DCR’s Favourite Payment Industry Posts of February 2017

payment industry

We’re two months into 2017, and already we’ve got a slew of great articles about the payment industry. Here are some of our favourite and most notable articles so far:

Financial Predictions For 2017
We’ve looked into our crystal ball and have a few financial predictions for 2017, ranging from Trump and Europe to prepaid and credit card debt.

“Innovations such as virtual gift cards, cards registered to biometrics, and mobile payments like Apple Pay, Android Pay, etc., will make prepaid even more attractive to new and existing customers and businesses. Over the next five years, overall spending on mobile devices is expected to increase by 23 percent annually from 2016 to 2021.”

Prepaid Cards Provide a Model for Partnership Between Fintech Companies and Banks
The Financial Post weighs in on the rapid-fire rise of open-loop prepaid cards and how further growth will affect the Canadian market.

“The mass adoption of technology has led to a digital revolution in financial services, as well as the rapid rise of the fintech industry, and banks are no longer consumers’ only option for lending, payments, savings vehicles and remittances across borders.”

Cashless Payment Options for 2017
We take a look at the various cashless options available to consumers and businesses in 2017/

“There is no better time than the New Year for a company to reinvent themselves and offer their clients payment solutions that align with current market trends. After all, electronic payments will continue to grow as time progresses and as technology becomes more sophisticated.”

How Will Apps Disrupt the Payments Industry in 2017? [Video]
PaymentEye met Mike Camerling, CPO at AEVI, at last year’s Money 20/20 in Las Vegas to get his take on the year’s trends, the evolution of B2B space and to see what the future holds for the payments industry.

“As consumers become more tech savvy and mobile adoption rates continue to creep up, merchants’ needs are evolving – particularly when it comes to handling Face to Face (F2F) payment transactions and day-to-day business operations. Each”

Prepaid Continues To Impress Canadians, Bank Account Usage Drops
The second annual “How Canadians Pay Today” survey from the Canadian Prepaid Providers Organization, which polled over 1000 Canadian consumers, is out. Check out the results here.

“Reloadable prepaid cards are a huge hit with Canadian consumers, with 95 percent of consumers saying that they are satisfied with the products in 2016.”

Trend Watch 2017: Payments Year in Review
Paybefore’s first-ever Payments Year-in-Review report, sponsored by The Bancorp, is available now. Offering an in-depth look at key trends and the Top 10 payments stories from 2016 that will continue to shape the industry in 2017 and beyond, this must-have resource examines everything influencing payments from the CFPB and Uber to Brexit and Trump and much more.

15 Stats That Highlight The Importance Of Digital Payment Cards
We’ve crunched the numbers, and here are the stats that prove the importance of digital payment cards.

“Businesses that provide four or more payment ooptions see 12 percent more conversions than business that offer just one payment method.”

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