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P2P and gift cards compete as consumers embrace e-gifting

P2P and gift cards compete as consumers embrace e-gifting

New P2P services from banks that can be used for gifts may begin to cut into gift card volume
Whither EMV? Who knows? Who cares?

Whither EMV? Who knows? Who cares?

The U.S. migration to EMV depends on merchant adoption, customer interest
Most prepaid debit card users pay less than $7.50 monthly

Most prepaid debit card users pay less than $7.50 monthly

Cost is lower that basic checking account fee
You’re already getting holiday catalogs and the shopping season has already begun. But research by TransUnion found a surprise under the credit tree.

Holiday promos can have a “sanity claus”

Most wait until December to do major gift buying
Card-not-present seen as fastest growing type of credit card fraud

Card-not-present seen as fastest growing type of credit card fraud

While incidents rose, the average loss per compromised account fell 10
Banks need to strengthen payment revenues with new technologies, business models

Banks need to strengthen payment revenues with new technologies, business models

Wholesale transaction banking looks to be the key lever for higher ROE
Less back-to-school spending, lower gas prices, and unseasonably warm weather in many areas reduced consumer spending growth in September, according to the latest FirstData SpendTrend report.

Consumers tighten faucet a bit

FirstData report tracks September slowdown
Major card companies propose global standard to enhance security

Major card companies propose global standard to enhance security

Digital payment token to replace account number for online, mobile transactions

PREPAID CARDS Yes: Prepaid customers are bank customers

Even as the prepaid card market grows incredibly fast, old views of prepaid are holding financial institutions back, says Cathy Corby Parker, chief revenue officer of TransCard.

Prepaid cards generally a lower-fee option than basic checking

Prepaid purchase volume is expected to grow by almost $45 billion over the next five years
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