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Industry
ChapterTitleUpdate
Consumers' Financial Data. The letter stated that col- lenge to integrate a credit card processing system into
laboration among retailers, banks and card networks its accounting software. The company was also the first
is important to advance payment security and prevent member organization of the PCI SSC. "We sent in our
future cyber attacks. "Retailers have long argued that member dues before PCI even had a bank account set up
the card technology in place today is antiquated and, to accept it," said Shift4 Chief Operating Officer Kathy
because of that, criminals can use stolen consumer Oder.
data to create counterfeit cards with stunning ease,"
wrote Bill Hughes, Senior Vice President of Government Mobile POS system rolled out for cannabis industry
Affairs at the RILA.
SinglePoint Inc. said it has developed a fully functional
SegPay amplifies AAMPP mobile payment system designed for the growing rec-
reational and medical marijuana industry. The solution
SegPay inked a deal with AAMPP Network to deliver is called Mobile Cannabis Currency. SinglePoint is also
a host of payment services to the social music network exploring integrations for alternative payment methods,
website, which connects artists, agents, managers, pro- including prepaid cards, virtual wallets, as well as for
ducers, promoters and fans in the independent music virtual currencies like bitcoin.
realm. "Customized payment pages, a simplified process
and a global reach give me confidence that both my London buses to go cashless by mid 2014
business and my customers are getting the best possible
service through SegPay," said Garth Soshahi, AAMPP The city of London's mass transportation authority,
founder and Chief Executive Officer. Transport for London (TfL), said bus riders will not be
able to pay for bus fares with cash beginning in the sum-
Shift4 celebrates 20th anniversary mer of 2014. TfL noted that 99 percent of London bus
riders already use Oyster prepaid cards, prepaid tickets,
Payment gateway operator Shift4 Corp. celebrated its contactless payment cards or concessionary tickets to
20th year in the payments industry. Shift4 said its pay for fares. TfL also said it costs 24 million pounds
founders were running a successful accounting software sterling annually to accept cash on London buses. "[B]y
business in the early 1990s when it accepted a chal- removing this option we will generate significant sav-
ings which, like all of our income, will be reinvested
in improvements to the transport network," the agency
added.
RESEARCH
Pay-wear
Mercator Advisory Group's The Future Is Not in the Cards:
Will "Wearable Payments" Replace Wallets? recounts how
watches, wristbands, rings and other wearable products
embedded with contactless chips are being used for pay-
ment in amusement parks, museums, schools and other
environments. The report did not draw conclusions
about the future of wearable devices in payments.
Contactless global boom
Research and Markets released Contactless Payments
Market by Solutions & Services – Global Advancements,
Market Forecasts and Analysis (2013-2018), which pro-
jected the global market for contactless payments will
reach $9.88 billion in 2018, up from $4.32 billion in 2013.
This represents a compound annual growth rate of 18
percent. The report contains an overview of product and
service strategies, vertical markets and market landscape
by region.
24
ChapterTitleUpdate
Consumers' Financial Data. The letter stated that col- lenge to integrate a credit card processing system into
laboration among retailers, banks and card networks its accounting software. The company was also the first
is important to advance payment security and prevent member organization of the PCI SSC. "We sent in our
future cyber attacks. "Retailers have long argued that member dues before PCI even had a bank account set up
the card technology in place today is antiquated and, to accept it," said Shift4 Chief Operating Officer Kathy
because of that, criminals can use stolen consumer Oder.
data to create counterfeit cards with stunning ease,"
wrote Bill Hughes, Senior Vice President of Government Mobile POS system rolled out for cannabis industry
Affairs at the RILA.
SinglePoint Inc. said it has developed a fully functional
SegPay amplifies AAMPP mobile payment system designed for the growing rec-
reational and medical marijuana industry. The solution
SegPay inked a deal with AAMPP Network to deliver is called Mobile Cannabis Currency. SinglePoint is also
a host of payment services to the social music network exploring integrations for alternative payment methods,
website, which connects artists, agents, managers, pro- including prepaid cards, virtual wallets, as well as for
ducers, promoters and fans in the independent music virtual currencies like bitcoin.
realm. "Customized payment pages, a simplified process
and a global reach give me confidence that both my London buses to go cashless by mid 2014
business and my customers are getting the best possible
service through SegPay," said Garth Soshahi, AAMPP The city of London's mass transportation authority,
founder and Chief Executive Officer. Transport for London (TfL), said bus riders will not be
able to pay for bus fares with cash beginning in the sum-
Shift4 celebrates 20th anniversary mer of 2014. TfL noted that 99 percent of London bus
riders already use Oyster prepaid cards, prepaid tickets,
Payment gateway operator Shift4 Corp. celebrated its contactless payment cards or concessionary tickets to
20th year in the payments industry. Shift4 said its pay for fares. TfL also said it costs 24 million pounds
founders were running a successful accounting software sterling annually to accept cash on London buses. "[B]y
business in the early 1990s when it accepted a chal- removing this option we will generate significant sav-
ings which, like all of our income, will be reinvested
in improvements to the transport network," the agency
added.
RESEARCH
Pay-wear
Mercator Advisory Group's The Future Is Not in the Cards:
Will "Wearable Payments" Replace Wallets? recounts how
watches, wristbands, rings and other wearable products
embedded with contactless chips are being used for pay-
ment in amusement parks, museums, schools and other
environments. The report did not draw conclusions
about the future of wearable devices in payments.
Contactless global boom
Research and Markets released Contactless Payments
Market by Solutions & Services – Global Advancements,
Market Forecasts and Analysis (2013-2018), which pro-
jected the global market for contactless payments will
reach $9.88 billion in 2018, up from $4.32 billion in 2013.
This represents a compound annual growth rate of 18
percent. The report contains an overview of product and
service strategies, vertical markets and market landscape
by region.
24
