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« May 29, 2003 | Main | June 2, 2003 »

May 30, 2003

Citigroup Global Consumer Business Day

Yesterday, Citigroup held a Global Consumer Business Day (Presentation PDF). Citigroup's card related income has experienced a 29% CAGR over the last five years.

What's the market for Proximity Payments?

Celent is out with a new report on "Convenience Payments" based upon RFID technologies.

Because the benefits of RFID are so enticing, Celent expects the technology to play an increasingly prominent role in payments. Considering that three of the top target retail outlets for RFID payments are quick service restaurants (QSRs), movie theaters, and movie and video game rental stores, RFID represents a significant revenue opportunity. In aggregate, 2002 US sales in all three were over US$160 billion. In 2007, we expect RFID payments to capture at least 8 percent of the revenue obtained by these three outlets.

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