Friday, May 24 2013 8:52 AM EDT2013-05-24 12:52:16 GMT
A Windham County man cashes in a lucky lottery ticket. Frederick Randall matched 4 out of 5 numbers plus the power ball for the April 5th drawing.He would have won $10,000, but he played an extra buckMore >>
A Windham County man cashes in a lucky lottery ticket.More >>
Friday, May 24 2013 8:01 AM EDT2013-05-24 12:01:42 GMT
New York Governor Andrew Cuomo is trying to link SUNY campuses with the business world in an effort to create more jobs. This project is called Tax Free NY. New York State Office of General Services CommissionerMore >>
New York Governor Andrew Cuomo is trying to link SUNY campuses with the business world in an effort to create more jobs. This project is called Tax Free NY.More >>
Friday, May 24 2013 7:18 AM EDT2013-05-24 11:18:04 GMT
The Boy Scouts of America announced their decision on allowing gay youth into their program Thursday. The 1,400 member national council voted to change its current policy to allow openly gay youth. TheMore >>
The Boy Scouts of America announced their decision on allowing gay youth into their program Thursday.More >>
Thursday, May 23 2013 9:08 PM EDT2013-05-24 01:08:29 GMT
A staple atop Church Street in downtown Burlington is gone. We told you the fountain was being removed last month. Church Street Marketplace leaders say it was too expensive to run and blocked foot traffic.More >>
A staple atop Church Street in downtown Burlington is gone.More >>
Thursday, May 23 2013 9:01 PM EDT2013-05-24 01:01:37 GMT
If you're approached by a Vermont State Trooper, there's one thing you may not see, a tattoo. That's because for six years the department hasn't allowed visible ink.But VSP Captain David Notte saysMore >>
Vermont State Police say it's considering changing its tattoo policy, to get more recruits. Right now you can't have any visible tattoos, but that could soon change.More >>
Thursday, May 23 2013 6:54 PM EDT2013-05-23 22:54:33 GMT
Yesterday's quick downpour is leaving long-term damage to Burlington roads and businesses. So much so it has the Department of Public Works looking closely at making some major repairs to the entire system. TheMore >>
Yesterday's quick downpour is leaving long-term damage to Burlington roads and businesses.More >>
Thursday, May 23 2013 6:24 PM EDT2013-05-23 22:24:21 GMT
Undocumented immigrants in Vermont won a huge battle in the state legislature this year that will eventually give them the chance to earn driver's licenses. That includes Jose Norman. "I've been hereMore >>
The new law won't take effect until January 2014.More >>
Thursday, May 23 2013 2:51 PM EDT2013-05-23 18:51:07 GMT
Crews are responding to a garbage truck that caught fire off Shelburne Road in Shelburne, Vt. According to the Shelburne Fire Department, something in the back of a Casella Waste truck caught fire. TheMore >>
Crews are responding to a garbage truck that caught fire off Shelburne Road in Shelburne, Vt.More >>
Thursday, May 23 2013 2:04 PM EDT2013-05-23 18:04:40 GMT
The N.H. Senate is expected to take up a bill Thursday to legalize medical marijuana in the state. According to the legislation HB573, it would allow patients with cancer, glaucoma, positive status forMore >>
The N.H. Senate is expected to take up a bill Thursday to legalize medical marijuana in the state.More >>
Thursday, May 23 2013 12:34 PM EDT2013-05-23 16:34:26 GMT
The Essex Fire Department and Vermont Gas are currently investigating the smell of propane at the Edge Fitness Center in Essex, Vt.FOX44 and ABC22 reporter Michael Page says they haven't found anythingMore >>
The Essex Fire Department and Vermont Gas are currently investigating the smell of propane at the Edge Fitness Center in Essex, Vt.More >>
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SOURCE Frost & Sullivan
New features such as prepaid, online and contactless solutions will accelerate micropayment evolution
LONDON, Feb. 25, 2013 /PRNewswire/ -- The micropayments market is set to grow rapidly in Europe. Overall, cash payments are decreasing in the region, and though they still remain the preferred means of payment, the emergence of micropayment solutions and products is fuelling the shift to digital money. In fact, defining a single direction for the European market, optimising fee structure and risk management, and enhancing end-user experience will surely boost the use of prepaid, online and contactless solutions for small payments.
New analysis from Frost & Sullivan on Opportunities in the Micropayments Market finds that the growth of micropayments solutions will be driven by the usage of pre-paid, contactless, and mobile payment solutions. The analysis determines that use of contactless payment cards systems in Europe is expected to increase at a compound annual growth rate (CAGR) of 28.7 per cent from 2011 to 2017. Likewise, with the massive adoption of smartphones and increasing penetration of tablets in Europe, mobile commerce will record a CAGR of 10.6 per cent between 2011 and 2018.
The shift to digital money has a substantial benefit for banks and governments alike. In Europe, the cost of handling cash is high. The European Payment Council (EPC) is working on ways to improve processes and reduce the total cost. "The process of production, transportation, protection and destruction of cash is complex and expensive, and with only 30 per cent of the produced money in circulation, governments are looking to optimise the national cost of cash," saidFrost & Sullivan ICT Global Program Director Jean-Noel Georges. "The economic crisis has also forced governments to streamline tax collection and fight against shadow markets through the use of electronic money and associated Web services."
Moving away from cash, however, comes with many challenges attached. The preference for cash payment among the older generation of users, issues with the business model and lack of infrastructure as well as a clear marketing message have pegged back market growth in the short term.
Consumers have shown varying degrees of readiness to adopt contactless cards. Frost & Sullivan believes that education on the user and merchant sides, with a strong focus on the security features of contactless technologies, will help to popularise the usage of contactless cards, and potentially, of contactless-based mobile payments.
As of now, the future of prepaid cards and prepaid mobile solutions seems brighter. "Turning cash into electronic funds in a stored value account is currently the best approach," noted Georges. "A flexible solution, which includes issuing a prepaid mobile payment account where customers can load the money through peer-to-peer transfers, cash deposits or bank cards and then use the prepaid value with merchants, will encourage non-cash payments."
Lastly, cloud-based mobile payments are also expected to contribute to the expansion of the micropayments market. "Cloud-based m-payments, in principle, are an extension of the traditional online commerce market. However, we believe that as cloud-based m-payment matures, and its awareness among consumers and merchants increases, the solution will play an important role for the in-store payments and micropayments markets," said Georges.
Creating marketing and promotional tools based on target groups and offering aggressive awards and discount programs will also spur demand for micropayments.
If you are interested in more information on this research, please send an email to Joanna Lewandowska, Corporate Communications, at email@example.com, with your full contact details.
Opportunities in the Micropayments Market (9A68-67) is part of ICT Market Insights, which includes research services such as: Cloud Computing in the European Banking Sector, ICT in European Financial Services: A CIO Perspective, ICT Market in European Banking Sector - Market Model, and European Payment Processing Platform Market. All research services included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.
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