Prospects for the U.S. debit issuing industry and other “pay now” payments for the coming year

Several events that took place in 2015 will alter the development of debit cards and other “pay now” payment products for years to come. Migration to EMV specifications got under way for debit, real-time payments made conceptual if not concrete leaps forward, and mobile wallets began to gain some ground. Not since the enactment of the Durbin Amendment has there been such a profound impact on this slice of the payment market.