There are more than 2.53 billion electronic payment credit and debit cards in use around the world, states a new report from Mercator's International Payments Advisory Service. Technologies supporting electronic purchases and transfers of funds range from magnetic stripe to microprocessor-based to radio frequency (RF). As with all facets of commerce, criminals and fraudsters abound, seeking illicit gain wherever weaknesses in payment systems can be found, and because the electronic payments is immensely complex and widespread, opportunities for abuse are easily discovered.
Boston, MA (PRWEB) July 20, 2007 -- There are more than 2.53 billion electronic payment credit and debit cards in use around the world. Technologies supporting electronic purchases and transfers of funds range from magnetic stripe to microprocessor-based to radio frequency (RF). As with all facets of commerce, criminals and fraudsters abound, seeking illicit gain wherever weaknesses in payment systems can be found, and because the electronic payments is immensely complex and widespread, opportunities for abuse are easily discovered.
The most recent report from Mercator's International Payments Advisory Service discusses the shift from relatively vulnerable magnetic stripe payment cards to more secure microprocessor-based smart cards in Europe, Asia Pacific, and Latin America regions. The report provides an overview of the state of the payment card market for each region, an analysis of the business case for EMV migration projects, and the progress of these projects.
Report Highlights:
- An overview of the state of the payment card market in Europe, Asia Pacific, and Latin America regions,
- An analysis of the business case for the EMV migration projects in Europe, Asia Pacific, and Latin America regions,
- A review of the card fraud trends in Europe, Asia Pacific, and Latin America regions,
- A update on the status of the EMV migration in in Europe, Asia Pacific, and Latin America regions,
- Country-by-country EMV migration updates where data is available.
This report contains 39 pages and 14 exhibits.
Members of Mercator Advisory Group have access to these reports as well as the upcoming research for the year ahead, presentations, analyst access and other membership benefits. Please visit us online at www.mercatoradvisorygroup.com.
For more information, please call Mercator Advisory Group's main line: 781-419-1700.
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