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European Payments Planning Review

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Published Date : Sep 2012

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No. of Pages : 134 Pages

  • The Payment Services Directive (PSD) and the Single Euro Payments Area (SEPA) make cross-border payments as easy, efficient and secure as 'national' payments within a Member State of Europe. This payment system has enabled banks to look for more innovative services to their clients, particularly around corporate information services, e-payments, m-payments and e-invoicing
  • This report covers the different opinions of various national banks in the Europe region
  • It provides in-depth knowledge of single payment systems across nations
  • Future growth of the European trading system with the help of PSD and SEPA systems is discussed
  • The report also discusses the limitations of the PSD and SEPA systems


The survey by the Financial Services Club on Payment Services Directive (PSD) and the Single Euro Payments Area (SEPA) gave a greater insight into the single payment system in the European region. Overall, 64% of banks and 67% of infrastructure providers believe interpretation at country level is an issue. The Austrian, Belgian, Swedish and Swiss all say there is no consistency of interpretation, and the Spanish and Swedish all state that the implementation is inconsistent.


This report will allow you:

  • To understand the opinions of different banks at a national level on PSD and SEPA
  • To understand the major challenges faced by the trading system with the current single payment systems
  • To analyze the impact of government practices on the European payment planning system
  • Understand the various practices followed by the various payment institutions

Reasons To Buy
  • Provides detailed analysis of various payment systems in the European region
  • There is a special emphasis on the opinions of various national banks across Europe
  • The report focuses on the impact of the European single payment planning system on the trading system
  • Provides in-depth analysis of the challenges faced by current payment institutions

Key Highlights
  • SEPA and PSD implementations are replacing the current payment systems.
  • Most of the respondents provide positive opinion towards the European payment planning system.
  • Various payment institutions have shared their views and also discussed the future challenges of the single payment system.
Table of Content

1 Executive Summary

2 Introduction

2.1 Mobile Banking Defined
2.2 The Development of Mobile Banking
2.3 The Relationship between Banks and Mobile Carriers
2.4 Summary

3 The Business Case: Mobile Industry Growth Shaping New Scenarios for Mobile Banking
3.1 The New Frontier for Mobile Banking Services
3.2 The Global Penetration of Mobile Phone Subscriptions Doubled since 2000
3.3 Mobile Network Operations: The Latest Passenger on the Mobile Financial Services Express
3.4 Mobile Evolution to Amplify Internet Penetration: 3G Networks in 159 Countries
3.5 Mobile Handset Manufacturers: What is their Role in Mobile Financial Services?
3.6 Handset Producers and Banks: The Nokia Money Case
3.7 Mobile Operative Systems and Mobile Payments: The Google Checkout Case
3.8 Mobile Growth and the Technological Revolution: Opportunities for Mobile Banking and Payments
3.8.1 Developed economies
3.8.2 Emerging economies
3.9 Anytime and Anywhere: The Convenience of Mobile Financial Services for Consumers
3.1 What are the Key Features of Mobile Financial Services?
3.10.1 Ubiquity
3.10.2 Immediacy
3.10.3 Localization
3.10.4 Instant connectivity
3.10.5 Pro-active functionality
3.10.6 High security
3.11 What are the Advantages of Mobile Financial Services?
3.11.1 Context-specific services
3.11.2 Spontaneous decisions
3.12 Summary

4 Generating Revenue Through Value-Added Services
4.1 Leveraging the Unique Characteristics of the Mobile Channel
4.2 Mobile Banking Products
4.2.1 Basic transactions
4.2.2 SMS alerts
4.2.3 Mobile brokerage
4.2.4 Transaction authentications
4.2.5 Mobile remote cheque deposit
4.2.6 Mobile payments
4.2.7 Non-contactless mobile POS payments
4.2.8 Mobile content payments
4.2.9 Remittances
4.2.10 Instant SMS loans
4.2.11 Personal Financial Management
4.3 Summary

5 Enhancing Other Delivery Channels
5.1 Online Channel
5.2 ATM Channel
5.3 Call Centre and IVR Channel
5.4 Branch Channel
5.5 Cards
5.6 Summary

6 Marketing via the Mobile Channel
6.1 Advantages of Mobile Marketing
6.2 The Mobile Marketing Industry
6.3 Consumer Reaction to Mobile Marketing
6.4 The Role of Customer Permission
6.5 Regulatory Considerations
6.6 OCBC Bank Singapore Integrating CRM into the Mobile Channel
6.7 Seven Mobile Marketing Campaigns
6.7.1 Citi - Interactive mobile advertisements in USA Today
6.7.2 HSBC UK - Bluetooth messages sent to people passing its branches
6.7.3 HSBC US - Text interactions in street performances
6.7.4 Barclays - SMS game for youth accounts
6.7.5 BBVA - Offering mobile downloads in CSR campaign
6.7.6 Banesto Bank Mobile interactivity with in-branch digital signage
6.7.7 JP Morgan Chase Text-to-win US Open tickets
6.8 Mobile Delivery of Merchant Coupons and Offers
6.8.1 Alternative payments providers combining marketing with payments
6.8.2 Banks linking promotions with mobile payments
6.8.3 Tyfone and Bank of Oswego - An early trial
6.8.4 Visa and Chase Bank mobile coupons
6.8.5 Firethorn Holdings
6.8.6 ClairMails Free Money
6.9 Should Banks be Delivering Merchant Coupons and Offers?
6.1 Summary

7 Banking the Unbanked
7.1 The Unbanked Market
7.2 Mobile as a Distribution Channel
7.3 Mobile as a Gateway Product
7.4 Summary

8 Choosing a Technology Platform
8.1 Voice-Based Platforms
8.1.1 Call centre / interactive voice response
8.1.2 First Direct Video Banking
8.2 Message-based Platforms
8.2.1 SMS
8.2.2 USSD
8.2.3 MMS
8.2.4 Mobile email
8.2.5 Instant messaging
8.3 Browser-based Platforms
8.3.1 Yodlee
8.3.2 Accessing regular online banking on the mobile phone
8.4 Application-based Platforms
8.4.1 WAP versus app
8.4.2 Back-end integration
8.4.3 Customer support functionality
8.5 Summary

9 Security Considerations
9.1 User Authentication
9.1.1 Finding the balance between security and usability
9.1.2 Challenge questions
9.1.3 Two-factor authentication
9.1.4 Voice authentication
9.2 Encryption
9.3 Security of Device
9.4 MoPho Phishing
9.5 Viruses
9.6 Summary

10 Usability Considerations
10.1 Summary

11 Marketing Considerations
11.1 Phased Rollout is Better
11.2 Marketing for Brand Enhancement
11.3 The Importance of Consumer Education
11.4 Target Offerings to Specific Customer Segments
11.5 Summary

12 United States
12.1 The Relationship Between Banks and Carriers
12.2 Firethorn
12.3 mFoundry
12.4 Carrier Agnostic Platforms
12.4.1 ClairMail/Monitise
12.4.2 MShift
12.4.3 Bank of America
12.5 Multiple Platforms
12.5.1 Wells Fargo
12.6 Future Developments
12.7 Summary

13 United Kingdom
13.1 The Mobile Banking Market
13.2 Monilink
13.3 First Direct
13.4 Barclays
13.5 Future Developments
13.6 Summary

14 Germany
14.1 The Mobile Banking Market
14.2 Mobile Banking Offerings
14.3 Deutsche Postbank
14.4 Future Developments
14.5 Summary

15 South Africa
15.1 The Mobile Banking Market
15.2 First National Bank
15.3 MTN Banking
15.4 Wizzit Bank
15.5 Future Developments
15.6 Summary

16 New Zealand
16.1 The Mobile Banking Market
16.2 National Bank of New Zealand
16.4 PSIS
16.5 Future Developments
16.6 Mobile Banking in Australia
16.7 Summary

17 Key Emerging Markets
17.1 China
17.2 India
17.3 Indonesia
17.4 Nigeria
17.5 Brazil
17.6 Summary

18 Glossary

19 Appendix

19.1 Methodology
19.2 Contact Us
19.3 About Timetric
19.4 Disclaimer

List of Table

Table 1: Active Mobile Broadband Subscriptions by Region in 2010 and 2011
Table 2: Worldwide Mobile Device Sales and Market Shares, 20102011
Table 3: Global Mobile Handset Shipments and Market Shares, Q1 2012
Table 4: Merchant Fees for Processing Sales Through Google Checkout
Table 5: Effects of Mobile, Internet and Banking Infrastructures in Developed and Emerging Markets
Table 6: BRIC Mobile Connections and Penetration, 2011
Table 7: Business Models for Mobile Payments
Table 8: Mobile Advertising Revenue by Region, Worldwide, 2010-2015 (Millions of Dollars)
Table 9: Worldwide Mobile Device Sales to End Users by Vendor in Q4 2011 (Thousands of Units)
Table 10: Mobile Subscribers in China by Operator (March 2012)
Table 11: Telecom Subscribers in India

List of Chart

Figure 1: Screenshot of RaboMobiel Home Page
Figure 2: Mobile Banking Reached 100 Million Users in Four Years
Figure 3: Mobile Subscriptions per 100 Inhabitants
Figure 4: Internet Subscriptions per 100 Inhabitants
Figure 5: Mobile Cellular Subscriptions by Geographical Region (Millions)
Figure 6: Internet Subscriptions by Geographical Region (Millions)
Figure 7: Mobile Operative Systems Forecast Market Shares, 2011-2015
Figure 8: Opportunity Areas for Mobile Banking and Payments
Figure 9: Brand Association Map for Mobile Banking in the US
Figure 10: Most Common Online Banking Activities of US Consumers
Figure 11: Screenshot of E*TRADE Mobile Brokerage Home Page
Figure 12: Screenshot of Mitek Systems Mobile Deposit Capture Home Page
Figure 13: Expected Growth in Number of NFC-enabled Phones
Figure 14: Octopus, Suica and Oyster Cards
Figure 15: Screenshot of Mobibucks Home Page
Figure 16: Screenshot of PayMate Home Page
Figure 17: Verrus Parking Sticker
Figure 18: Obopay Home Page
Figure 19: M-Pesa Marketing Poster
Figure 20: Screenshot of Smart Money Home Page
Figure 21: Screenshot of GCASH Home Page
Figure 22: Screenshot of ShopText Home Page
Figure 23: Screenshot of Mobot Home Page
Figure 24: Screenshot of Ferratum Home Page
Figure 25: Monitise Home Page
Figure 26: Blyk Home Page
Figure 27: OCBC Mobile Banking Home Page
Figure 28: Mocapay Home Page
Figure 29: Mobile Banking Technological Platforms
Figure 30: Main Reasons for Not Using Mobile Banking
Figure 31: Main Reasons for Not Using Mobile Payments
Figure 32: The Growth of Malware
Figure 33: Mobile Threats Motivated by Profit
Figure 34: Mobile Threats by Type
Figure 35: Kiwibank Home Page
Figure 36: Bank of America Morris on Campus Campaign
Figure 37: mFoundry Home Page
Figure 38: MShift Home Page
Figure 39: Bank of America Online Mobile Banking Demo
Figure 40: Wells Fargo Mobile Banking Home Page
Figure 41: First Direct Mobile Banking Home Page
Figure 42: Barclays Hello Money
Figure 43: Deutsche Bank Mobile Banking
Figure 44: FNB Mobile Banking Home page
Figure 45: MTN Banking Home Page
Figure 46: Wizzit Bank Home Page
Figure 47: New Zealand Mob Survey
Figure 48: National Bank Mobile Banking Home Page
Figure 49: Kiwibank Mobile Banking Online Demo
Figure 50: The Co-operative Bank Home Page
Figure 51: FlashMeCash Home Page

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