1. What does Chip offer Banks today?

2. CARD TYPES CREDIT DEBIT CHARGE PRIVATE LABEL PRE-PAYMENT MULTI FUNCTION

3. WITHIN EACH TYPE OF CARD BLACK PLATINUM GOLD ENTRY LEVEL CORPORATE AFFINITY NICHE

4. Multi Application Cards The future of smart cards in all markets Some real multi application cards in general issue They are starting to become more used and usable Everybody’s aim for the future In the hands of the consumer

5. What Are the New Innovations Contactless Pre-paid Mobile Un and Under Banked Remittances Non Banks entering the market Moving the processing to third parties

6. How does all of this fit Together These new innovations will change many of the ways we work Including: The way the schemes work and charge The software we use The partnerships we make The areas we work in within the markets

7. Schemes The basic scheme infrastructure was laid down in the 1950’s and 60’s It was based on the credit and charge cards It’s worked well but is not 100% suitable for new innovations and partnerships Needs to carry more than just payment messages Some items need to go the other way e.g. Issuer to Acquirer When it was only Banks the set relationships worked but its not only banks

8. Software Much of the software we use is 10, 20 even 30 years or older Built originally for credit card markets using magnetic stripe But now: Debit Pre-paid Contactless Mobile Unbanked Needs to reflect what we have now Chip allows us to have many different applications outside payments on the same chip Different application owners

9. Partnerships Before it was banks with retailers, telco's, processors etc: as customers and suppliers Now these and many other market areas can become competitors or partners Retailers Telco’s and Mobile Operators Remittance processors like Western Union Processors Governments Etc: It needs a new approach to their requirements and the potential for profits it brings

10. Markets In the past the traditional markets was anyone who was Banked Higher Net worth Low Risk But that market is now well known and well penetrated and to expand we have to consider Un-banked Under-banked Migrant Workers Higher Risk This is a huge market and one that must be addressed

11. POS, Mobile, QR Codes etc Mobile POS Wallets Social media NFC Bitcoin QR Codes June 16Caribbean Electronic Payments LLC11

12. Mobile POS Square, iZettle, MPowa Facebook Credits Wallets Google PayPal The new ones What Else

13. Square and Lookalikes An addition to a mobile phone to take payments Square – magnetic stripe based iZettle – EMV chip based

14. Problems Magnetic Stripe is weak and its going Mobile phones and mobile networks are not trusted US led with Square but not EMV Square will face major change

15. Advantages Neat and easy to use Puts payments where we want them Puts the cardholder in more control Cheaper than traditional terminals Where we are going

16. Social Media Facebook credits New currency Where we want it On the systems we use all of the time, Facebook, Twitter, etc: Will become second nature to the younger people

17. Advantages Puts spending power where we go regularly Also earning power High footfall throughput sites Access to millions in minutes

18. Disadvantages Regulation –must they become banks or be financially regulated Who sets the values of a credit Who controls the float Will it exclude banks

19. Wallets Google PayPal Card Schemes Telecommunications Companies Banks Others

20. What Advantages Anonymous spend Convenient Level of security on the internet Hierarchies of wallets in the family Cash replacement Retailer friendly

21. What Disadvantages New players Exclude banks Could lend itself to Money Laundering, Crime etc:

22. Bitcoin An Algorithmic String broken up into pieces A new currency Needs trust Non banks, some banks are interested Others

23. What Advantages Value rose rapidly Good Investment Fully electronic Fast Another currency like Gold

24. What Disadvantages Not accepted everywhere Banned in some countries Already hit by large frauds Could lend itself to Money Laundering, Crime etc:

25. NFC Visa MasterCard Android Phones – Samsung Pay Apple Pay

26. What Advantages Quick and Easy to Use Can be remote from a device – 3 metres Good in hot, humid and dirty conditions Good for small values items

27. What Disadvantages Limits on a transaction Infrastructure needed – terminals Schemes have not promoted it correctly Schemes loosing control to other operations

28. QR Codes Visa MasterCard Phones MPayMe Onescan

29. What Advantages Quick and Easy to Use Can be remote from a device Any phone with a camera can use it Good on the internet Can be linked to a PIN Retailer friendly

30. What Disadvantages Security can be low Scheme objections where its used by mobile operators and retailers Still to be proven – but that's happening