Opinion on Debit Cards

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Type Product title / description Pub Price
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Loyalty to go card-linked in 2014

The payment card loyalty market is saturated, and banks' resources stretched in offering competitive rewards packages. Providers cannot profitably offer more, but they can provide better offers through use of data and card-linked marketing.

Published By Datamonitor
29 Jan 2014
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Google's new Save to Wallet feature could have a significant impact on the industry

Google recently announced the expansion of its Google Wallet offering with the release of Save to Wallet, a new digital wallet facility. The service, which is designed to enhance the way in which consumers store their card details and use rewards and offers from merchants, signals a noteworthy development that may help to shape the future of mobile payments.

Published By Datamonitor
10 Jul 2012
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Security concerns unwelcome but lack of promotion also acts as a barrier to contactless adoption

NFC-enabled handsets can be adapted to take data from Barclays-issued Visa cards, allowing fraudsters to make purchases on websites that do not ask for secure data such as the CVV code. This is a wake-up call for Barclays that it must secure these data, possibly via encryption. After this, issuers must do more to promote the safety and benefits of contactless cards in order to boost adoption.

Published By Datamonitor
03 Apr 2012
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Visa's decision not to mandate chip and PIN for US EMV transactions to boost its implementation

Visa has clarified that EMV migration does not mean chip and PIN will be mandated in the US. Due to the wider usage of online payment processing, the need for chip and PIN is reduced, and Visa will support a range of authentication procedures. This approach may help to ease concerns over cost, potentially speeding up implementation, but issuers will not benefit from a shift in liability for fraud.

Published By Datamonitor
26 Jan 2012
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Banorte targets the underbanked in Mexico using its new mobile-based program

Mexican bank Banorte has announced plans to launch a mobile-based financial services program aimed at consumers currently without access to banking services in the country. The scheme will combine a deposit account with the bank alongside a MasterCard debit card, and can be opened online. Other features include the ability to send funds from one account to another using only a mobile phone.

Published By Datamonitor
25 Jan 2012
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Card issuance boom runs against increasing popularity of mobile payments in Kenya

Mobile payments in Kenya have shown formidable growth over the past few years and are set to rapidly become the largest payment system in the country. Despite a sudden flurry of new debit cards issued in 2011, showing that there is still life in the payment cards market, mobile payments are set to overtake card payments by mid-2013 at the current rate of growth.

Published By Datamonitor
11 Jan 2012
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Brazil's consumers embrace cash-free payments

Despite fewer merchants adopting point-of-sale terminals to process transactions and a rapidly expanding ATM network, Brazil's consumers are embracing cashless payments at an ever-increasing rate. Businesses operating in Brazil would be well advised to embrace the latest payment technology to exploit both its popularity and added security.

Published By Datamonitor
23 Nov 2011
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Visa and ViVotech: modernizing US card payments

California-based ViVotech is launching a new generation of point-of-sale terminal in an attempt to entice US merchants into embracing EMV and contactless transactions. Combined with Visa's plans to introduce its TIP to the US, there is now both the technology and commercial encouragement required to finally modernize American card payments.

Published By Datamonitor
13 Sep 2011
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Metro Bank, day one: new player stirs up the competition, but will it stick around?

Metro Bank opened its first branch in London on July 29, to a significant amount of press and media attention. The firm is hoping to shake up UK banking, and it is certainly putting the likes of Barclays on edge. With uncompetitive rates and a limited target market, however, Datamonitor wonders whether the company's gimmicks will be enough to ensure its success.

Published By Datamonitor
30 Jul 2010
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Visa announces UK contactless rollout ahead of schedule, but the market still faces numerous hurdles

Visa Europe recently announced that the number of its PayWave cards in issue is growing more quickly than expected, and claimed that there will be further growth as more issuers enter the contactless space. While this is a positive sign, overall card numbers are still comparatively low, while merchant acceptance remains very weak: the market is far from reaching a tipping point.

Published By Datamonitor
09 Jul 2010

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