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IndustryUpdate

US Payments Forum releases Amazon Prime members will
new EMV migration resources shop local businesses during
holidays
As part of its ongoing effort to ensure an efficient migration to EMV contact
and contactless chip payments, the U.S. Payments Forum released two new Small business loans platform
implementation resources for U.S. issuers and merchants. The first offers card Funding Circle published results of
issuers recommendations for issuing dual-interface contact and contactless its survey on U.S. consumer support
chip cards to accommodate acceptance at all merchant locations, including for small businesses. It revealed that
transit. The second resource for merchants provides guidance for processing three in four Amazon Prime mem-
Canadian contact chip cards at U.S. POS terminals. For further details, visit bers are still making the effort to
www.uspaymentsforum.org. shop at independent, local small
businesses. Seventy-six percent of
RESEARCH Amazon Prime members – and 77
percent of all consumers – surveyed
said they were willing to pay more
ATMIA calls for sustainable software paradigm for something at an independent,
Research commissioned by the ATM Industry Association and conducted local small business rather than
by Eric de Putter of Payments Redesign found the total cost of upgrades buying the same item on Amazon.
associated with the next ATM operating system migration could exceed $5 A majority of these respondents (60
billion globally. Financial institutions and independent ATM deployers are percent) said they would pay a 10
frustrated by recurring operating system upgrades, reduced support for percent premium or more.
ATM central processing units and software stack complexity, research results Juniper finds total connected
indicated. "These seemingly endless migration and upgrade cycles are not
sustainable," ATMIA stated. "A new software paradigm is urgently needed cars to exceed 775 million by
for the ATM industry." 2023
New data from Juniper Research
indicates that 775 million consum-
er vehicles will be connected via
telematics (the branch of informa-
tion technology that addresses long-
distance transmission of computer-
ized information) or by in-vehicle
apps by 2023, rising from 330 mil-
lion in 2018. This is an average
annual growth of 18.7 percent over
the next five years. The report titled
Consumer Connected Cars: Telematics,
In-vehicle Apps & Connected Car
Commerce 2018-2023 predicts auto-
motive original equipment manu-
facturers will enable in-vehicle info-
tainment systems to be accessible to
third-party developers, which will
ultimately increase the value propo-
sition for drivers.

Reportlinker sees rise in global
crypto asset management
growth

The global crypto asset manage-
ment market size is expected to
grow from $94 million in 2018
to $207 million by 2023, a com-
pound annual growth rate of 17.1
percent, according to Reportlinker.
The market's major growth drivers
include the need to safeguard cryp-

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