Online Debit Cards In France : A Case Study

The future of payments is current shifting to another path with how technology is changing and is currently modifying how we process our payments and how we store data. It is going away from low-tech and paper based tools, expensive and bulky registers, and physical card swipes. And it is introducing and renovating online commerce and online payment. This is happening due to the decrease of money supply and checks in the current market because people are starting to pay more and more there bills online. As the economy improces and corporations and business gets larger they have started a large-scale implementation of processors in electronic payment technology in their business ands services. Also, credit and debit are growing amongst consumers and it has been the highest that it has even been in history.

(EMVCo, LLC, 2014) Chip cards were originally invented in 1977. The first mass deployment of chip cards for payment by the banking industry was in France in 1984, driven by a need to reduce high levels of fraud due to counterfeit and lost/stolen magnetic stripe cards. By 1994 all French banks carried chip cards, deployed using the French specification called B0’, and were able to significantly reduce fraud. Based on this success, there was a spread of chip card adoption throughout various markets in Europe in 1990s. Each of them had specifications tailored to their local market. The inter-operability issues created a need for a global standard. Europay, Mastercard and Visa joined together in 1994 to form EMV, in order to create a global standard and had their first field trial in 1997. With 1.62 billion EMV-compliant payments cards in use worldwide, EMV has certainly transformed the payments landscape.

eMarketer quoted that mobile payment transactions will grow steadily in the US at 210% in 2016. It was registered that in 2015 mobile payments were recorded to be about $8.71 billion with users spending an average of nearly $376 annually to make payments using their phones. (EMarketer, 2015)

. Mobile payment users >190 MM in2012, which is over3 % of total mobile users worldwide a level considered as "mainstream”

Since the 1980’s, online banking has made the lives of everyday people more convenient. With the new innovations and creations to computers, online banking has grown to become the most used form of banking in the US (5). From the first ATM to mobile banking technology has helped shape One of the first computerized innovations to online banking, the credit card, revolutionized how cash was money was used in society.

There are differences in the implications for those who use prepaid cards and those who use digital payment services. Prepaid cards are used to make financial transactions just like those carried out by credit cards, but their market is catered toward those with lower incomes – roughly 23 million Americans. Digital payment services, however, are more likely to be used by those in the middle-to-upper classes. Digital payment services must be tied to credit cards and bank accounts. This difference in market share results in different impacts for prepaid card and digital payment service users. The implications for digital payment service users relate to fees, market share for the companies, transaction times, and data security. The implications for prepaid card users relate to

As a technology company in the global payments business, MasterCard Worldwide operate the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone.

Along with internet, television is on the low end of the spectrum too. Not many people in France watch television. In France television is consumed for an average of 3 hours and 13 minutes a day. They only have 2,662,280 cable subscribers. Which is only about 4.5% of the country’s population. Although they do have satellite television also. They have 4,300,000 satellite subscribers. Which is only about 7.2% of the country’s population. With cable and satellite subscriptions combined that is only 11.7% of the country’s population having some form of television subscription. In fact most of the country does not even own a television. The television programing is done by multiple groups. Most of the television programing is done by the public. There

In the contemporary society, the use of e-commerce has gained much popularity among many nations globally. This has been enhanced by the use of digital media which, has to a large extent boosted the way such activities are carried out. E-commerce is the transaction by which individuals do the act of buying and selling of products and services through online platforms. This paper, therefore, sheds light on how digital media have influenced the field of e-commerce in the US, France, and German.

It was determined that a credit card reader and mobile application would be a good fit for CPCU by researching the current options, the Canadian market, and if there is a need. First, the most known credit card reader was looked at. This would be Square and it currently operates in Canada, Japan, Australia, and United States (Square Office Locations, n.d.). According to Cocotas (2012) in 2012, Square revealed that it was processing payments totaling roughly $11 million a day, a $2 billion increase from the previous year.

• PayPal has a local presence in 13 countries outside the US, including UK, Canada, Australia, Austria, Belgium,France, Germany, Italy, Spain, Ireland, Netherlands,Switzerland and China.

France (officially known as Republique Francaise) is a country in western Europe , as well as several overseas regions and territories. The capital and largest city in France is Paris. According to WorldPopulationReview , France has a population of about 64,971,5599. And also 85% of the population of Metropolitan France was white or of European origin, with 10% from North Africa, 3.5% Black (Sub-saharan African) and 1.5% Asian. And for religion , France consist of 63-66% Christian , 23-28% Irreligious , 7-9% Muslim , 0.5-0.75% Buddhist , 0.5-0.75% Jewish , 0.5-1.0% other. France has a big growing population of Sub-saharan immigrants , and they most likely come from francophone

In the perspective of developed markets, the percentage of online sales account for between 5-15% of total retail sales. The major developed markets for e-commerce are South Korea, United States, France, Germany and the UK. These markets all have a few things in common including:

As of November 2016, there were 14 HRSs in France [42]. Table 15 shows the number of charging points in France from 2012 to 2016.

INTERPRETATIONS:- This survey depicts that individuals mainly prefer cash on delivery mode for making payments for online business as compared to other mediums which indirectly