products

A new layer in cloud payments

linked2pay
Transmodus Corp.

Inspiration

What defines success?

Miscellaneous

2011/2012 Calendar of events

Departments

Forum

Resource Guide

Datebook

A Bigger Thing

The Green Sheet Online Edition

November 28, 2011  •  Issue 11:11:02

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Global mobile payments to reach $945 billion by 2015

Surveys of more than 50,000 consumers in 50 countries that collectively account for more than 80 percent of the world's mobile subscribers indicate mobile payment transactions will amount to $945 billion by 2015 - a compound annual growth rate (CAGR) of 98 percent.

The IE Market Research Third Quarter 2011 Global & Regional Mobile Payments Market Forecast was released in September 2011 and was supplemented in November 2011 with closer looks at regional markets. The regional reports include data on mobile payments in New Zealand, Canada, Taiwan, Denmark, Austria, the United States, Mexico, the United Kingdom and Eastern Europe, among others.

IEMR Vice President of Research Nizar Assani said the report also includes information on large, emerging markets such as India and China. He noted the importance of mobile payments is confirmed by the commitment of the major card companies to mobile payment technology.

"A lot of merchants are using mobile payments," Assani said. "With NFC [near field communication] particularly we are seeing the time to transaction declining. This is something consumers and merchants want to happen as much as possible.

"We are forecasting on a global level the total volume of transactions going to $945 billion by 2015. This means the market is growing by nearly 100 percent a year."

Forecast highlights

Here are some conclusions drawn from the forecast:

Survey statistics indicate consumers are not ready to use mobile devices for money transfers on a large scale. The report predicts most mobile money transactions will not be mobile-to-mobile but, rather, mobile-to-cash, requiring the physical delivery of the cash.

For additional news stories, please visit www.greensheet.com and click on "Read the Entire Story" in the center column below the latest news story excerpt. This will take you to the full text of that story, followed by all other news stories posted online.

Notice to readers: These are archived articles. Contact names or information may be out of date. We regret any inconvenience.

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Spotlight Innovators:

North American Bancard | USAePay | Super G Capital LLC | Humboldt Merchant Services | Impact Paysystems | Electronic Merchant Systems