Visa Inc. · NYSE:V
Visa — ATM, Debit & Prepaid Forum 2006
11 slides from Visa's conference presentation, Oct 16, 2006
Slide 1: Innovation for Growth
Innovation for Growth Elizabeth Buse Executive Vice President, Product Development and Management Visa USA
Slide 2: Why Innovate?
Why Innovate? 1. Largest merchants control an increasing share of PCE Financial institutions continue consolidation trend and 2. look to differentiate 3. Consumers expect – and demand – more from their payment products 4. Nontraditional competitors entering the fray 5. Drive return to ALL STAKEHOLDE
Slide 3: Innovation Filters
Innovation Filters Speed Contactless Customization Debit Rewards Enhanced Data Mobile, Prepaid/Healthcare Access Prepaid/Underserved Security Advanced Authorization ATM, Debit & Prepaid Forum - 2006 Innovation foras Information Classification Growth Needed Presentation Identifier.3
Slide 4: Innovation: Contactless
Innovation: Contactless For merchant environments where speed and convenience are key, contactless opens new possibilities • 30,000 merchant locations in the U.S. • 6 million Visa Contactless cards worldwide • Transactions up to 24 to 40 percent faster than cash • Increased adoption at high cash vol
Slide 5: Innovation: Mobile
Innovation: Mobile In the palm of your hand – Visa is leading the innovation of mobile payment and value- add services • Mobile proximity payment • Mobile remote payments • Mobile services, enhanced data – Payment notifications – Security alerts – Mobile coupons, rewards – Mobile receipts ATM, Debit
Slide 6: Innovation: Biometrics
Innovation: Biometrics • Gaining buzz and interest in media circles and adoption at low margin merchants • But challenges persist… – Authentication issues – Hardware and software costs – Adapting infrastructure for remote channels, such as the Internet – Potentially slower customer experience at the
Slide 7: Prepaid – Building a Category
Prepaid – Building a Category FSA/HSA/HRA Accounts Transit/Wellness Healthcare, Payroll Cards Employee General Purpose Reloadable Benefits & Government Disbursements Insurance Underserved Branch & Segments Retail Consumer and Corporate Gift Category General Purpose Reloadable Infrastructure Visa Tra
Slide 8: Debit Rewards Value
Debit Rewards Value • Rewards expand usage, increase cardholder activation, decrease attrition and attract new card users – Incremental usage – 30 percent more transactions, AND 30 percent more spend than non-Rewards cardholders – Additional 3.41 transactions and $128 in incremental spend per month
Slide 9: The Security Challenge
The Security Challenge • Cooperation across the industry is imperative – none of us can solve this problem alone • PCI Security Standards Council helps ensure all parties required to adhere to the standard have the opportunity to provide input • Critical to get ahead of fraud before it happens – new
Slide 10: Innovation Imperatives
Innovation Imperatives As an industry, we must: • Seek to ENGAGE our stakeholders, NOT DAZZLE them • Focus our efforts on innovations that drive RETURN to ALL STAKEHOLDERS • Recognize consumer NEEDS before they become DEMANDS • Look to innovations that promote growth AND remove barriers • Keep secur
Slide 11: Innovation for Growth
Innovation for Growth Elizabeth Buse Executive Vice President, Product Development and Management Visa USA