Over $10 TRILLION --what?? You want more?

HAPPY NEW YEAR, DIGITAL WORLD AGENT!

2017 is poised to break all records in the cash-less world of commerce -- as well as in the unique and lucrative world of getting money back for merchants who are habitually overcharged for almost every facet of their basic business expenses!

Here are some forecasts:


The point of sale and retail industries have been shaken up in recent years with the rise of new payment technologies. From mobile wallets to on-demand apps, and consumer demand for a more personalized and interactive shopping experience, merchants big and small are facing a new wave of expectations from customers.

To stay ahead of the rapid changes in payment technology, merchants need to understand who is driving these changes. At one-fourth the U.S. population, millennials outnumber Baby Boomers and are three times the size of Generation X. Having grown up in the days of instant gratification (e.g. Netflix), the millennial generation wants everything to be ready when they are. This crosses over into their interactions with a retailer or restaurant, which they expect to be as easy as a swipe, click, or voice command.

As each year brings new technological advances, the POS and retail industries will continue to experience the impact of innovations in payment technology.



Mobile Wallets

Mobile wallets could be the single biggest transformation in payments processing if they take off in the way that many analysts expect.
Retailers are particularly excited about mobile payments because they can offer valuable insights about customer transactions that companies can use to enhance the shoppers' experience. The speed of mobile payments can also help increase foot traffic in stores, which in turn would generate more sales.
In 2014, Apple was the only major mobile wallet on the market. But in 2015, Google and Samsung launched their own mobile wallets, and Walmart, Chase, and other major players joined the market. BI Intelligence, Business Insider's premium research service, expects in-store mobile payment volume to grow from $75 billion in 2015 to $503 billion in 2020.

Swiping will disappear

More merchants will adopt systems to accept chip cards in 2017.

Outside of how much you will pay and how many rewards points you’ll earn, another fundamental aspect of the American credit card experience will continue to change in the new year: how you use cards. As more merchants adopt EMV-enabled payment terminals, you won’t have to ask what to do with your card at checkout much longer. However, there is one place where you can still expect to swipe for the foreseeable future: the gas station. Visa just gave gas stations permission to delay the chip rollout until 2020. If you’re concerned about fraud, that’s not exactly helpful; the pump is one of the easiest targets for skimming card numbers.

Source http://thepointsguy.com/2016/12/5-credit-card-predictions-for-2017/#ixzz4UiscA6Vj

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Nilson Report Dec 2016
Purchase Transactions on U.S. Consumer Payment Systems
Purchases of goods and services accounted for $9.550 trillion in 2015. This accounted for 77.75% of all personal consumption expenditures in the United States. 

Waiting on figures from '16 -- but anything over  $10 TRILLION is a fair number, don't you think??

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Pin Your Retirement to DWP!

Recorded Sunday night Wrap-up Call, topic: Merchants, click here.

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Or dial in to recorded line as shown at right of screen, File 23.

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THURSDAY NIGHT, 6-9-15, 6PM Meet/Eat, 7PM START!
Denny's. 132 N. Grand Avenue. West Covina, CA 91791
Meribel Torres, Mike & Barb Lammons

FRIDAY NIGHT, 6-10-15,  5PM Meet/Eat, 6PM START!! 8pm END
Denny's. 333 S. Abbott Avenue. Milpitas, CA  95035
Chan Krohn, Robinson Mangoang, Mike & Barb Lammons

Come.  BRING INTERESTED PEOPLE!  Watch Inbox for flyers.

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FROM THE 'EDUCATE YOURSELF ON WHY DWP IS A GREAT BIZ' FILE:

THE PAYMENTS INDUSTRY EXPLAINED

• John Heggestuen

• May 15, 2015, 5:01 PM

The ecosystem for credit- and debit-card processing involves a complicated set of players interacting to process every transaction. Five types of players are involved: acquirers/processors, issuers, card networks, gateway providers, and independent sales organizations (ISOs).   That's us!

To process a typical transaction, three steps must occur: authorizing, batching, and funding. Each participant in this process takes a fee off of the total volume of a transaction. The remainder is deposited in a merchant's account.

Three trends will shape the payment-card-processing ecosystem from 2015 onward: the EMV security migration, rapid development of new payment technologies, and the massive card-fraud problem in the US.

The mobile point-of-sale (mPOS) is going to have a massive impact on the payments-hardware and payments-software industry. By 2019, we forecast that nearly 80% of US retailers will have implemented a mPOS device.

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Pinned your retirement to the stock market?

WSJ News TODAT By Corrie Driebusch

Updated July 6, 2015 4:47 p.m. ET

 

U.S. stocks fell Monday, weighed down by a tumble in oil prices as well as Greek voters’ rejection of creditors’ conditions for further financial aid.

The Dow Jones Industrial Average declined 46.53 points, or 0.3%, to end at 17683.58. Stocks spent midday trading around the flat line after earlier being down by as much as 166 points.

The S&P 500 dropped 8.02 points, or 0.4%, to 2068.76 and the Nasdaq Composite Index lost 17.27 points, or 0.3%, at 4991.94.

Better idea --Pin it to DWP!:

CARPINTERIA, Calif.--(BUSINESS WIRE)--General purpose and private label credit, debit, and prepaid cards generated $5.165 trillion in payments for goods and services in 2014. Processing fees, including interchange paid by U.S. merchants to handle that business, were $78.09 billion, up from $72.44 billion in 2013 when fees were $4.768 trillion, according to the annual report on U.S. merchant processing fees published by The Nilson Report, the top trade newsletter covering the card and mobile payment industries.

“Fees merchants pay to process card payments rise annually because Americans use their credit, debit, and prepaid cards more each year”

Source: http://www.businesswire.com/news/home/20150624005977/en/Nilson-Report-U.S.-Merchant-Card-Fees-2014#.VZsDdFJrVD0 



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