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Introduction

Going forward, the payments industry in Europe is going to undergo dramatic changes. As a result, players in the industry are under pressure to address their payments strategies in order to position themselves for the future.

Scope

*Primarily covers the European payments market

*Areas covered include product innovation, infrastructure investments for future business growth and payments security issues

Highlights

Banks and card issuers need to increase the volume of payments that go through their networks in order to benefit from scale economies and efficiencies. However, they are also looking at ways to attract new customer segments, for example by developing new products and tapping unbanked niches in order to gain new markets and grow margins.

SEPA is likely to change the European banking model insofar as customers with accounts in multiple countries are likely to consolidate to just one. Once this becomes a reality, there is likely to be considerable competition between banks and card issuers to become the new owner of such relationships.

Electronic payments volumes will continue to increase, driven by the move away from traditional cash and check markets, as well as the rise in new electronic payment instruments. As other methods of payment drop off, electronic fraud will become increasingly attractive to criminals so steps must be taken to minimize the risk and tackle fraud.

Reasons to Purchase

*Gain visibility into the dynamics of the European retail payments market

*Gain market insight to assist in your strategic planning and go-to-market strategy

Introduction



Going forward, the payments industry in Europe is going to undergo dramatic changes. As a result, players in the industry are under pressure to address their payments strategies in order to position themselves for the future.



Scope



*Primarily covers the European payments market

*Areas covered include product innovation, infrastructure investments for future business growth and payments security issues



Highlights



Banks and card issuers need to increase the volume of payments that go through their networks in order to benefit from scale economies and efficiencies. However, they are also looking at ways to attract new customer segments, for example by developing new products and tapping unbanked niches in order to gain new markets and grow margins.



SEPA is likely to change the European banking model insofar as customers with accounts in multiple countries are likely to consolidate to just one. Once this becomes a reality, there is likely to be considerable competition between banks and card issuers to become the new owner of such relationships.



Electronic payments volumes will continue to increase, driven by the move away from traditional cash and check markets, as well as the rise in new electronic payment instruments. As other methods of payment drop off, electronic fraud will become increasingly attractive to criminals so steps must be taken to minimize the risk and tackle fraud.



Reasons to Purchase



*Gain visibility into the dynamics of the European retail payments market

*Gain market insight to assist in your strategic planning and go-to-market strategy