All articles by Verdict Staff

2013 Predictions: Jerry Norton, head of strategy, financial services, Logica, part of CGI

Being able to pay from of your bank account rather than your card account and enabling that on a mobile device will have a revolutionary effect on the market and there are a number of people looking at exactly that method of pay.

2013 Predictions: Bob Lyddon, Owner, Lyddon Consulting

In 2013, it will become apparent that the scope of the SEPA migration will leave many payment schemes from the legacy world either untouched or not moving until 2016. Even to achieve the more limited migration by 2014, different countries will have to include extra data beyond the EPC specs, in the form of Additional Optional Services (AOS). These uncertainties, combined with the late start on work by users, will compress the time available for IT development, process change and design. Preventing an adequate testing phase, this is a high risk strategy.

Predictions 2013: Daragh O’Byrne, chief marketing officer, BPC Banking Technologies, BPC Group

I don’t believe that NFC is going to be anywhere near as big as people think its going to be, in the next 12 or 18 months. This, for three reasons: firstly, the fact that many people don’t know how to use it needs to be overcome, which will take a huge marketing effort and educational piece.

Predictions 2013: Mike Fromant, group managing director, Contis Group

We will see an increase in the number of merchant branded payment cards launching with their own loyalty schemes bolted on. In 2013 big merchants will continue to explore new revenues generated from their customer data. A merchant branded payment card offering cash back and/or rewards on purchases is a shrewd product for brands wanting to track spending habits while encouraging regular and repeated spend in their stores. Next year, more retailers will move to get a piece of this action.

Predictions 2013: Philippe Eschenmoser, Head of business consulting, SIX Payment Services.

“Smart devices have called for more attention to mobile payments, but it’s worth noting that the “hype” needs to be taken at face value. Yes, mobile payments will shape the future of the industry, but market entrants and technology brands will not have enough in their arsenal without partnering with established players”

Predictions 2013: Phil Curtis, Managing Director, First Data Merchant Solutions

The retail experience is changing all around us and 2012 has seen consumers utilising a host of different channels to shop. More than ever, customers are researching their purchases, be it at home online or via their mobile phone on the move. Many are seeing something they like in-store and then ordering over the internet so that the product can be delivered to their front door.

Predictions 2013: David Webber, managing director, Intelligent Environments

CreditHelpCards.com introduces advanced credit card approval process

American credit card finance provider CreditHelpCards.com has recently come up with an approval system which the company claim offers super fast approval facility to all applicants, even those with poor credit.

Mobile wallets not to pick up in 2013

Mobile wallets are not likely to take off significantly in 2013, according to a research by ICM.

Predictions 2013: Ather Williams, managing director, head of global payments & foreign exchange, global treasury solutions at Bank of America Merrill Lynch

I expect to see acceleration in the acceptance of electronic payments, the migration from paper to electronic payments. Particularly in North America, and there continuing around the world.