With Regard to Retail Payment Cards Are Used for Almost 50% of All Transactions Made on the European Forecourt and Their Growing Importance is Reflected in the High Brand Acceptance.DUBLIN, Ireland -- Research and Markets (http://www.researchandmarkets.com/reports/c43877) has announced the addition of Retail Payment Mechanisms on the Forecourt to their offering. Oil and equipment manufacturer clients are keen to know the penetration of different forms of payment into the forecourt retailing market, the prevalence of different payment technology and the core brands used. This brief reviews nine key European forecourt retailing markets to assess payment type acceptance, characteristics of payment terminals and consumer purchasing behaviour by payment type. Scope of this title: * An assessment of forecourt transactions made by cards across the UK, France, Poland, Spain, Italy, Germany, Belgium, Netherlands and the Czech Republic * Insight into the extent of terminal usage in the forecourt market and the level of EMV compliance both at a national and sector level * An examination of the number of forecourt terminals versus the size of the network, the extent of card usage and the number of registered vehicles Highlights of this title: Cards are used for almost 50% of all transactions made on the European forecourt and their growing importance is reflected in the high brand acceptance and relative absence of minimum payment thresholds. The number, age and functionality of card terminals varies greatly across Europe's forecourts with France and Spain having the highest average number of terminals per site and the UK having the newest terminals. Italy and Spain have a large quantity of card terminals per site relative to the level of card usage and the penetration of auxiliary services in each market Reasons to read a copy: * Understand the preponderance of different payment methods specifically for petrol station purchases * Compare the number, age and functionality of terminals at your sites to the market average Market Average A measure of the overall price level of a given market, as defined by a specified group of stocks or other securities. A market average equals the sum of all current values of stocks in the group divided by the total number of shares in the group.Notes: A market average measurement is a simple way to evaluate the price level of a group of stocks. * Uncover the markets with potential for new terminals and those which are already heavily saturated Content Outline: THE VIEW CATALYST SUMMARY METHODOLOGY ANALYSIS Cards are used for almost 50% of all transactions made on the European forecourt The Czech Republic and Poland significantly lag their western European counterparts in card transactions on the forecourt Debit cards are the most commonly used cards with fuel and credit cards being second and third, respectively A greater proportion of transactions on the forecourt are made by card than at supermarkets or restaurants The growing importance of cards on the forecourt is reflected in the high brand acceptance and relative absence of minimum payment thresholds The number, age and functionality of card terminals varies greatly across Europe's forecourts France and Spain have the highest average number of terminals per site The average age of forecourt terminals across the nine markets assessed is 2.8 years Across forecourt terminals, EMV compliance is varied and implementation is complicated by national factors Terminal functionality is fragmented, with the emphasis being on card acceptance rather than integration into the wider financial system In selected markets there is scope for terminal numbers to increase the volume of traffic through the forecourt Italy and Spain have a large quantity of terminals per site relative to the penetration of auxiliary services in the markets Poland has the highest vehicle per terminal ratio, indicating there is scope for the number of terminals to increase in this market Belgium and France provide fewer opportunities for expansion of terminal numbers APPENDIX Abbreviations Related Research Retail Payment Mechanisms Survey Core national brands Our Consultancy Ask the Analyst List of Tables Table 1: Capabilities of forecourt terminals, 2005 List of Figures Figure 1: The Czech Republic and Poland significantly lag their western European counterparts in card transactions on the forecourt Figure 2: Debit cards are the most commonly used cards with fuel and credit cards being second and third, respectively Figure 3: A greater proportion of transactions on the forecourt are made by card than at supermarkets or restaurants Figure 4: The growing importance of cards on the forecourt is reflected in the high brand acceptance Figure 5: The growing importance of cards on the forecourt is reflected in the absence of minimum Figure 6: France and Spain have the highest number of terminal per site 7 Figure 7: The average age of forecourt terminals across the nine markets assessed is 2.8 years Figure 8: Across forecourt terminals, EMV compliance is varied and implementation is complicated by national factors Figure 9: Italy and Spain have a large quantity of terminals per site relative to the penetration of auxiliary services in the markets Figure 10: Poland has the highest vehicle per terminal ratio indicating there is scope for the number of terminals to increase in this market Figure 11: Belgium and France provide fewer opportunities for expansion of terminal numbers For more information visit http://www.researchandmarkets.com/reports/c43877. Source: Datamonitor |
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