Thursday, November 10, 2011

Spain Mobile Payment Market: Gross Transaction Value to Rise to $15 Billion in 2015


November 10, 2011 07:55 AM Eastern Time 
DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of IE Market Research Corp.'s new report "3Q.2011 Spain Mobile Payment Market Forecast 2009 - 2015: Gross transaction value of mobile payments in Spain to rise to $15 billion in 2015" to their offering.
“3Q.2011 Spain Mobile Payment Market Forecast 2009 - 2015: Gross transaction value of mobile payments in Spain to rise to $15 billion in 2015”
Spain Mobile Payment Market Forecast provides a comprehensive forecast of Spain's mobile payment market. We cover annual forecasts of mobile payment users; mobile payment transactions by technology (such as NFC, SMS, WAP, USSD); and mobile payment transactions by type of purchase (such as merchandise, digital products, ticketing, mobile money transfers, bill payments, and pre-paid top-ups). The report is based on Global Consumer Telecommunications Survey-- which covers 50,000 mobile users in 50 markets globally and is the most extensive country-specific forecasts of its kind.
This report will be useful to:
  • Strategists and analysts at mobile phone operators and banks/credit card companies responsible for mobile payment strategy development and business analytics
  • Developers of mobile payment systems at handset manufacturers
  • Device manufacturers in all areas of the telecommunications market that need strategy recommendations on key trends in the global mobile payment industry
  • Financial analysts and portfolio managers covering firms in the mobile payment market
  • Consultants advising their clients on mobile payment markets
  • Researchers who need to gain a better understanding of the global mobile payment market
Key Topics Covered:
Series Covered in this Country Forecast, 2009 - 2015
Mobile Payment Users (millions)
Mobile Payment Transactions by Technology (millions)
Mobile Payment Transactions by User Case (millions)
Gross Transaction Value for Mobile Payments by User Case ($ millions)
Average Transaction Size of Mobile Payments by User Case ($)
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South and Central America Mobile Payment Market: Gross Transaction Value to Rise to $46 Billion in 2015


November 10, 2011 08:00 AM Eastern Time 

Research and Markets: 3Q.2011 South and Central America Mobile Payment Market Forecast 2009 - 2015: Gross Transaction Value to Rise to $46 Billion in 2015

DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of IE Market Research Corp.'s new report "3Q.2011 South and Central America Mobile Payment Market Forecast 2009 - 2015: Gross transaction value of mobile payments in Latin America to rise to $46 billion in 2015" to their offering.
“3Q.2011 South and Central America Mobile Payment Market Forecast 2009 - 2015: Gross transaction value of mobile payments in Latin America to rise to $46 billion in 2015”
South and Central America Mobile Payment Market Forecast provides a comprehensive forecast of the regional and country-specific mobile payment markets. The countries covered are Argentina, Brazil, Chile, Colombia, Mexico, and Peru.
We cover annual forecasts of mobile payment users; mobile payment transactions by technology (such as NFC, SMS, WAP, USSD); and mobile payment transactions by type of purchase (such as merchandise, digital products, ticketing, mobile money transfers, bill payments, and pre-paid top-ups). The report is based on Global Consumer Telecommunications Survey-- which covers 50,000 mobile users in 50 markets globally and is the most extensive country-specific forecasts of its kind.
This report will be useful to:
  • Strategists and analysts at mobile phone operators and banks/credit card companies responsible for mobile payment strategy development and business analytics
  • Developers of mobile payment systems at handset manufacturers
  • Device manufacturers in all areas of the telecommunications market that need strategy recommendations on key trends in the global mobile payment industry
  • Financial analysts and portfolio managers covering firms in the mobile payment market
  • Consultants advising their clients on mobile payment markets
  • Researchers who need to gain a better understanding of the global mobile payment market
Key Topics Covered:
Series Covered for each country and the region, 2009 - 2015
Mobile Payment Users (millions)
Mobile Payment Transactions by Technology (millions)
Mobile Payment Transactions by User Case (millions)
Gross Transaction Value for Mobile Payments by User Case ($ millions)
Average Transaction Size of Mobile Payments by User Case ($)
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First Data's October 2011 SpendTrend®


First Data Releases October 2011 SpendTrend®

Card Spending Growth Remained Strong in October

ATLANTA--(BUSINESS WIRE)--First Data Corporation, a global leader in electronic commerce and payment processing, today released its First Data SpendTrend® analysis for the full month of October 2011 compared to October 2010. SpendTrend tracks same-store consumer spending by credit, signature debit, PIN debit, EBT cards and checks at U.S. merchant locations.
“Both transaction growth and credit card spending were up significantly; indicating consumers are increasingly disposed to spending heading into the crucial holiday season.”
In October, dollar volume growth held steady at 9.4% versus September’s growth of 9.5%. Overall transaction growth improved to 7.5% in October from 7.1% in September. Inflation continued to be evident in the food sector as Food/Beverage Stores posted average ticket growth of 2.3% for the second consecutive month.
“Consumers continued to spend in October,” said Silvio Tavares, SVP and division manager of First Data Global Information and Analytics Solutions, which publishes SpendTrend. “Both transaction growth and credit card spending were up significantly; indicating consumers are increasingly disposed to spending heading into the crucial holiday season.”
Oct. Transaction Growth
   
CHANGE
         
Oct. Dollar Volume Growth
   
CHANGE
Credit+9.9%Credit+10.2%
Signature Debit+6.3%Signature Debit+7.6%
PIN Debit+7.4%PIN Debit+9.9%
Check-10.8%Check-12.1%
Note: All transactions are same-store growth.
To access the full SpendTrend analysis, visit www.firstdata.com/infoanalytics or call SpendTrend Customer Care at 800-430-0169. A supplementary podcast including further analysis of the SpendTrend October 2011 report is available here.
To participate in the SpendTrend conversation, please follow First Data at http://twitter.com/FirstData and join us athttp://on.fb.me/spendtrend.
Around the world, every second of every day, First Data makes payment transactions secure, fast and easy for merchants, financial institutions and their customers. First Data leverages its vast product portfolio and expertise to drive customer revenue and profitability. Whether the choice of payment is by debit or credit card, gift card, check or mobile phone, online or at the checkout counter, First Data takes every opportunity to go beyond the transaction.
First Data SpendTrend, a macro-economic indicator, is based on aggregate same-store sales activity in the First Data Point of Sale Network. First Data SpendTrend does not represent First Data’s financial performance.
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Discover Cardmembers Enjoy 5% Cashback Bonus® on Fashion and Restaurants...more for Holiday Season


Discover Spreads Holiday Cheer by Providing More Value to Cardmembers This Holiday Season
Cardmembers Enjoy 5% Cashback Bonus® on Fashion and Restaurants, Increased Cashback Bonus Offers from Top Online Retailers, and the Option to Pay with Cashback Bonus on Amazon.com

RIVERWOODS, Ill.--(BUSINESS WIRE)--It’s that time of year again when Discover rewards its loyal cardmembers with more Cashback Bonus® opportunities to help save money during the holiday season.
“Our cardmembers will receive more value from their holiday shopping when they use their Discover cards this season. They can take advantage of rewards by earning extra Cashback Bonus through ShopDiscover, paying with Cashback Bonus on Amazon.com, or redeeming it for high-value partner gifts cards.”
Discover is starting its gift-giving early this year as the company recently announced a new program with Amazon.com that offers cardmembers Double (2%) Cashback Bonus on up to $250 in purchases each billing period through the end of 2011 at Amazon.com. Discover cardmembers can also pay with Cashback Bonus directly at check-out when they link their card to their Amazon account. This new option allows cardmembers to use their rewards – in a dollar-for-dollar exchange – to get millions of items, when they want them, without having to leave the Amazon site.
Other ways Discover is rewarding cardmembers with clear value this holiday season include:
“Since 1986, Discover has awarded more than $8 billion in Cashback Bonus to cardmembers, and the holiday season is a great time to thank them for their loyalty,” said Dana Traci, vice president of rewards and product management at Discover. “Our cardmembers will receive more value from their holiday shopping when they use their Discover cards this season. They can take advantage of rewards by earning extra Cashback Bonus through ShopDiscover, paying with Cashback Bonus on Amazon.com, or redeeming it for high-value partner gifts cards.”
To learn more about these Cashback Bonus opportunities, visit Discover.com/cashbackbonus.
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Tabbedout Continues Expansion; Brings Mobile Payment to Seattle


Consumers can now pay tabs with their phones in local bars and restaurants

SEATTLE--(BUSINESS WIRE)--Seattle residents no longer have to worry about leaving a credit card at a bar or waiting to close their tab. Tabbedout, the mobile payment solution that enables customers to pay their bar or restaurant tab with their phone, has launched service in nearly 30 locations throughout Seattle, with more locations coming soon. Seattle is the latest market in which this Austin, TX-based company has expanded service.
“Tabbedout has resonated with our guests by providing an easy and interesting way to monitor and close their tabs when they prefer”
Available for free on both iPhone and Android smartphones, the Tabbedout app was built by security experts who understand the value of a good time. Tabbedout allows users to store credit or debit card information directly on their phone, encrypted and under passphrase protection, instead of on host servers or in “the cloud.” Seattle consumers are safe from the threat of stolen identity due to lost or forgotten credit cards since they now can open and pay their tab directly from their phone, without handing their payment information to a server.
In addition to security, Tabbedout users get the convenience of no longer having to wait in line while closing their tab. They can simply pay from their phone whenever they want, wherever they want Tabbedout allows customers to view a running tab of what they’ve ordered throughout the night, removing any buzz-kill surprises the next day.
“Tabbedout has resonated with our guests by providing an easy and interesting way to monitor and close their tabs when they prefer,” said Rich Fox, managing partner of Poquitos in Capitol Hill. “Interestingly, it has also brought an additional layer of interaction and familiarity between our staff members and Tabbedout users so that the overall experience has become more personal, rather than less so.”
Tabbedout also allows customers to share the party with their friends: the app is socially integrated, so customers can share their bar or restaurant experiences or “check-in” to venues via their Facebook, Twitter and Foursquare accounts without ever leaving the application.
“We want to make life easier—and more fun—for merchants and patrons alike, putting the consumer in control of how and when they pay. This gives merchants the freedom to focus on serving more people, especially during peak business hours,” said Rick Orr, Tabbedout CEO. “Seattle has a booming nightlife and the locals here embrace new technologies—it’s an ideal city for Tabbedout’s service.”
For a complete list of Tabbedout locations in Seattle or to download the app, visit tabbedout.com.
About Tabbedout
Tabbedout is the mobile payment solution that enables consumers to open, view and pay a bar or restaurant tab with their phone. Tabbedout makes mobile payment a simple and secure process that is widely available, so bars and restaurants can spend more time with their customers. The free Tabbedout mobile app for iPhone and Android lets consumers open a tab with their phone, view their tab in real-time and pay the tab anytime, anywhere, giving them control over how and when they pay. For more information, visit:http://www.tabbedout.com/ or contact sales@tabbedout.com to learn more about becoming a Tabbedout partner.
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CARTES Brings its Industry Leading Smart Card and Identification Event to North America in 2012


November 10, 2011 05:25 AM Eastern Time 
CARTES in North America will gather international payment, mobility and digital security experts in banking, retail, transportation, telecommunications and government
CARTES in North America 2012
LAS VEGAS--(BUSINESS WIRE)--The impact that smart cards, mobile payment applications, and new identification and secure access technologies hold in fostering new business growth and creating new industry sectors, will be on the main agenda at the CARTES in North America expo & conference. Scheduled for March 5-7, 2012 in Las Vegas, Nev., CARTES in North America will bring together international smart card, mobility and digital security experts to explore the latest technologies and market trends.
“We aim to be the place in North America the industry gathers to see the latest innovations in the market, exchange new ideas and make new business connections.”
Capitalizing on its 26 years of smart card event expertise in Europe with CARTES & IDentification, Comexposium is introducing its newest event featuring 10 educational sessions with more than 100 presenters and 100 exhibitors. The three-day event will address the topics, trends and technologies to facilitate new business in the large and dynamic North American market for innovative payment solutions, identification and digital security. Comexposium will launch the CARTES in North America conference at CARTES & IDentification in Paris on November 16 with a keynote presentation, “Payment Trends 2011 from Silicon Valley,” by Daniel Chatelain, managing director of The BayPay Forum, one of the event partners.
North America is the largest market worldwide for payment cards. According to The Nilson Report, the North American region (U.S. and Canada) generates more than 39% of all credit and debit card spending worldwide versus other regions, including Europe, Asia-Pacific, Middle East-Africa and Latin America. This 39 percent share translated to $3.732 trillion in spending at merchants in 2010. Near Field Communication is also a growing market for smart technologies including payment. Juniper Research predicts that North America will account for half of the almost 300 million NFC capable smart phones in the market by 2014. The firm also forecasts that NFC payments and retail marketing capability via coupons and smart posters will become common among smart phone users in Western Europe, North America and other developed regions.
“The announcement by Visa to accelerate EMV migration in the U.S. and the growth of NFC-based mobile payment with Google wallet and the ISIS project offer expanding business opportunities,” said Isabelle Alfano, event director of Cartes in North America. “We aim to be the place in North America the industry gathers to see the latest innovations in the market, exchange new ideas and make new business connections.”
CARTES in North America, produced by Comexposium, is endorsed by global and local partners such as the BayPay Forum, Eurosmart, GlobalPlatform, OATH, SIMalliance, Smart Payment Association, The Nilson Report and WIMA NFC USA. Exhibitors and sponsors include ABnote, 3M, CPI Card Group, HID, Oberthur, Renesas and Verifone.
“CARTES in North America will be the place for the industry to learn about new smart technology innovations and connect with new partners,” said Keith Goldstein, chief executive officer of U.S. Operations at ABnote. “As the gold sponsor, we look forward to bringing our global expertise in payments, ID, transit, loyalty and gift cards to this exciting new event.”
To exhibit or attend CARTES in North America, or for more information, visit, www.CARTES-northamerica.com.
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CreditCards.com: Weekly Credit Card Rate Report



AUSTIN, Texas, Nov. 9, 2011 /PRNewswire/ -- Interest rates on new credit card offers inched up this week for the first time in a month, according to the CreditCards.com Weekly Credit Card Rate Report.
The average is composed of 100 of the most popular credit cards in the country, including cards from dozens of leading U.S. issuers and representing every card category. Introductory (teaser) rates are not included in the calculation.
Rates for card categories tracked by CreditCards.com are listed below:
Credit Card Averages


Avg. APR
Last week
6 months ago
National Average
14.99%
14.98%
14.83%
10.73%
10.73%
10.73%
12.77%
12.77%
12.76%
13.13%
13.13%
12.91%
Student                                  
13.77%
13.77%
13.77%
14.44%
14.44%
14.24%
14.70%
14.65%
13.91%
14.70%
14.69%
14.40%
15.99%
15.99%
15.99%
24.96%
24.96%
24.96%
Source: CreditCards.com
Updated: 11-9-2011


The average annual percentage rate (APR) reached 14.99 percent, just one tenth of a percentage point shy of the national APR average record high, which was set in October.
This week's move was spurred by USAA, which increased the APR offered for its USAA World MasterCard. The interest rate was 8.90 percent to 25.90 percent; it is now 9.90 percent to 25.90 percent.
USAA wasn't the only one tweaking rates.  Another change in Libor -- the British equivalent of the U.S. federal funds rate -- prompted an APR increase for the Cabela's Club Visa, Cabela's Chief Financial Officer Kevin Werts said. The APR offered was 9.99 percent to 18.23 percent. It is now 9.99 percent to 18.24 percent.
The CreditCards.com credit card rate survey (permalink: http://www.creditcards.com/rate-report) is conducted weekly, using offer data from the leading U.S. card issuers' websites. Introductory offer periods and regular interest rates will vary with applicants' credit quality and issuer risk-based pricing policies.
About CreditCards.com
CreditCards.com is the leading online credit card marketplace connecting consumers with multiple credit card issuers, including a majority of the 10 largest in the United States, based on credit card transaction volume. CreditCards.com,http://www.creditcards.com, enables consumers to search for, compare and apply for credit cards and offers credit card issuers an online channel to acquire qualified applicants.
SOURCE CreditCards.com
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