ECONv Nversa satio ions The he F Fut uture o of Payments Doug King and David Lott, Payments Risk Experts February 16, 2017 For the latest news: frbatlanta.org/subscribe
Trends in noncash payments 2000-2015, by number Billions 70 Non-prepaid debit cards 60 Number of payments (billions) 50 40 Credit cards 30 ACH 20 Checks 10 Prepaid cards 0 2000 2003 2006 2009 2012 2015 SOURCE: 2016 Federal Reserve Payments Study
E-commerce Sales ($Mn ) $400,000 $350,000 $300,000 $250,000 $200,000 $150,000 $100,000 $50,000 $0 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 SOURCE: U.S. Census Bureau
M-Commerce as a % of E-Commerce 25.00% 20.00% 15.00% 10.00% 5.00% 0.00% SOURCE: comScore m-Commerce Measurement
Starbucks Mobile Payments as a % of Total Payments 50.0% 45.0% 40.0% 35.0% 30.0% 27.0% 25.0% 21.0% 20.0% 16.0% 20.0% 15.0% 18.0% 10.0% 16.0% Figures not 5.0% 5.0% reported by 7.0% 5.0% Starbucks 3.0% 0.0% Q4 2012 Q4 2013 Q4 2014 Q4 2015 Q4 2016 Mobile Order Mobile Pay SOURCE: Starbucks quarterly reports
VULNERABILITIES: Mobile Security Points of Attack Mobile Payment Customer Apps Transaction Authentication NFC, HCE & New opportunities versus Account Secure device security elements and Element Wallet payment tokenization Wireless Mobile Network Device Cloud End User
Internet of Things • Greater convenience but greater risk?
ECONv Nversa satio ions The he F Fut uture o of Payments Doug King and David Lott, Payments Risk Experts February 16, 2017 For information on payments visit: frbatlanta.org/rprf For the latest news: frbatlanta.org/subscribe
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