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4th Host Card Emulation Summit 2017, SPA Supporting Organization

HCE Summit 17 Logo

1st December 2017, Brussels, Belgium

Trustech, SPA Supporting Organization

Trustech17

28-30 November 2017, Cannes, France

IFSF Annual Conference 2017, SPA Partner Organization

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14-15 November 2017 - Paris

IoT 2017 Payments, SPA Supporting Organization

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10-11 October 2017, Austin, TX - USA

Smart Payment Association - October 2017 Update

Sylvie Gibert Gemalto news
 

SPA's Position on the European Banking Authority (EBA)'s Consultation on the Draft recommendations on outsourcing to cloud service providers under Article 16 of Regulation (EU) No 1093/20101

Cloud Service Provider

Could Cooperative Competition Offer a Way Forward for Banks and Fintechs?

Fintech

Could Cooperative Competition Offer a Way Forward for Banks and Fintechs? Latest SPA Paper - October 2017

Cloud Service Provider

Munich, 9th October 2017 – the Smart Payment Association (SPA), the trade body of the smart payments industry, today launches its latest insight paper exploring the potential of cooperative competition between banks and fintechs.

 

Coopetition or co-opetition is the buzzword for the concept of “cooperative competition” - a term that perfectly encapsulates the current hybrid relationships that exist between banks and fintechs.

 

 

Innovative IT products and services continue to transform the financial sector, with fintechs developing specific finance technologies that have the potential to disrupt and revolutionize how we borrow money, manage our financial assets or make payments.

 

 

In recent years new e- and m-banking technologies have proven highly successful at delivering convenient and easy online access and management capabilities for banking customers. But with the advent of the Payment Systems Directive 2 (PSD2), fintech Third Party Payment Providers (TPPs) will also be given access to customer account information. In the past, during the e-banking breakthrough, the focus was on good access technology and customer authentication. Now these same technologies could potentially be used by non-banking entities to compete with banks. This shift will require a revision of existing legal frameworks to ensure customers remain protected.

 

 

The Smart Payment Association (SPA) believes that, despite the current fintech buzz, in 2020 banks will continue to play a dominant role as retail payment intermediaries. In other words, despite all the hype around new payment instruments and market incomers, the structure of the retail payment market is stable and unlikely to change for the foreseeable future. Indeed, in the last decade, only two third party initiatives have achieved breakthrough success - PayPal and Alipay in China – neither of which can be strictly considered as a fintechs.

 

 

The reality is that card payments around the globe continue to grow steadily and the observed reduction in the number of cash transactions is benefiting contactless cards, rather than alternative payment means, such as digital currencies. In seems that the recent history of the payments card market has not, therefore, been greatly impacted by the fintech evolution. In the longer term, however, the payment preferences of the Millennial generation may well determine a different future payments landscape.

 

 

The SPA notes that in recent years banks have demonstrated a great ability to pioneer and leverage their infrastructures with major IT breakthroughs and that many fintech innovations typically relate to back-office processes – something that may well represent an opportunity rather than a threat for conventional players. For example, recent blockchain use cases rationalize processing by enabling cooperation between competitors. In the present context, where bank direct investments are considered at risk, sharing efforts makes sense. This is one reason why many institutions have organized consortiums to help fund fintech research and development efforts.

 

 

Yet there are financial services - Third Party Payment Provider (TPP) services, crowdfunding - where fintech might directly compete with banks – and the financial industry at large needs to monitor and control the potential risks arising from financial services being offered by fintech incomers. New actors offering financial services might, for example, also issue their own payment instruments. Since card payments are primarily bank and scheme centric, if the banking sector’s position is challenged by fintech, so too is that of the card industry.

 

 

This challenge will be stronger if the banking industry appears weakened. With this respect, SPA notes that the European Banking Authority (EBA) has observed that following the financial crisis the European Union (EU) ’s banking sector is now consolidating. If this trend continues, there will be multiple opportunities for banks and fintechs to collaborate in the development of new services without substantial changes to the market structure.

 

 

In this paper, in the wake of the European Commission (EC) and EBA consultations on fintech, as well as the positions expressed by the European Parliament, SPA shares its views with the payment industry. While recommending a specific legal framework is outside our domain of expertise, this document is intended to prompt discussion by examining some of the issues that will need to be addressed: business models, collaborative patterns, the role of international standards and financial data security. Important questions that, in the opinion of the SPA, have not yet been sufficiently debated.

 

Download pdf Paper (199 KB)

Wearable Tech: A Growing Payment Opportunity - Latest SPA Paper - July 2017

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Wearable Tech: A Growing Payment Opportunity - An SPA White Paper - July 2017

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SPA Launches New Market Monitoring Advisory Councils - June 2017

market monitoring

Two Advisory Councils open up participation in market monitoring activities and data to non-SPA members

 

JOIN NOW

 

 

• Non-SPA members operating in the payment value chain can participate and collaborate in market monitoring activities as Advisory Council Members

 

 

• Advisory Council Members gain access to proprietary market data sets that keeps them abreast of global market trends

 

 

• Provides valuable networking opportunities with other organizations operating in the wider payment ecosystem

 

2016 Top Smart Payment Card Shipment Figures - May 2017

• Over 2 billion smart payment cards shipped globally in 2016 by SPA members

• Contactless card shipments account for more than 50% of shipments in most regions

• Most regions exhibit double digit growth, with India’s transition away from cash producing a five-fold increase in smart card shipment volumes

 tspcs figures

 

 

Instant Payments Summit 2017, SPA Supporting Organization

http://www.instantpaysummit.com  

We are proud to introduce world’s first dedicated Instant Payments Summit. Real Payments is real - 2017 has been be dubbed as the “Year of Instant digital Payments” and this event comes very timely especially for Banks, Merchants and Payment Service Providers (PSPs). This unique initiative supported by Nets A/s will be presented by some of the industry’s leading thought leaders and domain experts who will bring vital insights from live implementations and could help you drive your own Instant payments initiative.

For more info please stay tuned at http://www.instantpaysummit.com

Twitter: https://twitter.com/instantpymnts

Linkedin: https://www.linkedin.com/groups/4090712

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Instant Payment Systems Security - An SPA Paper - April 2017

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Web Fraud Prevention and Online Authentication Market Guide 2016/2017 by The Paypers

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The Smart payment Association has been happily contributing to the Web Fraud Prevention and Online Authentication Market Guide 2016/2017 which has just been released and been made available for download in the Reports section of their website.

International Forecourt Standard Forum (IFSF) and Smart Payment Association (SPA) announce cooperation

ifsf logo

We wish you all a very happy, and increasingly cashless New Year!

 Cashless World

 

Having enjoyed the holidays here at the SPA, we would like to wish you all a very happy, and increasingly cashless New Year!

Transitioning to a Cashless World – the Current State of Play - January 2017

Cashless World

Smart Payment Association - December 2016 Update:

 

Dear Colleagues,

 

In recent months, we’ve seen the payment industry’s innovation agenda take a significant step forward. After much work, the standardization initiatives, and regulatory and authentication frameworks, are at last coming together.

Trustech (incorporating Cartes), SPA Supporting Organization

Smart payment association - article blog

Palais des Festivals, Cannes, France - 29 November - 1 December 2016

RTS ON STRONG CUSTOMER AUTHENTICATION - The SPA Position - December 2016

 

RTS SPA postion

Cashless World - SPA Supporting Organization

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November 7-9, 2016, Brussels, Belgium

Money 20/20 - SPA Supporting Organization

m2020 2016

Las Vegas, October 23-26, 2016

Security of Things: Security, Authentication, and the Internet of Things, SPA Supporting Organization

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Chicago, Illinois, USA, 18-19 October 2016

Retail Banking Forum - SPA Supporting Organization

Retail Banking Forum 2 oct2016

Vienna, Austria, 12-13 october 2016

Blockchain for Finance - SPA Supporting Organization

Smart payment association - Upcoming events- Blockchain

London, 3rd October 2016

Smart Payment Association - September 2016 Update

andreas stroble 17

Dear Colleagues,

The global payments industry is moving at a fast pace. Driven by pressure from major e-commerce and IT giants like Google, Samsung and Apple, financial institutions have been fervently pursuing standardization initiatives – both within SEPA[i] and at a global level – in a bid to improve services to customers and assure their central intermediation role in the payments ecosystem. Meanwhile,

Welcome to the Smart Payment Association New Website !

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Is there a case for the regulation of tokenization services - An SPA Paper - May 2016

Smart payment association - article blog

Smart Payment Association Releases 2015 Smart Payment Card Shipment Figures

Smart payment association - article blog

Preliminary finds of SPA's 2014 smart card payments review

Smart payment association - article blog

Creating a competitive market for interoperable Mobile Wallets

Smart payment association - article blog

How will we be paying in 2020 - The 12 Points by SPA's Technical Director, Lorenzo Gaston

Lorenzo Gaston Smart Payment Association 2

A Secure Profile for Tokenization in e and m-Commerce

Smart payment association - article blog

Contactless Payment Benefits & Worldwide Deployments - Food for thought for US issuers - April 2016

Smart payment association - article blog

Strengthening Card Authentication: a migration to DDA - An White Paper by SPA - July 2015

Smart payment association - article blog

Biometrics for Financial Services - A White Paper by SPA - December 2013

Smart payment association - article blog

Instant Issuance - A White Paper by SPA - December 2013

Smart payment association - article blog

PIN by SMS - A White Paper by SPA - December 2011

Smart payment association - article blog

Business Continuity Management in the Payment Card Industry - A White Paper by SPA - December 2011

Smart payment association - article blog

Private Label Payment Solutions - A White Paper by SPA - November 2011

Smart payment association - article blog

Investigating the myths and realities of contactless payment fraud - An SPA Paper - April 2016

Smart payment association - article blog

Investigating the myths and realities of contactless payment fraud - A Q&A by SPA - April 2016

Smart payment association - article blog

PSD2 - The SPA Position - January 2016

Smart payment association - article blog

MIF Regulation: have you paid attention to article 10? - December 2015

Smart payment association - article blog

Is Host Card Emulation (HCE) the big enabler for Mobile Contactless Payments? - December 2015

Smart payment association - article blog

Creating a competitive market for interoperable Mobile Wallets* - An SPA Position Paper - Feb 2015

Smart payment association - article blog

Driving Forward with Tokenization and HCE - An SPA Position Paper - October 2014

Smart payment association - article blog

Business Continuity Management in the Payment Card Industry - December 2011

Smart payment association - article blog

Tokenization and Protection of Card Data for Online Payments - An SPA Position Paper - May 2014

Smart payment association - article blog

Cloud Computing Versus Card - An SPA Position Paper - November 2013

Smart payment association - article blog

Managing the UICC Certification Lifecycle - An SPA Position Paper - November 2013

Smart payment association - article blog

The New European Directive on Payments (PSD2) - SPA’s Position - September 2013

Smart payment association - article blog

Fallback to Chip Payment Application - The SPA Position - July 2013

Smart payment association - article blog

Certification on Mobile Payment Platforms - The SPA Position - April 2013

Smart payment association - article blog

Security for Mobile Payments - The SPA Position - February 2012

Smart payment association - article blog

Electrostatic Discharge (ESD) in Payment Terminals - The SPA Position - February 2012

Smart payment association - article blog

11th Middle East Retail Banking Forum and Expo 2016 - SPA Supporting Organization

Smart payment association - article blog

2nd Electronic and Mobile Payments in the Arab World Conference 2016, SPA Supporting Organization

Smart payment association - article blog

Money2020 Europe 2016, SPA Supporting Organization'

Smart payment association - article blog

Smart Card Alliance Payments Summit 2016, SPA Supporting Organization

Smart payment association - article blog

RBTE 2016, SPA Supporting Organization

Smart payment association - article blog

Bank Inno 2016, SPA Speaking and Supporting Organization

Smart payment association - article blog

Contactless Payment Benefits & Worldwide Deployments - Latest SPA Paper - April 2016

Smart payment association - article blog

Smart Payment Association Releases 2015 Smart Payment Card Shipment Figures - 27 April 2016

Smart payment association - article blog

Review by Nicolas Raffin, President of the Smart Payment Association - 27 jan 2016

Smart payment association - article blog

PSD2 - The SPA Position - 27 Jan 2016

Smart payment association - article blog

Is Host Card Emulation (HCE) the big enabler for mobile contactless payments? - 17 Dec 2015

Smart payment association - article blog

MIF Regulation: have you paid attention to article 10? - 8 Dec 2015

Smart payment association - article blog

The Future’s Bright as Cards Get Smarter - 7 Sept 2015

Smart payment association - article blog

It's just less than a month to go before the October EMV Liability Shift deadline - 7 Sept 2015

Smart payment association - article blog

Strengthening Card Authentication: a migration to DDA - Latest SPA Paper - July 2015

Smart payment association - article blog

Smart Payment Association (SPA) releases total market estimate 2014 figures - 4 May 2015

Smart payment association - article blog

A competitive market for interoperable mobile wallets - Latest SPA Paper - March 2015

Smart payment association - article blog

Contactless payment and US chip-and-PIN adoption drives smart payment card growth in 2014 - Feb2015

Smart payment association - article blog

Web Fraud Prevention, Online Security & Digital Identity Market Guide 2014-2015 available - Dec 2014

Smart payment association - article blog

How will we be paying in 2020 - The 12 Points by SPA's Technical Director, Lorenzo Gaston - Jan2015

Lorenzo Gaston Smart Payment Association 2

Review by Sylvie Gibert, President of the Smart Payment Association - 26 Jan 2015

Smart payment association - article blog

Review by Sylvie Gibert, President of the Smart Payment Association - 22 Oct 2014

Smart payment association - article blog

Driving Forward with Tokenization and HCE - Latest SPA Paper - Oct 2014

Smart payment association - article blog

Smart Payment Association (SPA) welcomes Trüb AG as a new member

Smart payment association - article blog

EMV is neither a 20-years-old nor an obsolete technology but simply the best solution

Smart payment association - article blog

Latest SPA Paper: Tokenization and Protection of Card Data for Online Payments

Smart payment association - article blog

15 May 2014: Review by Sylvie Gibert, President of the Smart Payment Association

Smart payment association - article blog

Contactless Card Shipments Jump enabling Shoppers Take Advantage of Everyday Payment Convenience

Smart payment association - article blog

A Year in Secure Payment – 2013 Review by SPA's Technical Director, Lorenzo Gaston

Lorenzo Gaston Smart Payment Association 2

21 Jan 2014: Review from Smart Payment Association's President Andreas Strobel

Smart payment association - article blog

Special Report into Instant Issuance published by Smart Payment Association

Smart payment association - article blog

Smart Payment Association (SPA) sets out biometric payment card proposals

Smart payment association - article blog

SPA publishes position on Cloud Computing versus Card

Smart payment association - article blog

SPA publishes position on The New European Directive on Payments – The PSD2

Smart payment association - article blog

Media Update: Investigating the myths and realities of contactless payment

Smart payment association - article blog

Position Paper 'Fallback to Chip Payment Application' published by Smart Payment Association

Smart payment association - article blog

Contactless Card Shipments Break all Records as Consumers Adopt New Ways to Pay

Smart payment association - article blog

Position Paper 'Certification on Mobile Payment Platforms' published by Smart Payment Association

Smart payment association - article blog

Banks lose millions in PIN by post distribution

Smart payment association - article blog

SPA explains EMV2.0 vision

Smart payment association - article blog

Position Paper on Security for Mobile Payments published by Smart Payment Association (SPA)

Smart payment association - article blog

Smart payment card shipments hit one billion in 2011

Smart payment association - article blog

SPA, Endorsing Organization of The Mobile Payments Market Guide 2012 published by The Paypers

Smart payment association - article blog
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SPA - smart payment association

CONTACT
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Company responsible as defined by the Press Law, Supplier of Services and Systems in the Media and Telecommunications sector:

Smart Payment Association e.V. PO Box 800729, D-81607 Munich, Germany

 

Management Board: Andreas Strobel, Sylvie Gilbert, Alen Lopez, Julien Drouet

 

Commercial Register:Amtsgericht Munich VR 1898

 

VAT Registration Number:DE262904711