A Look Back at Payments in 2011

A Look Back at Payments in 2011

by Scott Loftesness
Source: paymentsviews.com

As we’re winding down for the year, we wish you the best for you and your family this holiday season!

At Glenbrook, we thrive on thinking about how payments are evolving and how these changes will affect us in the years ahead. In this look back at the important payments themes of 2011, we share a summary of some of our best thinking over the course of 2011 from our PaymentsViews.com web site.

If there’s been a dominant theme for payments in 2011, it’s clearly been mobile payments. Over the course of the year, we commented several times on mobile payments:

But there was more to 2011 than just mobile payments. Some of the other themes included:

Then there’s – of course – Durbin and the new regulation of debit card interchange fees for the largest banks in the US.

Plus, there was Visa’s announcement in August encouraging the migration of the POS acceptance infrastructure in the US to add EMV and contactless acceptance to the existing mag stripe-based acceptance.

Finally, in the world of non-card based payments, there were other items of note: