future payment trends

Future Payment Trends

KONA SOFTWARE LAB LTD.

October 01, 2016

|Copyright 2016, Kona SL Ltd. | All Rights Reserved

Need for Evolution

Need for Evolution

Consumer driven markets.

Consumers drive the market requirements

Convenience

One of the biggest concerns when

considering new forms of payment.

Conflicts with the convenience

requirement but essential

Security

|Copyright 2016, Kona SL Ltd. | All Rights Reserved

Consumer

Payer

Next Generation Smart Cards

Digital Display

Fingerprint Recognition

Mobile

HCE

Wearable

Smart Watches

VR Goggles

Future of payments form factor

|Copyright 2016, Kona SL Ltd. | All Rights Reserved

Mobile Payments

Mobile Payments

Convenience

Secure

Connectivity (NFC and Internet)

Tokenization

Biometrics

HCE (Host Card Emulation)

Security

|Copyright 2016, Kona SL Ltd. | All Rights Reserved

Online Payments

Online Payments

• Dynamic CVV

• 3D Secure Version 2

Greater Security

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Usability

Usability

• Global acceptance (Open Payments)

• Fast transactions (e.g. Transit)

• Account details

Convenience for Acceptance

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Merchants

Merchants

• Portable mPOS

• Consumer recognition (Google Hands Free)

Payments Acceptance

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Acquirer, Issuer and Payments Network

Acquirer, Issuer and Payments Network

• VISA

• Master card

• Local Payment Schemes

• Amazon

• PayPal

• Blockchain

Others Involved

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