The Wallet Revolution

The Wallet Revolution Going shopping? There's no need to open your wallet. You have more options than ever to pay using your smartphone, tablet or even an online account $124 %24 %24 The End of Checking? It will take years for digital payments to replace cash and checks, but some traditional payment methods are already starting to seem antiquated. 57% 3175 John Smith 246 Second Street 2-16-10 Anytown, CA 97503 DATE. Andy's Hardware Twenty-Five Dollars and PAY TO THE ORDER OF $ 25.27 7100 27 DO LLARS OLD SCHOOL BANK 178 Main Street Anytown, CA 97503 House stuff John Smith of B2B payments made by check in 2010 МЕМО 354 :7210600005:3175 007 56026 81% John Smith 2462 246 Second Street Anytown, CA 97503 5-11-04 ATE Mainstreet Market One-Hundred-Twenty-Nine Dollars ani $ 129.42 A2/100 PAY TO THE ORDER OF DOLLARS OLD SCHOOL BANK 178 Main Street Anytown, CA 97503 Eroceries John s mith of B2B payments made by check in 2004 ME MO :7210600005:2462 007 56026354 SOURCE: 2010 ASSOCIATION OF FINANCIAL PROFESSIONALS ELECTRONIC PAYMENTS SURVEY Safe Payments = More Spending E-payment systems are expected to further online spending, but only if they are perceived as safe Customers would spend $109.8 Billion annually if offered a "no credit card required" way to pay online and at merchants 4 out of 5 consumers would spend more online if they considered credit cards safer and had payment alternatives SOURCE: JAVELIN STRATEGY AND RESEARCH, 2011 Taking Advantage of E-Coupons Not only are customers expected to buy more using online payment systems, but they are also more likely to use e-coupons as a result. Digital offers – coupons that typically expire within a few days – will reach a value of - - 3.9 Billion by 2015 50% OFF Today only! in the U.S. SOURCE: MCKINSEY CUSTOMER SURVEY 2010 What Does the Future Hold for E-Payment Consumers? Social media sites will create new payment options Digital wallet hubs will manage multiple accounts 24 Online payments will become less expensive to use SOURCE: DELOITTE CONSULTING, JULY 2011 readwrite %2S) The Wallet Revolution Going shopping? There's no need to open your wallet. You have more options than ever to pay using your smartphone, tablet or even an online account $124 %24 %24 The End of Checking? It will take years for digital payments to replace cash and checks, but some traditional payment methods are already starting to seem antiquated. 57% 3175 John Smith 246 Second Street 2-16-10 Anytown, CA 97503 DATE. Andy's Hardware Twenty-Five Dollars and PAY TO THE ORDER OF $ 25.27 7100 27 DO LLARS OLD SCHOOL BANK 178 Main Street Anytown, CA 97503 House stuff John Smith of B2B payments made by check in 2010 МЕМО 354 :7210600005:3175 007 56026 81% John Smith 2462 246 Second Street Anytown, CA 97503 5-11-04 ATE Mainstreet Market One-Hundred-Twenty-Nine Dollars ani $ 129.42 A2/100 PAY TO THE ORDER OF DOLLARS OLD SCHOOL BANK 178 Main Street Anytown, CA 97503 Eroceries John s mith of B2B payments made by check in 2004 ME MO :7210600005:2462 007 56026354 SOURCE: 2010 ASSOCIATION OF FINANCIAL PROFESSIONALS ELECTRONIC PAYMENTS SURVEY Safe Payments = More Spending E-payment systems are expected to further online spending, but only if they are perceived as safe Customers would spend $109.8 Billion annually if offered a "no credit card required" way to pay online and at merchants 4 out of 5 consumers would spend more online if they considered credit cards safer and had payment alternatives SOURCE: JAVELIN STRATEGY AND RESEARCH, 2011 Taking Advantage of E-Coupons Not only are customers expected to buy more using online payment systems, but they are also more likely to use e-coupons as a result. Digital offers – coupons that typically expire within a few days – will reach a value of - - 3.9 Billion by 2015 50% OFF Today only! in the U.S. SOURCE: MCKINSEY CUSTOMER SURVEY 2010 What Does the Future Hold for E-Payment Consumers? Social media sites will create new payment options Digital wallet hubs will manage multiple accounts 24 Online payments will become less expensive to use SOURCE: DELOITTE CONSULTING, JULY 2011 readwrite %2S)