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Created 30 years ago, CARTES SECURE CONNEXIONS is recognized as the global event secure solutions industry leader for payment, identification and mobility.

The 2015 edition is on the theme of “Unlimited Innovation”. It illustrates perfectly the constant innovation of this industry.

The event welcomes 400+ exhibitors and 20,000 visitors. It will be, once again, the unmissable meeting place for the whole Digital Security industry.

CARTES SECURE CONNEXIONS 2015 deploy an outstanding program:

  • The Opening Summit, the opening conference (free access), where you will attend keynotes from industry leaders, prestigious guests for a global renowned event.
  • The SESAMES Awards will reward the industry’s best innovations as every year.
  • The Innovation TV will gather all the event news.
  • The Innovation Playground will allow you to test innovative contactless technologies thanks to a dozen devices on tablets.
  • The STARTUP CHALLENGE will give you the opportunity to discover the 5 most innovative startups of the year 2015.
  • Conferences, Keynotes and Panel Debates will address cutting edge topics, such as new means of payment and identification in a world even more digital and hyper connected.

Payment is a complex and rapidly evolving space. The ever-growing mobile ecosystem is crossing and integrating into more industry segments than ever before. The mobile technology is at the heart of worldwide innovation.

Across 3 day-long sessions, we’ll look into the latest technologies that are determining the current payments market (NFC, HCE, SE, tokenization etc.), and we’ll discuss how mobile is creating new ways to pay and we’ll examine the new players and trends that are reshaping the industry.

  • HCE & Tokenization: What Role for the Secure Element?
  • New Business Models: What Impact on Banking, Telco & Retail Industry?
  • From Secure Element to Cloud & Tokenization

Payment: An Ecosystem in the Throes of Revolution

The most recent developments in payment have been extremely swift. The number of payments made via mobile terminals has been unremittingly on the rise. Over the first part of Year 2015, dematerialized payment volumes (including Cards, which posted a total volume of $47 trillion in 2014[i] – and electronic payment) overtook paper payments (“cash” and checks). In 2016[ii], card payments, fuelled by the same trend, are expected to overtake cash payments and become the preferred method of payment across the world, and most significantly, in China. What’s more, the shift to electronic commerce has caused currency itself to become dematerialized, in a trend that will inexorably spread in the years to come. Electronic wallets will form the sole tie between sellers and buyers.

From January 2014 to July 2015, more than 1 billion contact-free transactions were completed[iii]; by way of illustration, in March 2015[iv], VISA cardholders alone spent €1.6 billion.

Liisa Kanniainen, VP, Corporate Mobile Solutions – Nordea Bank: “Year 2014 proved to any industry players who still had doubts that contact-free payment is here to stay. The benefits it offers, being a reliable, secure and easy-to-use mode of payment, encourage cardholders to use it frequently. New contact-free payment players, including Apple Pay, Samsung Pay or Android Pay, have made their way onto the market and are, more often than not, edging out traditional payment giants (VISA, Mastercard).

As Jean-Noël Georges, Global Program Director, and Research Manager at Frost & Sullivan put it: “The interoperability of Smartphones or notebooks – there will be 19 billion of them in use across the world by 2019 – is now part of our everyday reality. Such connected tools have given rise to new uses and new ways of sharing information using technologies such as NFC (Near Field Communication), QR codes (two-dimensional bar codes), Bluetooth Low Energy (BLE), and Host Card Emulation (HCE).As each of these technologies make headway on the market, they will reshape the payment industry over the years to come. In 2014, NFC and LTE (Long-Term Evolution) cards posted over 100% growth”.

On the mobile payment market, Apple was successful in taking position and establishing itself very quickly with Apple Pay, launched in late 2014. John Devlin, Principal Analyst and Creator of P.A.ID Strategies, noted that over the course of Year 2015, Android Pay and Samsung Pay, just like Apple, were able to catch that wave, positioning themselves as manufacturers, in the hopes of hitting upon new sources of income and breathing new life into their businesses.

The Payment Industry’s New Players: Friends or Foe to Banks?

With non-banking organisations now capable of offering digital transactions or payments, banks have no choice but to reinvent themselves if they want to remain competitive. In 2014, the World Bank estimated that half the adult population – over 2.5 billion people – did not have a “physical” bank account. Those newcomers to the payment industry who are capable of capitalising on this, in particular by appealing to their younger customer base, will play an instrumental part in this shift.

In John Devlin’s view, “The gradual convergence of traditional methods of payment with on-line transactions (in-app, peer-to-peer) offers banks the opportunity to more quickly take position as service providers. Playing a uniting role, they could offer a combination of mobile, on-line and person-to-person services, which would in turn pave the way for them to new sectors, new services and new sources of income.”

Hyper-connectivity brings about new behaviours and a heightened need for security and trust. Users now demand more protection in terms of confidentiality and security for their personal data. Fraud attempts nonetheless appear a major stumbling block in the system. It is for this reason that strong authentication, in particular for mobile payment, is vital. As Liisa Kanniainen from Nordea Bank points out that, “the trust and security challenge in payments is only becoming greater in this new ecosystem”.

Biometrics is emerging as one of the best-suited solutions for offering fully-reliable identification. “In our digital and connected world, humans appear to be kept out of technological developments — new devices, however, will put the main emphasis on people rather than on the mobile. Seen in this light, biometrics appear an appropriate response to authentication and identification needs”, states Jean-Noël Georges.

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[i] Source: Euromonitor International

[ii] Source: Euromonitor International

[iii] Source: Visa Europe.

[iv] Source: Visa Europe.


Sunak warns of bill to be paid to tackle Britain’s ‘exposed’ finances – FT



Sunak warns of bill to be paid to tackle Britain's 'exposed' finances - FT 1

(Reuters) – British finance minister Rishi Sunak will use the budget next week to level with the public over the “enormous strains” in the country’s finances, warning that a bill will have to be paid after further coronavirus support, according to an interview with the Financial Times.

Sunak told the newspaper there was an immediate need to spend more to protect jobs as the UK emerged from COVID-19, but warned that Britain’s finances were now “exposed.”

UK exposure to a rise of one percentage point across all interest rates was 25 billion pounds ($34.83 billion) a year to the government’s cost of servicing its debt, Sunak told FT.

“That (is) why I talk about leveling with people about the public finances (challenges) and our plans to address them,” he said.

The government has already spent more than 280 billion pounds in coronavirus relief and tax cuts this year, and his March 3 budget will likely include a new round of spending to prop up the economy during what he hopes will be the last phase of lockdown.

He is also expected to announce a new mortgage scheme targeted at people with small deposits, the UK’s Treasury announced late on Friday.

Additionally, the government will also announce a new 100 million pound task force to crack-down on COVID-19 fraudsters exploiting government support schemes, it said.

(Reporting by Bhargav Acharya in Bengaluru; Editing by Leslie Adler and Cynthia Osterman)

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G20 promises no let-up in stimulus, sees tax deal by summer



G20 promises no let-up in stimulus, sees tax deal by summer 2

By Gavin Jones and Jan Strupczewski

ROME/BRUSSELS (Reuters) – The world’s financial leaders agreed on Friday to maintain expansionary policies to help economies survive the effects of COVID-19, and committed to a more multilateral approach to the twin coronavirus and economic crises.

The Italian presidency of the G20 group of the world’s top economies said the gathering of finance chiefs had pledged to work more closely to accelerate a still fragile and uneven recovery.

“We agreed that any premature withdrawal of fiscal and monetary support should be avoided,” Daniele Franco, Italy’s finance minister, told a news conference after the videolinked meeting held by the G20 finance ministers and central bankers.

The United States is readying $1.9 trillion in fiscal stimulus and the European Union has already put together more than 3 trillion euros ($3.63 trillion) to keep its economies through lockdowns.

But despite the large sums, problems with the global rollout of vaccines and the emergence of new coronavirus variants mean the future path of the recovery remains uncertain.

The G20 is “committed to scaling up international coordination to tackle current global challenges by adopting a stronger multilateral approach and focusing on a set of core priorities,” the Italian presidency said in a statement.

The meeting was the first since Joe Biden – who pledged to rebuild U.S. cooperation in international bodies – U.S. president, and significant progress appeared to have been made on the thorny issue of taxation of multinational companies, particularly web giants like Google, Amazon and Facebook.

U.S. Treasury Secretary Janet Yellen told the G20 Washington had dropped the Trump administration’s proposal to let some companies opt out of new global digital tax rules, raising hopes for an agreement by summer.


The move was hailed as a major breakthrough by Germany’s Finance Minister Olaf Scholz and his French counterpart Bruno Le Maire.

Scholz said Yellen told the G20 officials that Washington also planned to reform U.S. minimum tax regulations in line with an OECD proposal for a global effective minimum tax.

“This is a giant step forward,” Scholz said.

Italy’s Franco said the new U.S. stance should pave the way to an overarching deal on taxation of multinationals at a G20 meeting of finance chiefs in Venice in July.

The G20 also discussed how to help the world’s poorest countries, whose economies are being disproportionately hit by the crisis.

On this front there was broad support for boosting the capital of the International Monetary Fund to help it provide more loans, but no concrete numbers were proposed.

To give itself more firepower, the Fund proposed last year to increase its war chest by $500 billion in the IMF’s own currency called the Special Drawing Rights (SDR), but the idea was blocked by Trump.

“There was no discussion on specific amounts of SDRs,” Franco said, adding that the issue would be looked at again on the basis of a proposal prepared by the IMF for April.

While the IMF sees the U.S. economy returning to pre-crisis levels at the end of this year, it may take Europe until the middle of 2022 to reach that point.

The recovery is fragile elsewhere too. Factory activity in China grew at the slowest pace in five months in January, and in Japan fourth quarter growth slowed from the previous quarter.

Some countries had expressed hopes the G20 may extend a suspension of debt servicing costs for the poorest countries beyond June, but no decision was taken.

The issue will be discussed at the next meeting, Franco said.

(Additional reporting by Andrea Shalal in Washington Michael Nienaber in Berlin and Crispian Balmer in Rome; editing by John Stonestreet)

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Bank of England’s Haldane says inflation “tiger” is prowling



Bank of England's Haldane says inflation "tiger" is prowling 3

By Andy Bruce and David Milliken

LONDON (Reuters) – Bank of England Chief Economist Andy Haldane warned on Friday that an inflationary “tiger” had woken up and could prove difficult to tame as the economy recovers from the COVID-19 pandemic, potentially requiring the BoE to take action.

In a clear break from other members of the Monetary Policy Committee (MPC) who are more relaxed about the outlook for consumer prices, Haldane called inflation a “tiger (that) has been stirred by the extraordinary events and policy actions of the past 12 months”.

“People are right to caution about the risks of central banks acting too conservatively by tightening policy prematurely,” Haldane said in a speech published online. “But, for me, the greater risk at present is of central bank complacency allowing the inflationary (big) cat out of the bag.”

Haldane’s comments prompted British government bond prices to fall to their lowest level in almost a year and sterling to rise as he warned that investors may not be adequately positioned for the risk of higher inflation or BoE rates.

“There is a tangible risk inflation proves more difficult to tame, requiring monetary policymakers to act more assertively than is currently priced into financial markets,” Haldane said.

He pointed to the BoE’s latest estimate of slack in Britain’s economy, which was much smaller and likely to be less persistent than after the 2008 financial crisis, leaving less room for the economy to grow before generating price pressures.

Haldane also cited a glut of savings built by businesses and households during the pandemic that could be unleashed in the form of higher spending, as well as the government’s extensive fiscal response to the pandemic and other factors.

Disinflationary forces could return if risks from COVID-19 or other sources proved more persistent than expected, he said.

But in Haldane’s judgement, inflation risked overshooting the BoE’s 2% target for a sustained period – in contrast to its official forecasts published early this month that showed only a very small overshoot in 2022 and early 2023.

Haldane’s comments put him at the most hawkish end among the nine members of the MPC.

Deputy Governor Dave Ramsden on Friday said risks to UK inflation were broadly balanced.

“I see inflation expectations – whatever measure you look at – well anchored,” Ramsden said following a speech given online, echoing comments from fellow deputy governor Ben Broadbent on Wednesday.

(Editing by Larry King and John Stonestreet)


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