/
Credit Card Processing & Controlling Costs Credit Card Processing & Controlling Costs

Credit Card Processing & Controlling Costs - PowerPoint Presentation

stefany-barnette
stefany-barnette . @stefany-barnette
Follow
356 views
Uploaded On 2018-12-04

Credit Card Processing & Controlling Costs - PPT Presentation

February 10 2015 2014 Wells Fargo Bank NA All rights reserved Member FDIC Paul Uher SVP Regional Sales Manager Topics Card processing 101 Trends in the consumer bill payment space ID: 735571

card mobile payment bill mobile card bill payment 2014 pay data apple fraud source emv credit amp nfc smart 2013 wallet 2012

Share:

Link:

Embed:

Download Presentation from below link

Download Presentation The PPT/PDF document "Credit Card Processing & Controlling..." is the property of its rightful owner. Permission is granted to download and print the materials on this web site for personal, non-commercial use only, and to display it on your personal computer provided you do not modify the materials and that you retain all copyright notices contained in the materials. By downloading content from our website, you accept the terms of this agreement.


Presentation Transcript

Slide1

Credit Card Processing & Controlling Costs

February 10, 2015

© 2014 Wells Fargo Bank, N.A. All rights reserved. Member FDIC.

Paul Uher

SVP, Regional Sales ManagerSlide2

Topics

Card processing 101Trends in the consumer bill payment space

Innovation focused on bill payment & mobile

1Slide3

2Slide4

Merchant 101 - 4 components of cost

3

5%

90%

5%Slide5

4

What is the 4th

component?Slide6

5

Single integration for multiple channels

Consolidated reporting

Common GoalsSlide7

Source

: United States Federal Trade Commission, Consumer Sentinel

Network July 12th, 2014

Credit card fraud continues to grow

37%

incurred by merchants

mainly at point of sale

from counterfeit cards

$399

average amount of loss

10%

of all Americans have been a victim of credit card fraud

6Slide8

2013

2014

R

ecent data breaches

(# accounts compromised)

In the last year, millions of accounts have been compromised

Target Corp.

40 million

November

Home Depot

56 million

September

Neiman-Marcus

1 million

October

Source

:

need attribute here

7Slide9

E

urocard

M

asterCard

V

isa

The time for change has come – and the deadline is October 15, 2015

Has reduced “card present fraud” by 84% in Europe

1

Liability for counterfeit card transactions

will shift

to merchants not supporting new EMV standards

1

Visa

and EMVCo

studies

8Slide10

An EMV

card has embedded chip

with encrypted information

Transmitted

when

in

close proximity of

EMV reader

Nearly

impossible to

counterfeit

9Slide11

Fraud Management

Decision Manager

Protect e-commerce profits with fraud protection toolsEvaluate transactions in real-timeDevelop a comprehensive fraud protection strategySpend less time on manual reviews

TransArmor

Securely process credit card data with tokenization

10

Layer 1

EMV

Chip

technology adds security at the exact time the card is being authenticated by the terminal (card present only)

Layer 2

Encryption

Secures

transaction data as it is sent for authorization

Layer 3

Tokenization

Tokenization replaces sensitive payment card transaction data in the merchant environment

TransArmor solutionSlide12

In the meantime, Mobile Wallet is changing the way people pay

N

ear

F

ield

C

ommunication

Only a small percent of merchants have upgraded to NFC terminals

The growth potential is large

11Slide13

How Mobile Wallet works

*

*

*

*

Enter Password

...choose pay method

...hold close to NFC reader

...data transfers

Mobile wallet

12Slide14

All data and transmissions are encrypted

Smart phones can be password protected, GPS located and disabled if lost

or stolen

17263748484946

*********

This technology increases security…

13Slide15

*

*

*

*

…reduces fraud risk…

EMV and NFC transactions can enforce additional security if PIN entry is used

Apple Pay integrates fingerprint biometrics as other manufacturers work to add voice and face recognition

14Slide16

Consumer Behavior is Changing

15

U.S. mobile

p

ayments

(Billion $)

>50%

CAGR

16%

of smartphone owners have made

a

mobile bill payment

One Billion

smart phones sold

in 2013

Half

of all e-bills

w

ere delivered via a

b

iller website

or mobile app

Nearly

50%

of businesses plan

to optimize their

mobile commerce site

Sources: First Data, Carlisle & Gallagher Consulting Group, Square, Intuit,

internal analysis

With SmartPhones being the catalystSlide17

o

f Smart Phone users have enabled a Mobile Wallet application

20%

iPhone iTunes account owners are now Apple Pay™ eligible

800M

Apple Pay enabled devices projected in use in U.S. by end of decade

70M

of installed credit card terminals are currently NFC compatible

and yet… 2%

Sources:

Apple statistics: www.theverge.com/2014/9/9/6084211/apple-pay-iphone-6-nfc-mobile-payment

 

Other statistics: www.businessinsider.com/two-in-five-americans-will-use-mobile-wallets-by-2017-2014-1Slide18

Mobile bill pay is exploding

17

Mobile bill pay more than

doubled

from 2012 to 2013.

16% of households

paid a bill with their smartphone in 2013,

compared to 8%

in 2012

Source: Mobile

bill payment surge, Fiserv, February 2014.

17Slide19

Quick Response (QR) codes

2D barcodes read by smartphones or tablets

Codes are printed on paper billsBill recipients use smart phone apps to “read” codesCan redirect to biller’s homepage, biller’s bill payment site, or a bank’s online banking siteMost popular amongst 25-44 year olds (55% of scans)

Utilized by various billers and bill aggregators

18

Source: DST Output 2012Slide20

19

Technology for the Next GenerationSlide21

IBM

5100

portable computer

55 lbs.

.000064 GB

$20,000

Apple

iPhone 6

6 oz.

128 GB

$

500

Over the years…

1978

2014

20

Some things have undergone massive changeSlide22

Uses for Mobile apps and payments

Parks & Rec payments and gift cards

Tax payment collection by field agents or installment paymentsDMV appointment scheduling and paymentParking & citation paymentsHearing scheduling

Hunting and fishing permit purchases

Utility payments

21

Source: DST Output 2012Slide23

Thank You

Paul UherSVP and Regional Sales Manager

Treasury Management

704.383.4149| paul.uher@wellsfargo.com

© 2014 Wells Fargo Bank, N.A. All rights reserved. For public use.

22