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© Worldpay 2014. All rights reserved.
Electronic Payments: A Disruptive Opportunity Chester Ritchie, SVP Head of Market Development & Strategy
© Worldpay 2014. All rights reserved.
EMV Question
2
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My Wallet: 2014
3
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To Online and Mobile Payments
4
Source: BI Intelligence
Billio
ns'O
f'Dollars'
Source:(BI(Intelligence(
US'E0commerce,'M0commerce'And'Mobile'In0Store'Payments'
© Worldpay 2014. All rights reserved.
In-Store Mobile Payments Will Grow 42X In 4 Years
5
Source: BI Intelligence Source:(BI(Intelligence(
© Worldpay 2014. All rights reserved.
Data breaches have created a window of opportunity for payments investment and innovation
Source: Associated Press
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The Invisible War
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EMV: the U.S. is switching to more secure cards with embedded chips
Source: Left: University Of Cambridge, Right: www.chipandpin.co.uk
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That means Retailers will need to upgrade their Terminals
Source: Aite Group, BI Intelligence Estimates
4%#
14%#
35%#
57%#
70%#
87%#
0%#
10%#
20%#
30%#
40%#
50%#
60%#
70%#
80%#
90%#
100%#
2012# 2013# 2014E# 2015E# 2016E# 2017E#
%"Penetra)
on"
Source:(Aite(Group,(BI(Intelligence(Es6mates(
FORECAST:"Chip"Card"Compa) ble"Terminal"Penetra) on""United(States(
We#Are#Here#
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Mobile registers have already cannibalized sales of traditional ‘countertop’ systems
Source: The Nilson Report, BI Intelligence
Growth'Rates'
Source:(The(Nilson(Report,(BI(Intelligence((
Global'Payment'Terminal'Shipment'Growth'Rates*''
© Worldpay 2014. All rights reserved.
Sources: Left: Starbucks, Top Right: Daniel Goodman / Business Insider Bottom Right: MyCheck
Mobile: In-Store and M-Commerce
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MOBILE – In Store (NFC) requires special chip on phones and registers
Source: Isis
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MOBILE (mcommerce) is blurring the line between offline and online payments
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Transactions are completely In-App
Source: GrubHub IPO Filing
$7#
$10#
$19#
$412#
$569#
$1,015#
$1#
$3#
$5#
$7#
$9#
$11#
$13#
$15#
$17#
$19#
$21#
$100#
$200#
$300#
$400#
$500#
$600#
$700#
$800#
$900#
$1,000#
$1,100#
2011# 2012# 2013#
Payment(Processing(Costs(In(M
illions(
Gross(Food(Sales(In(M
illions(
Source:(GrubHub(IPO(Filing(
GrubHub(Gross(Food(Sales(And(Payment(Processing(Costs(
Payment#processing#costs# Gross#Food#Sales#
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New services bringing these in-App payments to sit-down bars/restaurants
Cover
WillCall
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What’s next for the U.S.?
Source: Left-to-right/top-to-bottom: Coin; Google; REUTERS/Andy Clark; Estimote; LevelUp; REUTERS/Bobby Yip; Starbucks; CaixaBank; Samsung
,
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Number 1: Card Present = EMV & NFC
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Number 2: POS is the new credit card terminal
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Number 3. Mobile
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Payments Evolved
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Thank You!
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Any questions? Contact Chester Ritchie [email protected] www.worldpay.com
Worldpay 600 Morgan Falls Atlanta, GA 30350
22