Page 27 - GS170101
P. 27
Views
• All prepaid card payments combined Association Show:
(GPR, private label, EBT) totaled $270
billion in value, up from $40 billion three NorthEast Acquirers Association (NEAA)
years earlier. NEAA 2017
• The average transaction using traditional Highlights: Join hundreds of payment profes-
debit cards was $38, down from $40 in sionals in Boston as the NEAA celebrates 32 years
2012. of success in educating all distribution channels
in electronic payments. The first event on the
• 33.8 billion payments with credit cards with a annual regional acquirer conference circuit, it will
combined value of $3.16 trillion were made by feature an Electronic Transactions Association
Americans in 2015. ISO meeting and the Catapault 2017 innovation
competition for a chance to win complimentary
• 31.0 billion were general-purpose credit exhibit space in the Payments Next Zone at ETA
card payments, up from 24.4 billion in Transact17.
2012.
Over 80 exhibitors are expected to be on hand to
• 2.8 billion were private-label card promote the latest POS hardware and software
payments, up from 2.5 billion in 2012. technology, ecommerce and mobile commerce
solutions, alternative financing products, and oth-
• The average general purpose credit card er services that support the industry. There will
payment was $90, down from $93 in 2012. also be an introduction to electronic processing
course offered by ETA University, seminars and
• The average private-label card payment vendor networking receptions on the show floor.
was $128, up from $112 in 2012.
When: January 31 - Feb 2, 2017
Checks and ACH drive big dollars Where: Renaissance Boston Waterfront Hotel 606
Congress Boston, MA
While cards dominate noncash payments in terms Registration: www.northeastacquirers.com/
of transactions, the ACH was the noncash payment neaa-2017-registration/
system that transacted the most value in 2015: $90.54
trillion in credit transfers (for example, direct deposit) Next Up and Coming Association Show:
and $54.76 trillion in debit transfers (for example,
automated bill payments). The ACH was used to clear Southeast Acquirers Association (SEAA)
23.5 billion payments valued at just over $145 trillion in SEAA 2017
2015. (About 4 billion of these were on-us transactions,
according to the Fed.) When: March 20 - 22, 2017
Where: Le Meridien 555 S McDowell St Char-
Check writing continues to decline, falling at an lotte, NC
annual rate of 4.8 percent between Fed studies. In all, Registration: www.southeastacquirers.com/registra-
American businesses and consumers wrote 19.4 billion tion.html
checks with a combined value of $27.34 trillion in 2015,
representing a decline of 3.1 billion in total number of 27
checks written and $490 billion drop in total value since
2012. The average value of checks written, however,
rose to $1,410 in 2015, up from $1,239 in 2012.
While many checks continue to originate as paper
payments, checks "are now effectively all processed
electronically once they enter the banking system
and are increasingly being scanned and deposited
electronically," the Fed noted. Some checks are being
converted to ACH payments for clearing, but the
practice has shown little growth since the Check 21 Act
led to widespread adoption of remote deposit capture
and electronic check clearing, the Fed added.
Patti Murphy is Senior Editor of The Green Sheet and President of
ProScribes Inc. She is also the founder of InsideMicrofinance.com.
Email her at patti@greensheet.com.
