Celent, a banking research and consulting firm, released its third annual survey of trends shaping the retail payments market today, titled "Top Trends in Retail Payments: A Year in Review, 2013 Edition." The annual report highlights ten trends that Celent's analysts are paying particular attention to in the coming year such as NFC, EMV migration and the proliferation of mobile point-of-sale solutions.
The report also covers digital wallets, regulations affecting the card market and the alternative payments market and the growing significance of loyalty and rewards offers in retail payments.
"Retail payments innovation continues to be driven by the profound changes in the way consumers buy goods and services, get and redeem offers, and interact with banks. And, of course, payments regulations remains an important theme," Zilvinas Bareisis, the report's author and a senior analyst at Celent's banking group. "However, the payments industry could benefit from a change in regulatory focus: less on the 'old issues' such as interchange and more on the alternative payments."
Jonathan Camhi has been an associate editor with Bank Systems & Technology since 2012. He previously worked as a freelance journalist in New York City covering politics, health and immigration, and has a master's degree from the City University of New York's Graduate School ... View Full Bio