U.S. to drive smart/EMV payment card market
TweetFollow Us on Twitter

U.S. to drive smart/EMV payment card market

ABI Research (www.abiresearch.com) forecasts smart/EMV payment card shipment levels to exceed two billion in 2014; an increase of 24.7% when compared to 2013. Of the two billion units, just over 600 million payment cards will be delivered into the Chinese market (a combination of pure payment and social cards) and 181 million units to the United States as its banks and financial institutions begin ramping up efforts in EMV issuance migration.

What's more, contactless continues to gain market penetration, accounting for 42% of all shipments in 2014. Primarily this is driven by the Chinese market, where over 72% of all cards deployed utilize a contactless interface and countries such as Canada which has adopted a similar strategy and growth in Western Europe, says ABI Research.

The research group adds that all eyes this year and moving forward are firmly on the United States. Although it has been a slow road to realization, the United States is likely to exceed initial 2014 expectations, previously in the 150 million region. The 2015 liability shift mandate is now having an effect on EMV issuance with a ramping up of EMV payment card shipments in 2H 2014. Although migration in the United States is contact dominant, uncertainty remains around the possibility of contactless integration in the future.

"United States interface choice is of paramount interest to the leading smart card vendors, Gemalto, Oberthur Technologies, Morpho, and G&D as they look towards future strategies and regions where they can focus higher-end, higher-value proposition contactless based credentials," says ABI Research Senior Analyst Phil Sealy. "Due to a large installed base in excess of 1 billion cards, the cost effective contact interface is proving the initial interface of choice."

ABI Research believes that contact based cards will continue a dominate United States market presence, holding 94% share of the market in 2014, decreasing to 75% in 2019, as financial institutions attempt to justify the additional investment required. This is likely to coincide with an increase in "contactless by default" POS infrastructure, mobile payments, and convergence of added value platforms including social and/or loyalty applications.”

 

Community Search:
MacTech Search:

Software Updates via MacUpdate

Latest Forum Discussions

See All

Combo Quest (Games)
Combo Quest 1.0 Device: iOS Universal Category: Games Price: $.99, Version: 1.0 (iTunes) Description: Combo Quest is an epic, time tap role-playing adventure. In this unique masterpiece, you are a knight on a heroic quest to retrieve... | Read more »
Hero Emblems (Games)
Hero Emblems 1.0 Device: iOS Universal Category: Games Price: $2.99, Version: 1.0 (iTunes) Description: ** 25% OFF for a limited time to celebrate the release ** ** Note for iPhone 6 user: If it doesn't run fullscreen on your device... | Read more »
Puzzle Blitz (Games)
Puzzle Blitz 1.0 Device: iOS Universal Category: Games Price: $1.99, Version: 1.0 (iTunes) Description: Puzzle Blitz is a frantic puzzle solving race against the clock! Solve as many puzzles as you can, before time runs out! You have... | Read more »
Sky Patrol (Games)
Sky Patrol 1.0.1 Device: iOS Universal Category: Games Price: $1.99, Version: 1.0.1 (iTunes) Description: 'Strategic Twist On The Classic Shooter Genre' - Indie Game Mag... | Read more »
The Princess Bride - The Official Game...
The Princess Bride - The Official Game 1.1 Device: iOS Universal Category: Games Price: $3.99, Version: 1.1 (iTunes) Description: An epic game based on the beloved classic movie? Inconceivable! Play the world of The Princess Bride... | Read more »
Frozen Synapse (Games)
Frozen Synapse 1.0 Device: iOS iPhone Category: Games Price: $2.99, Version: 1.0 (iTunes) Description: Frozen Synapse is a multi-award-winning tactical game. (Full cross-play with desktop and tablet versions) 9/10 Edge 9/10 Eurogamer... | Read more »
Space Marshals (Games)
Space Marshals 1.0.1 Device: iOS Universal Category: Games Price: $4.99, Version: 1.0.1 (iTunes) Description: ### IMPORTANT ### Please note that iPhone 4 is not supported. Space Marshals is a Sci-fi Wild West adventure taking place... | Read more »
Battle Slimes (Games)
Battle Slimes 1.0 Device: iOS Universal Category: Games Price: $1.99, Version: 1.0 (iTunes) Description: BATTLE SLIMES is a fun local multiplayer game. Control speedy & bouncy slime blobs as you compete with friends and family.... | Read more »
Spectrum - 3D Avenue (Games)
Spectrum - 3D Avenue 1.0 Device: iOS Universal Category: Games Price: $2.99, Version: 1.0 (iTunes) Description: "Spectrum is a pretty cool take on twitchy/reaction-based gameplay with enough complexity and style to stand out from the... | Read more »
Drop Wizard (Games)
Drop Wizard 1.0 Device: iOS Universal Category: Games Price: $1.99, Version: 1.0 (iTunes) Description: Bring back the joy of arcade games! Drop Wizard is an action arcade game where you play as Teo, a wizard on a quest to save his... | Read more »

Price Scanner via MacPrices.net

Apple’s M4 Mac minis on sale for record-low p...
B&H Photo has M4 and M4 Pro Mac minis in stock and on sale right now for up to $150 off Apple’s MSRP, each including free 1-2 day shipping to most US addresses. Prices start at only $469: – M4... Read more
Deal Alert! Mac Studio with M4 Max CPU on sal...
B&H Photo has the standard-configuration Mac Studio model with Apple’s M4 Max CPU in stock today and on sale for $300 off MSRP, now $1699 (10-Core CPU and 32GB RAM/512GB SSD). B&H also... Read more

Jobs Board

All contents are Copyright 1984-2011 by Xplain Corporation. All rights reserved. Theme designed by Icreon.