Merchant Acquiring, an Update: EMV, Interchange, and Mobile Payments
Report Summary
Merchant Acquiring, an Update: EMV, Interchange, and Mobile Payments
As the merchant acquiring industry rebounds, industry executives seek to competitively position themselves in the years to come.
Boston, May 26, 2011 – A new report from Aite Group examines the future of the merchant acquiring industry, as viewed by those within the space. Based on an Aite Group survey of 20 senior-level, acquiring-industry stakeholders, conducted in May 2011, the report explores select issues and trends facing the industry including legislative changes, and how EMV adoption in the United States and mobile payments will impact the industry. It also presents survey participants’ ratings of the top ten acquirers and card networks.
The merchant acquiring industry is on the rebound. While many merchant acquirers have seen an increase in their volume compared to a year ago, they are trying to determine the direction the industry will take in order to position themselves to compete in years to come. Debit interchange regulation is a concern, but not one that is expected to impact the merchant acquiring industry materially. Mobile payments are seen as having a great impact (either capturing new transactions or signing up new merchants) but the winning solutions have yet to be identified.
“Among Industry participants, 80% agree that mobile POS solutions will dramatically increase the number of businesses accepting cards over a period of 3 to 5 years,” says Adil Moussa, senior analyst with Aite Group and author of this report. “Given the market entrance of POS solutions and applications that consumers can download to their phones, the number of people accepting card payments can now significantly increase; artists, handymen, and merchants with ambulatory services can swipe any card almost anywhere and accept payments.”
This 18 page Impact Note contains eight figures. Clients of Aite Group's Retail Banking service can download the report.