Friday, December 30, 2011
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:
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 .
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:
For further information, go to www.mcafee.com/us/resources/reports/rp-threat-predictions-2012.pdf?cid=WBB047 .
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, NFC and Contactless Deployment in the U.S.
George Peabody, Director of Mercator Advisory Group's Emerging Technologies Advisory Service said, "The expected EMV rollout in the U.S. will require no little choreography on the part of merchants, acquirers and issuers because it will touch every payment device."
He added, "Given the coincident timing of the [Visa Inc.] EMV announcement and the arrival of NFC, merchants have to carefully plan their POS infrastructure investments over the next five years and more. Timing is everything." For more details, see www.mercatoradvisorygroup.com/index.php?doc=Emerging_Technologies&action=view_item&id=682&catid=5 .
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