Future Payment Trends
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Transcript of Future Payment Trends
Future Payment Trends
KONA SOFTWARE LAB LTD.
October 01, 2016
|Copyright 2016, Kona SL Ltd. | All Rights Reserved
Need for Evolution
Need for Evolution
Consumer driven markets.
Consumers drive the market requirements
Convenience
One of the biggest concerns when
considering new forms of payment.
Conflicts with the convenience
requirement but essential
Security
|Copyright 2016, Kona SL Ltd. | All Rights Reserved
Consumer
Payer
Next Generation Smart Cards
Digital Display
Fingerprint Recognition
Mobile
HCE
Wearable
Smart Watches
VR Goggles
Future of payments form factor
|Copyright 2016, Kona SL Ltd. | All Rights Reserved
Mobile Payments
Mobile Payments
Convenience
Secure
Connectivity (NFC and Internet)
Tokenization
Biometrics
HCE (Host Card Emulation)
Security
|Copyright 2016, Kona SL Ltd. | All Rights Reserved
Online Payments
Online Payments
• Dynamic CVV
• 3D Secure Version 2
Greater Security
|Copyright 2016, Kona SL Ltd. | All Rights Reserved
Usability
Usability
• Global acceptance (Open Payments)
• Fast transactions (e.g. Transit)
• Account details
Convenience for Acceptance
|Copyright 2016, Kona SL Ltd. | All Rights Reserved
Merchants
Merchants
• Portable mPOS
• Consumer recognition (Google Hands Free)
Payments Acceptance
|Copyright 2016, Kona SL Ltd. | All Rights Reserved
Acquirer, Issuer and Payments Network
Acquirer, Issuer and Payments Network
• VISA
• Master card
• Local Payment Schemes
• Amazon
• PayPal
• Blockchain
Others Involved
Copyright ⓒ 1999-2013 Kona I Co., Ltd All Rights Reserved. Copyright © 2016, KONA Software Lab Ltd. All Rights Reserved
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