A new research report from Research & Markets entitled Opportunities and Strategies for Credit Issuers, examines mobile payment opportunities For US credit issuers.
The major card networks began supporting contactless payments nearly a decade ago, but consumer and merchant adoption has lagged considerably. Several startups, as well as established firms outside of the financial services industry, are marketing enhanced mobile payment services capable of causing significant disruption to the consumer payments value chain.
Mobile operating system developers, handset manufacturers, and mobile network operators are among the first to market with mobile wallets, but traditional IT suppliers to financial institutions are starting to develop solutions to help banks respond. The largest U.S. credit card issuers are investing, piloting, or otherwise exploring several mobile payment options to make sure they can quickly implement the technology that is most widely adopted. ‘Mobile Payments: Opportunities and Strategies for Credit Issuers’ provides a framework for understanding the current and potential impact of mobile payments technology on the credit issuing business.
“Tech companies are challenging issuers’ core business at a time when competition among existing industry participants is extremely high,” comments Michael Misasi, author of the report. “Issuers are rightly protective of their transaction data and cardholder relationships. Fortunately, financial institutions have several strategic assets that can minimize the threat of disruption.”
– Latest statistics on consumer adoption of various mobile payment technologies
– A credit issuer-centric SWOT analysis of the mobile payments industry
– An overview of the most prominent mobile wallet providers including ISIS, Google Wallet, Starbucks, and MCX
– A prediction of how the next round of mobile wallet products is likely to operate
The Mobile Payments Road Map
Secure Elements in Testing
Credentials in the Cloud
Mobile Wallets Round 2
Fiserv Mobiliti Master Wallet
SWOT Analysis for the Issuer: Part 1
SWOT Analysis for the Issuer: Part 2
– Bank of America
– Device Fidelity
– JPMorgan Chase
– U.S. Bank
– Wells Fargo
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Opportunities and Strategies for Credit Issuers