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The Green Sheet Online Edition

January 09, 2012 • Issue 12:01:01

Payment predictions for 2012

Prognostication goes with New Years like fruit-cake goes with Christmas - many people don't like it, but many others find value in attempting to divine the future. However, even the best predictions, like the best fruitcakes, go stale quickly. With this in mind, here are some 2012 payment predictions:

Contactless

2012 will be the tipping point for mainstream contactless adoption, Visa Europe predicts. Visa Europe's Contactless Barometer study found consumers like contactless payments, but contactless POS terminal deployment is not keeping pace with the market. To see the report, please visit www.visaeurope.com/en/newsroom/news/articles/2011/contactless_barometer.aspx.

Security

More mobile threats, hacktivism, social-media exploitation and targeted attacks in 2012 are predicted by McAfee Labs, a division of Intel Corp.'s wholly owned security technology company McAfee Inc. Specifically it foresees:

  • Industrial threats will mature and segment.
  • Embedded hardware attacks will increase.
  • Hacktivism and the groups such as Anonymous will continue to grow and evolve.
  • Virtual currency systems will be under increasing attacks.
  • 2012 will find much more focus on cyber war.
  • More legitimate advertisers will use techniques developed by spammers to reach consumers.
  • Consumer trust will be an issue when more rogue certificates and rogue certificate authorities are discovered.

For further information, go to www.mcafee.com/us/resources/reports/rp-threat-predictions-2012.pdf?cid=WBB047.

Infrastructure

There will be "fundamental shifts in payment transaction origination and acceptance in the United States," predicts a new Mercator Advisory Group report titled Moving Parts: EMV, glos NFC and Contactless Deployment in the U.S.

For more details, see www.mercatoradvisorygroup.com/index.php?doc=Emerging_Technologies&action=view_item&id=682&catid=5.

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