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TMCNet:  Research and Markets: Payment Privacy Protection - Global Security Implications

[January 07, 2014]

Research and Markets: Payment Privacy Protection - Global Security Implications

DUBLIN --(Business Wire)--

Research and Markets (http://www.researchandmarkets.com/research/cjwr8t/payment_privacy) has announced the addition of the "Payment Privacy Protection - Global Security Implications" report to their offering.

Payment fraud continued to increase across Europe in 2012. France and the United Kingdom were the most notable market regions targeted. The increase of smartphones and tablets has changed the way people use professional and personal communication devices. During the payment process, risks are high, especially during a card not present (CNP) payment. This market insight presents an overview of the key trends in the payment privacy market and assesses security risks for mobile transactions. Further, the study highlights the key success factors for identity access management (IAM), and provides strategic recommendations for organizations that want to implement a secure payment solution.

Objectives

- Provide a market and techology analysis of the latest trends across the European payment privacy protection market.


- Provide strategic recommendations to key stakeholders of the payment privacy protection market in Europe.

Key Definitions

Payment Privacy Protection refers to protecting personal or sensitive payment data to secure mobile payment transactions.

Single European Payment Area (SEPA) Payments are cross-border payments conducted within the SEPA zone. The SEPA zone consists of all European Union (EU) countries, Economic European Area (EEA) countries, Switzerland, and Monaco.

There are three initiatives for SEPA:

1. SEPA Direct Debits (SDD): When fully implemented, any account in a SEPA country can be charged from another SEPA country.

2. SEPA Credit Transfers (SCT): When fully implemented, they enable seamless domestic, cross-border transfer of funds within the SEPA area.

3. SEPA Cards Framework: This enables consumers to seamlessly use their home-country-issued cards in any SEPA country. Migration to SEPA cards framework is to a great extent measured in terms of Europay, MasterCard (News - Alert), and Visa (EMV) migration.

Mobile Payment Application is a dedicated brand application for payment (e.g., Starbucks, McDonald's), while mobile wallet is an ePurse that provides additional services such as couponing or balance information.

Key Topics Covered

1. Executive Summary

2. Card Fraud: A Global Overview

3. The Need to Secure Mobile Devices

4. Combined Software and Hardware Approach

5. An Identity Access Management Approach

6. Conclusions

7. Appendix

8. The Frost & Sullivan (News - Alert) Story

For more information visit http://www.researchandmarkets.com/research/cjwr8t/payment_privacy

About Research and Markets

Research and Markets is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products.


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