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Emerging Technologies in Payments

Emerging Technologies in Payments. Overview. Open Payments Magstripe NFC EMV Mobile Barcodes NFC Proximity m-Web Online Web s-Commerce. April 02, 2013. COMPANY CONFIDENTIAL. Open Payments. What are Open Payments?

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Emerging Technologies in Payments

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  1. Emerging Technologies in Payments

  2. Overview Open Payments • Magstripe • NFC • EMV Mobile • Barcodes • NFC • Proximity • m-Web Online • Web • s-Commerce April 02, 2013 COMPANY CONFIDENTIAL

  3. Open Payments What are Open Payments? • The usage of standard paymentbrands (credit and debit) on avariety of transit devices • Methods: • Magstripe • NFC • EMV April 02, 2013 COMPANY CONFIDENTIAL

  4. Open Payments NFC • NFC exists now, and has for several years • Amex = ExpressPay • Discover = Zip • MC = PayPass • Visa = payWave • Beginning to overlap with EMV April 02, 2013 COMPANY CONFIDENTIAL

  5. Open Payments EMV • “Europay MasterCard Visa” Standard for smartcard payments • Schedule • Processors must be ready this month, April 2013 • POS liability shift Oct 2015 • Gas Stations and ATMs liability shift in Oct 2017 • Issuers have some 50 cards available now, this offering will grow by the date of the liability shift April 02, 2013 COMPANY CONFIDENTIAL

  6. Mobile What is Mobile? • Barcodes • NFC • Proximity • mWeb April 02, 2013 COMPANY CONFIDENTIAL

  7. Mobile Barcodes • Formats: QR, PDF, Aztec, etc. • APP based, SMS based NFC • Most are PayPass Compatible • Google Wallet • ISIS • Blaze • Some have Proprietary options April 02, 2013 COMPANY CONFIDENTIAL

  8. Mobile Proximity • Used by Square and GroupOn • very new, current generation not accurate enough mWeb • Websites aware of the browser used • Low cost of entry • Can use barcodes to furtherfacilitate entry April 02, 2013 COMPANY CONFIDENTIAL

  9. Online Why Online? • Still has the greatest impact and the furthest reach • Web • sCommerce April 02, 2013 COMPANY CONFIDENTIAL

  10. Online Web • Simple Status Quo for transit • Sophisticated Future (e-Fare) • can meld all the fare mediamanagement into one interface s-Commerce • evolving, but at some point, willriders buy other riders tickets, “follow” them, or form groups? April 02, 2013 COMPANY CONFIDENTIAL

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