Monday, November 28, 2011

Ink from Chase Enhances Rewards Program for Small Business Cardholders


November 28, 2011 09:00 AM Eastern Time 
Ink Bold Customers Can Earn Rewards Faster in Categories Designed for Small Business Owners
WILMINGTON, Del.--()--Today, Ink from Chase, the business card portfolio from Chase Card Services, a division of JPMorgan Chase & Co. (NYSE: JPM), unveiled a new rewards program for the Ink BoldSM card. The rewards program offers new customers rapid accumulation of points customized for the small business owner, featuring five points per dollar spent at office supply stores, telecommunication services and cable services, and two points per dollar spent on fuel and hotels. Ink Bold is Chase’s pay-in-full business charge card with no interest charges, designed for small business owners who want robust purchasing power and spending capacity that adjusts dynamically, giving them the purchase power needed to meet their businesses’ changing needs.
“We know how carefully small business owners manage their expenses. By offering increased point accumulation for office supplies, telecommunication services, fuel and hotels—expenses that are a daily part of life for most small businesses—we are able to make these expenses much more rewarding for our customers.”
“Just as we did with InkSM Classic and the Ink CashSM cards in the second quarter, we are now offering Ink Bold with an enhanced rewards program designed with the small business owner in mind,” said Richard Quigley, president of Ink from Chase. “We know how carefully small business owners manage their expenses. By offering increased point accumulation for office supplies, telecommunication services, fuel and hotels—expenses that are a daily part of life for most small businesses—we are able to make these expenses much more rewarding for our customers.”
With Ink Bold, the new points program will allow customers to earn points even more quickly:
  • Five points per dollar spent on the first $50,000 in annual spend at office supply stores, telecommunication services and cable services. Cable services include bundled services such as combined television, internet, phone and wireless service.
  • Two points per dollar spent on the first $50,000 in annual spend on fuel and lodging.
  • One point per dollar spent on all other card purchases, with no limits.
Ink from Chase customers have the option to redeem restriction-free travel, incredible experiences, gift cards, merchandise and cash through Ultimate RewardsSM, a world-class rewards program that offers virtually limitless opportunities to earn and redeem rewards. The Ink Bold card allows customers to earn an additional point per one dollar on travel booked through Chase’s Ultimate RewardsSM online travel booking tool. In addition, customers get 20% off travel when redeemed for airfare, hotels, car rental and cruises with no blackout dates or travel restrictions, plus they receive airport lounge access.
Originally launched in September 2009, the Ink Bold cards are accepted worldwide and offer numerous additional benefits, including:
  • Airport lounge access
  • No foreign transaction fees
  • Points do not expire
  • Free employee cards
  • Built-in security features
  • Unlimited 24/7 access to a team of business card specialists to handle service inquiries
Ink Bold is part of the Ink from Chase portfolio, which offers robust, flexible payment solutions and resources that meet the unique needs of small business owners. Solutions and resources allow for the creation of customizable reports and the ability to receive itemized monthly statements and quarterly management reports, as well as free access toJot SM. Jot is a free mobile application and online solution which saves small business owners time by enabling them to easily track, categorize and organize business expenses in real-time from their iPhone® and Android™ mobile devices or online. Ink customers can download Jot for iPhone at http://www.apple.com/iphone/apps-for-iphone/ and for Android at https://market.android.com/. Ink also recently unveiled Zip SM, an online invoicing and cash management solution powered by PaySimple and designed for small businesses owners who want to simplify their invoicing and accelerate their receivables.
In addition to offering small business owners powerful cards and services through Ink from Chase, Chase’s commitment to small business owners is demonstrated by its lending of more than $12.6 billion in credit to over 300,000 small businesses in the first three quarters of 2011, a 71% increase over the same time last year. Chase extended its position as the #1 SBA lender in total loans with 5,363 approved SBA loans for $1.1 billion in fiscal 2011, which ended September 30.
About Chase
Chase is the U.S. consumer and commercial banking business of JPMorgan Chase & Co. (NYSE: JPM), a leading global financial services firm with assets of $2.3 trillion and operations in more than 60 countries. Chase serves consumers and small businesses through 5,200 bank branches, 16,200 ATMs, mortgage offices, and online and mobile banking as well as through relationships with auto dealerships and schools and universities. Chase also has issued more than 90 million credit cards. More information about Chase is available at www.chase.com.
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CARTES & Identification 2011 Wrap Up

November 28, 2011 10:30 AM Eastern Time 


Business and Innovation at the Heart of the Trade Show CARTES & IDentification 2011




With almost 20,000 visitors CARTES & IDentification confirmed its international influence and positioned itself more than ever as the major global event for digital security and smart technologies
CARTES & IDentification 2011
PARIS--()--CARTES & IDentification was in fine form, positioning itself more than ever as the sector's key global event. From the Conference to the SESAMES Awards and the high numbers at the stands, the event combined innovations and dynamism. With a rising number of visitors (19,513 visitors in total against 18,768 visitors in 2010), this edition has once again been able to meet the high expectations of the profession. Building on this success the CARTES team already has already announced the dates of the next edition: 6 to 8 November 2012 in Paris Nord Villepinte.
CARTES & IDentification, reflection of a dynamic market
The trade show confirms its international status with 430 exhibitors from 45 countries, and 19,513 visitors, with 69% visitors from outside France, representing 143 countries.
The 21 conferences tracks during the three days welcomed 1,225 participants, including 87% professionals from outside France.
Key industry issues were discussed at length, in particular during the conferences dedicated to mobile payment and financial services (NFC and contactless), the future of payments, security in a “cloud” ecosystem, multi-application, point of sales / point of interaction and e-government, which were a great success.
As every year, the high point of the Congress was the inaugural conference of the "World Card Summit", during which key leaders from the industry analysed major market trends and presented their strategic visions in front of a full house of 500 people. For the first time in Europe, Scott Mulloy the CTO of ISIS (joint-venture with AT&T, T-Mobile, and Verizon Wireless) presented their mobile payment vision during a keynote. Eurosmart also presented a preview of the 2011 figures and forecasts of the global market, announcing an expected 13% growth in 2012 and 7 billion units for secure smart devices.
Mobile payment and NFC applications: key themes for this year
Visitors are aware of the deployment of contactless technology and the arrival of NFC terminals for mobile payment, with many demonstrations on the stands such as the NFC car by Oberthur or the e-bike by NXP. The pavilion dedicated to mobile payment companies hosted 12 solutions providers for mobile payment, transactions management, Trusted Service Management, smartphones, tablets and other smarts mobiles objects.
Many projects in Government Security and in E-health
The identity protection sector is booming and the technologies of identification and authentication presented by the exhibitors have been applied to many documents (biometrics passports, electronic ID, electronic driver’s license, health cards...).
E-health has been in the spotlight this year with the Smart Health exhibition which presented innovations for electronic health record, health cards, or even applications for telemedicine that improve the quality of care services and patients comfort, but it also fights against fraud and inflation in health costs.
The SESAMES Awards: the excellence of the technology rewarded
The winners of the 2011 SESAMES awards were revealed in front of a privileged audience of 300 guests during a superb ceremony organised at the Automobile Club de France.
Here once again is the list of this year winners, which was particularly full of innovations:
  • BEST HARDWARE: DYNAMICS with Chips & Choice
  • BEST SOFTWARE: NXP SEMICONDUCTORS with Open source NFC Host Software stack for Android
  • BEST IT SECURITY APPLICATION: GEMALTO with Just4YourEyes
  • BEST TRANSPORTATION APPLICATION: INSIDE SECURE with VHBR
  • BEST BANKING/RETAIL/LOYALTY APPLICATION: SIMARTIS TELECOM with Bubble
  • BEST SECURE INTERNET/AUTHENTICATION APPLICATION: HID GLOBAL with Next Generation Secure Identity Ecosystem
  • BEST MOBILITY APPLICATION: NXP SEMICONDUCTORS with PN65 Secure NFC module
  • BEST eTRANSACTIONS APPLICATION: VERIFONE with PAYware Mobile Enterprise
  • BEST MANUFACTURING & TESTS APPLICATION: OBERTHUR TECHNOLOGIES with ID One Digital watermark
See you at the 27th CARTES Exhibition & Conference
which will be held from 6 to 8 November 2012
at Paris Nord Villepinte.
Country Guest of honour: India
To access the latest news on CARTES & IDentification
The website: www.cartes.com or the blog: www.blogcartes.com
Photos of the 2011 show can be obtained on request from LEWIS PR
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Near-Field Communication - Patent Landscape Report


NEW YORK, Nov. 21, 2011 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:

Executive Summary
The NFC report provides an extensive analysis and market appraisal of the commercial opportunities open to players in the rapidly expanding Near-Field Communication market. The report presents the technology, market and patent filling trend in NFC in easily understandable table, chart and dashboard format. The report discusses industry developments and then goes on to evaluate the impact, sizing, patent filling and key players.
Near field communication (NFC) is a technology which corresponds to the radio frequency identification (RFID) communication in a closer range. Complying with the industry definitions NFC can be classified under proximity card communication, which typically deals with a communication range lesser than 10cm. Even though the technology was widespread in a non-standardized way in late nineties and early eighties, the boom which came in the field of NFC was due to role played by a non-profit organization viz. NFC-Forum, established in 2004, which standardizes the communication, electromagnetic as well as physical characteristics of NFC for interoperability and development perspectives.
The NFC Report is designed to provide information on every aspect of near field communication — the business, the technology, the applications, the players, the alternatives and the future of the market. Patent categorization is done based on following categories:
• Standards based
• Application based
• Hardware based
• Probably essential
The standard based patents are categorized according to the different elements of the standards. The standards taken into consideration are ISO/IEC 14443, ECMA-340 AND ECMA-352.
The application based patents are focused on the major application area of NFC such as mobile related applications, NFC payment, Data transfer, etc.
The hardware related patents consists of constructional part of the transmitter/receiver antenna or coil involved in NFC communication.
The probably essential patents were found based on the priority date of patents which are filed before the NFC forum was formed (2004).
System Description
Near field communication or NFC is short-range wireless technology, operating at a distance of 10 cm or less. NFC operates at 13.56 MHz with data rate ranging from 106 kbit/s to 848 kbit/s. Most of the RF energy is concentrated in the allowed 14 kHz bandwidth range, but the full spectral envelope may be as wide as 1.8 MHz when using ASK modulation.
NFC architecture is composed of an initiator and a target, where the initiator actively generates an RF field that can power a passive target. For such reason, NFC targets can have very simple form factors such as tags, stickers, key fobs, or cards that do not require battery, even though NFC peer-to-peer communication is also possible (i.e. both devices are powered).
NFC employs two different coding to transfer data: if an active device transfers data at 106 kbit/s, a modified Miller coding with 100% modulation is used; in all other cases Manchester coding is used with a modulation ratio of 10%.
NFC devices are able to receive and transmit data at the same time. Thus, they need to check the radio frequency field and can detect a collision if the received signal matches the transmitted signal's modulated frequency band.
1. Disclaimer
1.1. About Dolcera
2. Table of Contents
3. Executive Summary
4. Introduction
4.1 NFC System
4.2 Powering a NFC Tag
4.3 Data Transmission
4.4 Operating modes
4.5 Security issues
4.6 Applications
5. Search Strategy
6. Sample Patent Analysis
7. Taxonomy
8. Top Citations- Top Cited Patents
9. Top Citations- Key Patents
10. Key Findings
10.1 Top assignee Vs Category (Probably essential, Standard/Application based)
10.2 Top assignee - Application based
10.3 Top assignee - Standard based
11. IP Activity
5.1.1 Filing trend - Publication year
5.1.2 Filing trend - Priority year
5.1.3 Filing trend Vs Category (Probably essential, Standard/Application based)
5.1.4 Filing trend - Application based
5.1.5 Filing trend - Standard based
12. Conclusion
13. References
14. Appendix A: Control patents
15. Appendix B: Relevant class code definition
15.1. IPC / ECLA class codes
15.2. US Class codes
16. Appendix C: Concept table
17. Appendix D: Search strategy
Companies Mentioned
Sony Corp, Panasonic, Toshiba, Nokia, Sony Ericsson, ST Microelectronics, NXP BV, Broadcom, Hitachi, NEC, ZTE, Fujitsu, Canon, Research In Motion, Nippon Telegraph & Telephone
To order this report:
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Google Wallet and Apple Will Force MNO Cooperation in Mobile Wallet Wars, Says ABI Research


November 23, 2011 12:29 PM Eastern Time 
NEW YORK--()--Mobile wallets are coming, and while MNOs will provide the majority of NFC-based mobile wallets, their market share will erode between 2012 and 2016 as Google and Apple claim loyal users. “By the end of 2012, Google will prove that Google Wallet is a hit with consumers. By 2014, we will see Google Wallets supported alongside competing MNO offerings globally,” says Mark Beccue, senior analyst, mobile commerce and NFC. MNOs will provide 75% of all mobile wallets in 2012, shrinking to 63% in 2016.
“By the end of 2012, Google will prove that Google Wallet is a hit with consumers. By 2014, we will see Google Wallets supported alongside competing MNO offerings globally”
Google Wallet will also succeed in markets where MNOs prefer not to spend capital to develop and support mobile wallet infrastructure. These MNOs will partner with Google and will benefit financially from the ventures. Apple will factor into the erosion of MNO mobile wallet market share. “Apple will launch a mobile wallet product in 2012. Apple’s MNO partners will allow Apple to offer their mobile wallet to consumers who have iPhones, regardless of whether or not the MNO has a competing mobile wallet,” says Beccue.
NFC-based mobile wallet users will grow to 594 million in 2016. Growth will be fueled because 1) MNOs and OS players will flood the marketplace with NFC-capable mobile phones, particularly in the U.S., Western Europe, Japan, and Korea and 2) the business cases around merchant offers and interaction are compelling enough to pull mobile wallet ecosystem players in alignment.
Over-the-top (OTT) mobile wallet providers (banks, payment providers, merchants) will have a difficult time establishing critical mass for their offerings, though they will find success for niche purposes. By as early as 2014, MNOs will incorporate OS and OTT mobile wallets into their umbrella mobile wallets, slowing down the growth of truly independent mobile wallets from OS and OTT providers.
ABI Research’s new study, “Mobile Wallet Strategies,” (http://www.abiresearch.com/research/1003509) forecasts active NFC mobile wallet users, mobile couponing, and mobile loyalty/reward adoption by region and provides a detailed analysis of mobile wallet providers.
ABI Research provides in-depth analysis and quantitative forecasting of trends in global connectivity and other emerging technologies. From offices in North America, Europe and Asia, ABI Research’s worldwide team of experts advises thousands of decision makers through 40+ research and advisory services. Est. 1990. For more information visitwww.abiresearch.com, or call +1.516.624.2500.
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Cyber Monday: Javelin Forecasts an Online Payments Shift to Credit Cards at the Expense of Debit Cards


November 28, 2011 06:00 AM Eastern Time 
SAN FRANCISCO--()--Javelin Strategy & Research’s latest Online Retail Payments Forecast report identifies a significant shift in the balance between credit and debit use for online purchases. With changing market conditions and new regulations causing credit cards to regain transaction share, credit cards are increasing their share of the consumer’s wallet for online purchases. The study shows a robust 16% increase in the U.S. online market as retail e-commerce sales continue to rise to $309 billion in 2011 and are further forecast to climb to an estimated $444 billion by 2016.
“While online alternative payments represent less than one-fifth of e-commerce transactions, these options are well positioned to benefit from the introduction and adoption of emerging payment environments, such as the mobile channel and social networking.”
“After several years of declining use, credit cards are poised for resurgence,” said Beth Robertson, Director of Payments Research at Javelin. “Despite the nation’s very rocky economic recovery, consumers appear to have halted their belt-tightening and bank incentives to use credit cards rather than debit are gaining appeal.” In the five-year period from 2011 to 2016, assuming that the Durbin Amendment regulating debit card interchange stands, Javelin projects that total payments volume (TPV) for the online use of credit cards by U.S. consumers will climb 63%, while the TPV for debit cards is expected to rise just 2% during that same period.
Javelin’s 4th Annual Online Retail Payments Forecast 2011-2016: New Regulations Leave Credit Poised for a Comeback states online merchants have much to gain from this shift in payments share. Credit cards typically generate higher consumer spending and greater revenue for merchants. However, this change in behavior should also make consumers more conscientious about their online spending. Frenzied purchasing periods such as Cyber Monday can cause consumers to throw cautionary spending patterns to the wind and take advantage of the “deal” phenomenon. Javelin’s study shows that consumers spend more money on a single online transaction using credit cards than when using other payment options, spending an average $82.10 with a major credit card versus $58.29 using a major debit card. Consumers also need to be especially careful during this holiday season too. As credit card fraud rates are higher than debit card fraud rates, consumers should set alerts and monitor their accounts carefully during this holiday period.
Javelin’s 4th Annual Online Retail Payments Forecast, based on data collected online from more than 2,300 consumers, details why consumers will be reaching more for their credit cards this holiday season and over the next five years. The report also tracks the growth of online alternative payments methods, prepaid and gift cards for online purchases. The report identifies key drivers creating shifts in online payments’ mix and explores the impact of these changes on consumers, payments providers, and merchants.
“Non-traditional payment methods will also see growth as alternative payments make inroads on traditional payments share,” claims James Van Dyke, Founder and President of Javelin. “While online alternative payments represent less than one-fifth of e-commerce transactions, these options are well positioned to benefit from the introduction and adoption of emerging payment environments, such as the mobile channel and social networking.” With a projected $30 billion growth through 2016, online alternative payments will hold a 19% share of online retail payments or a share that is just two percentage points below debit’s projected share.
For additional details or to purchase Javelin’s “4th Annual Online Retail Payments Forecast 2011-2016: New Regulations Leave Credit Poised for a Comeback” report, click here:
Related Javelin Research:
About Javelin Strategy & Research: Javelin Strategy & Research is the leading provider of quantitative and qualitative research focused on the global financial services industry. Our extensive quantitative data and deep analyst experience enable us to forecast the direction of the financial services market and make recommendations that empower you and your business to succeed.
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Euronet Obtains Access to New Markets and Cost Savings Opportunities by Attaining Payment Acquirer Status


November 23, 2011 02:03 PM Eastern Time 
LEAWOOD, Kan.--()--Euronet Worldwide, Inc. (NASDAQ: EEFT), through its wholly owned subsidiary - Euronet Payments & Card Services Ltd. (EPCS), has been authorized by the Financial Service Authority (FSA) in the United Kingdom (UK) to provide payment services. This authorization covers a broad range of services, including ATM and POS transaction acquiring. This authorization allows Euronet to apply for direct membership with the major card schemes. Upon receipt of this authorization, Euronet applied for and received membership with the two major card schemes, Visa and MasterCard, for ATM transaction acquiring. The combination of the authorization by the FSA and membership with the major card schemes allows Euronet to directly process ATM debit and credit card transactions throughout most of Europe, without the requirement of a sponsor bank. Subject to business opportunities, Euronet intends to apply for direct membership with the major card schemes for POS merchant acquiring.
“Moreover, this license enables us to expedite time-to-market entry, increases our flexibility in product development and creates the opportunity to expand cross-selling synergies between our different segments”
EPCS is authorized to issue e-money products and provide payment services in the European Economic Area, which includes European Union member countries plus Iceland, Lichtenstein and Norway. With the target to make cross-border payments easy, efficient and secure, the European payment services regulations seek to improve competition by opening payment markets to new entrants, thus fostering greater efficiency and cost-reduction. This authorization to provide payment services will allow Euronet to provide acquiring services in 29 European countries, including Austria; Belgium; Bulgaria; Cyprus; Czech Republic; Denmark; Estonia; Finland; France; Germany; Greece; Hungary; Iceland; Ireland; Italy; Latvia; Liechtenstein; Lithuania; Luxembourg; Malta; Netherlands; Norway; Poland; Portugal; Romania; Slovak Republic; Slovenia; Spain; Sweden; UK.
Since gaining membership with the major card schemes, Euronet has initiated certification projects in five European countries, which will make Euronet one of the few non-financial institutions with the ability to directly acquire transactions on independently deployed ATMs. In the future, EPCS will extend the membership with the major card schemes to other European Union countries and build direct connections with other large card schemes.
“The significance of this development is monumental as it reflects a paradigm shift in our business. Previously, anytime we deployed ATMs in new markets we had to engage in lengthy negotiations to secure a sponsor bank. Now, with an acquiring license and direct card scheme membership, an acquiring sponsor bank is no longer required, allowing Euronet to directly acquire transactions on our independently deployed ATM networks and settle directly with the card schemes,” stated Nikos Fountas, Senior Vice President and Managing Director of Euronet’s Europe EFT Division. “Moreover, this license enables us to expedite time-to-market entry, increases our flexibility in product development and creates the opportunity to expand cross-selling synergies between our different segments,” added Mr. Fountas.
Under the newly granted license, Euronet, a leading European payment processing and services provider and the largest Independent ATM Deployer (IAD) in Central and Eastern Europe, is able to expand its presence through the offering of ATM and POS merchant acquiring throughout Europe. This will allow Euronet to operate in new and existing European markets without further constraints from additional licensing or sponsor bank requirements.
About Euronet Worldwide, Inc.
Euronet Worldwide is an industry leader in processing secure electronic financial transactions. The Company offers payment and transaction processing solutions to financial institutions, retailers, service providers and individual consumers. These services include comprehensive ATM (Automated Teller Machines), POS (Point of Sale) and card outsourcing services, card issuing and merchant acquiring services, software solutions, consumer money transfer and bill payment services, and electronic distribution for prepaid mobile phone time and other prepaid products.
Euronet's global payment network is extensive - including 12,668 ATMs, approximately 53,000 EFT POS terminals and a growing portfolio of outsourced debit and credit card services which are under management in 32 countries; card software solutions; a prepaid processing network of approximately 591,000 POS terminals at approximately 282,000 retailer locations in 29 countries; and a consumer-to-consumer money transfer network of approximately 140,000 locations serving 136 countries. With corporate headquarters in Leawood, Kansas, USA, and 47 worldwide offices, Euronet serves clients in approximately 150 countries. For more information, please visit the Company's website atwww.euronetworldwide.com.
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Wednesday, November 23, 2011

Halls' Out-of-home Campaign Uses NFC Technology


by Karlene Lukovitz, over 1 hour ago


Halls
A product-launch campaign for the Halls cough drops brand is the first out-of-home effort to employ near field communications (NFC), according to Kraft Foods.  The campaign, from Halls’s shopper-media planning and buying agency, Horizon Media, is using both NFC technology from Thinaire and QR codes, on posters located at 33 Chicago bus shelters.  The concept: The posters promote Halls’s new Warm-Ups product – which combines the brand’s mentholated cooling properties with a warming sensation – and encourage consumers to use their cell phones, via the NFC function or QR code on the posters, to connect with and like the brand’s Facebook page, then vote for one of the two Warm-Up flavors: Apple Cider or Mocha Mint. 

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Thailand Mobile Payment Market Forecast 2009 - 2015: Gross Transaction Value of Mobile Payments in Thailand to Rise to $6.9 Billion in 2015

thailand wooden image
Image by FriskoDude via Flickr

November 23, 2011 05:03 AM Eastern Time 
DUBLIN--()--Research and Markets has announced the addition of IE Market Research Corp.'s new report "3Q.2011 Thailand Mobile Payment Market Forecast 2009 - 2015: Gross transaction value of mobile payments in Thailand to rise to $6.9 billion in 2015" to their offering.
“3Q.2011 Thailand Mobile Payment Market Forecast 2009 - 2015: Gross transaction value of mobile payments in Thailand to rise to $6.9 billion in 2015”
Thailand Mobile Payment Market Forecast provides a comprehensive forecast of Thailand'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.
Together with this comprehensive forecast, you will get a PowerPoint presentation and an audio conference with Menekse Gencer, Independent Contributing Analyst at IEMR, Principal at mPay Connect, and formerly Director of Business Development, Mobile Payments at PayPal. The presentation and the audio conference provides you with an overview of key trends in the global mobile payment market and an overview of exciting developments in the m-payments market globally.
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

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South Korea Mobile Payment Market Forecast 2009 - 2015: Gross Transaction Value of Mobile Payments in South Korea to Rise to $39.3 Billion in 2015

location of South Korea
Image via Wikipedia

November 23, 2011 04:54 AM Eastern Time 
DUBLIN--()--Research and Markets has announced the addition of IE Market Research Corp.'s new report "3Q.2011 South Korea Mobile Payment Market Forecast 2009 - 2015: Gross transaction value of mobile payments in South Korea to rise to $39.3 billion in 2015" to their offering.
“3Q.2011 South Korea Mobile Payment Market Forecast 2009 - 2015: Gross transaction value of mobile payments in South Korea to rise to $39.3 billion in 2015”
South Korea Mobile Payment Market Forecast provides a comprehensive forecast of South Korea's mobile payment market. The report is based on Global Consumer Telecommunications Survey-- which covers 50,000 mobile users in 50 markets globally and is the most extensive country-specific forecasts of its kind.
Together with this comprehensive forecast, you will get a PowerPoint presentation and an audio conference with Menekse Gencer, Independent Contributing Analyst at IEMR, Principal at mPay Connect, and formerly Director of Business Development, Mobile Payments at PayPal. The presentation and the audio conference provides you with an overview of key trends in the global mobile payment market and an overview of exciting developments in the m-payments market globally.
Key Topics Covered:
Series Covered in this Country Forecast, 2009 - 2015
Mobile Payment Users (millions)
Mobile Payment Transactions by Technology (millions)
  • SMS
  • WAP/Web
  • USSD
  • NFC
Mobile Payment Transactions by User Case (millions)
  • Merchandise purchases
  • Digital purchases
  • Ticketing
  • Money transfers
  • Bill payment
  • Prepaid top-ups
  • Others
Gross Transaction Value for Mobile Payments by User Case ($ millions)
  • Merchandise purchases
  • Digital purchases
  • Ticketing
  • Money transfers
  • Bill payment
  • Prepaid top-ups
  • Others
Average Transaction Size of Mobile Payments by User Case ($)
  • Merchandise purchases
  • Digital purchases
  • Ticketing
  • Money transfers
  • Bill payment
  • Prepaid top-ups
  • Others
Who Will Benefit From This Report:
  • 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

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Clear2Pay gains scale in payments and cards expertise with ISTS Worldwide acquisition (US)


November 22, 2011 03:00 AM Eastern Time 
Indian/US player offers cards domain and onsite/offshore project delivery skills
BRUSSELS & FREMONT, Calif.--()--Clear2Pay, the international technology provider of next generation payment solutions for financial institutions announces that it has acquired ISTS Worldwide a US based services organisation, specialised in retail payments technology.
ISTS Worldwide is based in Fremont, California. The company further has a large CMMI Level 3 certified development and project delivery centre in India and an office in France. Its core solutions are focused on the card transaction space and test automation. It serves payment processors such as Blackhawk Network (a subsidiary of Safeway), ATX (a subsidiary of Euronet), Paypal, Commidea, Loyalty One and more. ISTS also works in the payment value chain with clients in retail (Sears and Levis), eCommerce (Intuit Symantec and Marketlive), POS (Verifone, Sequoia Retail Systems, Gilbarco) and Software vendors such as Microsoft and Trustwave.
Michel Akkermans, Chairman and CEO of Clear2Pay states: “In working with large financial institutions we recognise the renewed interest in payments as the prime customer touch point. This leads to a huge demand in payments specific technology and skills in product development and project management. With ISTS we can both offer a pool of card and payments expertise in the US and India, as well as the experience of onsite/off shore project management and delivery. This onsite/offshore delivery model will be leveraged inside the Clear2Pay group and will enable us to support our customers in bringing robust future proof technology, and thus their payment products, to market in a much shorter time frame”.
Viren Rana, CEO of ISTS Worldwide comments: We are excited to be part of Clear2Pay, a global leader in the payments industry with cutting edge solutions. This creates great opportunities for both our employees and customers in merging our offerings with Clear2Pay’s innovative solutions.”
Jürgen Ingels, Co-founder and CFO of Clear2Pay concludes: “This acquisition delivers us a lot of additional card knowledge and builds on our capacity in that field with more than 300 domain and technology professionals, which in turn will strengthen our Open Card Switch offering. Moreover, it gives us an important foot print in the Indian market which will allow us to sell our products in that region. Last but not least it adds customers in the US, whom we will continue to serve with the same dedication as to which they have been accustomed to date.”
About Clear2Pay
Clear2Pay is a payments modernisation company that actively supports many global financial institutions to meet their payments unification goals through its pure SOA Open Payment Framework (OPF). Headquartered in Brussels, Belgium, the company facilitates banks and financial organisations in their provision of payments services, whether they be Card, ACH, Branch, Bulk, High Care or International payment transactions. Clear2Pay's innovative technology helps to reduce transactions processing costs, and to deliver new, compelling payment services in a competitive way. Functions embrace payments origination, reporting, linkage with back-office processing systems, clearing, netting and settlement. In addition the company offers a range of value added payment technology solutions and services such as e-Banking, the Open Test Platform, ChargeBack, Strategic Consultancy and Payments Training through a dedicated Academy. Clients include global and major regional financial institutions such as ING, Banco Santander, Crédit Agricole, MasterCard, BNP Paribas, The Federal Reserve, NETS (Denmark), The People Bank of China (PBOC), Bank of East Asia, Rabobank, The Co-operative Financial Services and Commonwealth Bank. Clear2Pay operates out of Belgium, France, the Netherlands, Poland, Spain, United Kingdom, United States, Australia, China, Malaysia and Singapore and currently employs of nearly 800 staff. Recently, the company was awarded the XCelent Customer Base 2010 award for its undisputed largest payment hub customer base, both live and under implementation. The company ranks 81st in the Global FinTech100 list. For more information, please visit www.clear2pay.com.
About ISTS
About ISTS Worldwide, Inc. (www.istsinc.com): ISTS provides end to end domain driven technology services and solutions in the form of architecture services, custom application development, integration, testing, support and global execution for the retail-payments industry. ISTS enables its customers to address the challenges thrown about by the confluence of multi-channel retail integration initiatives and the need to accept traditional and alternative payments. More information on www.istsinc.com
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