Smart Payment Association Launches New Market Monitoring Advisory Councils
May 2017 by Emmanuelle Lamandé
The Smart Payment Association (SPA) announced the launch of two new Market Monitoring Advisory Councils. For the first time, this will make it possible for non-SPA member organizations, operating in the wider payment ecosystem, to participate in the payment market monitoring activities of the SPA.
Open to EMV technology vendors supplying cards and/or modules, Advisory Members joining the SPA Monitoring Advisory Council will participate in the SPA’s Monitoring Working Group, contribute to its market monitoring and forecasting processes, and access quarterly global market monitoring reporting data as well as bi-annual market estimation reports. This includes granular data sets by geographic regions and technology (contact, contactless, dual interface, DDA and non-DDA).
Open to organizations operating within the wider payment ecosystem, Advisory Members joining the SPA Forecasting Advisory Council will engage with the SPA Working Group responsible for forecasting and provide input into the market forecast process. Advisory Members will also gain access to select quarterly global market monitoring report data, in addition to granular bi-annual data sets that form the SPA’s global market estimation reports. The Market Monitoring Advisory Councils are the first to be launched under an innovative Advisory Council Program that has been initiated by the SPA in response to growing demand from today’s rapidly expanding payment community.