Future of Payments and Payment Trends Debit, Phone, EMV, Etc.

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Brianna Young
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1 Future of Payments and Payment Trends Debit, Phone, EMV, Etc. Adrian Brown, AAP Education and Professional Services The Payments Authority Europay, Mastercard, Visa (EMV) Cards Readers 2 1

2 EMV Essentials EMV Deployment Statistics 5 2

3 Making Payments via Mobile Devices Making the Move to Mobile Getting to Know All About Gen Y and Gen X 7 Underbanked Consumers Not Who You Think They Are 8 3

4 Consumers making the Leap to Digital 9 Statistics 10 4

6 P2P (Person to Person) A2A (Account to Account) 14 Three Models for P2P Payments Source: Federal Reserve Bank of Kansas City 15 6

7 Third Party Providers and P2P Integration Popmoney has been integrated into Mobiliti platform. Popmoney has been integrated into CheckFree RXP Anyone can sign up at Popmoney.com and begin transferring money to recipients without exchanging bank accounts

8 Convergence is Happening CashEdge is now part of Fiserv 18 Card Giants moving beyond Point of Sale 19 8

9 P2P Solutions with Non Financial Institution 20 P2P Payments Characteristics Cost Convenience Speed Payer Control Security Universality 21 9

10 Benefits of P2P Trusted partners (your FI, Online Wallet provider, Card provider, etc.) Eliminates checks and mail float Ability to easily send money Doesn t require cash Ability to send money abroad, electronically Secure online access to a complete record of payment history 22 FedACH SameDay Services Expansion Same day ACH clearing Permits all Sec Codes except IAT, TRC and TRX Credit and Debit transactions Business and consumer transactions Opt in service Effective April 1,

11 25 Payments now and in the Future! 26 11

13 Automobile Payments via Mobile 29 Cash Management Tools 31 13

15 Tap and Go 34 How will the current and next generation do their banking/shopping? 35 15

16 Shopping Today and in The Future 36 (Mobile Shopping) (Tablet Payments) (Dashboard Shopping and Payment) 37 16

17 Shopping Today and in The Future 38 Innovative Ideas for the (QR Code) 39 17

18 Google Glass Project 40 Approach to Innovation What is your strategy? Can you define unique value for mobile technology? Have you explored partnerships? Do you have solid core vendors? What is the risk to our company from a wait and see approach? 41 18

transfer, debit and credit cards and ATM.

and financial institutions alike. www.thepaymentsauthority.

19 Questions? 42 The Payments Authority Your informational resource for ACH and other payments like check, wire transfer, debit and credit cards and ATM. As a not-for-profit trade association, we provide payments education and expertise for companies and financial institutions alike. b2bsynergy A free web resource that allows payments and treasury professionals to connect with peers to share best practices, collaborate on a project, or get help solving problems. The site is designed, owned and powered by The Payments Authority

Through our direct membership in NACHA, The Payments Authority is a specially recognized and licensed provider of ACH education, publications and support. Look for this Mark of Excellence.

Adrian Brown, AAP Education and Professional Services The Payments Authority 580 Kirts Boulevard, Suite 301 Troy, MI 48084 Office 800-450-2508 abrown@thepaymentsauthority.org www.

20 Through our direct membership in NACHA, The Payments Authority is a specially recognized and licensed provider of ACH education, publications and support. Look for this Mark of Excellence. It s your assurance of consistency and accuracy. 44 Thank you for participating! Adrian Brown, AAP Education and Professional Services The Payments Authority 580 Kirts Boulevard, Suite 301 Troy, MI Office abrown@thepaymentsauthority.org The Payments Authority. All rights reserved. No part of this material may be used without the prior written permission of The Payments Authority. This material is not intended to provide any warranties, legal advice, or professional assistance of any kind

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