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The Payments Land Grab: How Mobile Devices and the PCI Hammer are Shattering Old Models and Forcing Hardware Vendors into the Clouds
Abstract: Incumbents in the payments industry are nervous. The combination of new technologies, particularly rich apps and mobile communication, coupled with the PCI mandate suggests tectonic shift is coming to the traditional payments value chain. No one knows if change will come in convenient baby steps or in a few major leaps but, with adoption cycles getting ever shorter, the sense of deja vu among those who have lived through the PC revolution and the Internet' global transformation is strengthening. Discussions with payments industry participants, across the entire ecosystem, tell few expect business as usual to last much longer.
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This is a Mercator Advisory Group Viewpoint and is available through a membership services relationship. It is also available for one-off purchase. About Mercator Advisory Group
Mercator Advisory Group is the leading, independent research and advisory services firm exclusively focused on the payments and banking industries. We deliver pragmatic and timely research and advice designed to help our clients uncover the most lucrative opportunities to maximize revenue growth and contain costs. Our clients range from the world's largest payment issuers, acquirers, processors, merchants and associations to leading technology providers and investors.
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