Top Ten Developments in the Canadian Payments Industry in 2012
The most important developments in Canadian payments industry in 2012 have been on three fronts, viz. regulatory oversight, product innovation and product commercialization. Mobile payments have been top of mind, and while they are still in their infancy in Canada, the year saw some important developments in setting the stage for successful mobile payments rollout. On the regulatory side there have been a number of initiatives, including readying the environment for mobile payments, taking on the big payment card networks and setting the stage for new markets (for example, prepaid). Contactless payments have gained traction as have ‘competing’ debit offerings. Here is our assessment of the top ten developments in the Canadian Payments Industry in 2012 (roughly in chronological order).
Cash threatened by contactless and mobile payments
(Oakville, Ontario – May 16, 2010) — Contactless payments are rolling out rapidly in Canada, and are likely to account for significant transaction volumes and values by 2016, a new study published by Technology Strategies International predicts. According to the recently released market research report titled “Canadian Payments Forecast - 2012”, there is also strong interest in mobile payments, although over the next few years this is likely to ride on the back of contactless rollout. Read more...
TSI to Present at the ATMIA Conference in Toronto
TSI President, Christie Christelis, will present at paper titled, Emerging Payments Technologies: Impacts on the ATM Industry in Canada, at the ATM Industry Association Conference in Toronto on June 26th. The paper will draw on proprietary consumer and industry research to examine the future of cash in Canada in light of the recent developments in mobile and contactless payments. Key strategies that independent ATM deployers can implement to protect their businesses will be identified. To find out more about the ATMIA Conference please visit the conference website.
TSI to Participate in Keynote Panel Discussion at the Mobile Money Forum, Montreal
TSI President, Christie Christelis, will participate in the closing keynote panel discussion at the Mobile Money Forum in Montreal on June 13 and 14. The session, titled, Future State of the Mobile Commerce Marketplace: Evolution of the Ecosystem, will examine the current state of mobile commerce in Canada, social media in the payments space and merchant integration of mobile payments. To find out more about the Mobile Money Forum please visit the Forum website.
TSI to Present at Canadian Payments Innovation Forum
TSI President, Christie Christelis, will present a paper titled "Identifying Consumer-Driven Payment Solutions" at the Canadian Payments Innovation Forum on April 16, 2012. The Forum will be held at the Marriott Bloor Yorkville in Toronto, and run for two days. To find out more about the Forum, please visit the Forum website.
TSI to Present at Cartes North America
TSI President, Christie Christelis, will deliver a joint presentation with Ipsos, titled "Are Consumers Ready for Mobile Payments?" at Cartes North America in Las Vegas, on March 5, 2012. Cartes North America will run from March 5 - 7, inclusive, and will have a special track for Global Mobile Payments & Services Initiatives. For more information please visit the Cartes North America website.