Phil Sealy
Research Director
Read More
Topics Covered
Latest Insights
Latest Research
Phil Sealy In The News
US News and World Report (2023-07-12)
As payment networks, both Visa and Mastercard take data security seriously. That's why they both offer zero fraud liability on all their cards, says Phil Sealy, digital payment technologies research director at global technology intelligence firm ABI Research.
Citation
Retail Brew (2023-03-16)
Not in the cards: Sam Gazeley, an industry analyst for digital security at ABI Research, which is based in London, told us the wait for new and replacement cards has generally gone from about six to 10 business days to six to eight weeks. But that varies greatly depending on who issued your card because larger card issuers have the resources to pay suppliers extra for chips.
Citation
Payments Dive (2022-05-26)
Nilson’s views were echoed by Phil Sealy, a research director for digital security at New York-based ABI Research, a global technology research and consulting firm.
“There have been several increases in prices over the course of the last 12 to 24 months,” said Sealy in an interview. “There likely will be another increase coming shortly.”
Average selling prices for chips are between 10% and 20% this year and an additional increase is expected by the end of the year, Sealy said.
An August 2021 ABI report said as many as 1 billion payments cards were at risk of not being made over an 18-month period because of a chip shortage. ABI is in the process of updating its forecast and declined to discuss its research before publication.
Ukraine companies shutter
The conflict between Russia and Ukraine is affecting chip prices because Ukraine is home to two companies that produce half the world’s supply of neon, a key ingredient in making chips, Sealy said.
Citation
EE Times Asia (2022-03-14)
“Despite the prediction of significant market pain in 2022, the chip shortage should be considered a shorter-term market challenge, likely to improve in 2023 as further chip manufacturing capacity comes online and the market briefly bounces back. However, despite the foreseen market bounce back, ABI Research does not forecast a return to pre-COVID SIM card shipment levels for the removable form factor due to other market challenges, including a continued reduction in SIM card replacement rates and the forthcoming eSIM growth,” explains Phil Sealy, Telco Cybersecurity Research Director at ABI Research.
Citation
TechWire Asia (2021-01-26)
Yet, there could be 2.5 million biometric payment cards issued in 2021, ABI Research forecasted, indicating that it could be “the de facto payment type of the future” in the longer run.
ABI Research Digital Security Research Director Phil Sealy said, “These higher contactless transaction limits are here to stay and could be considered a significant signal of intent that contactless will ultimately become the de facto digital payment type of the future”.
Citation
Medium (2021-01-11)
Up to 2.5 million biometric payment cards will be issued in 2021 as the market reaps the benefits of significant ecosystem efforts, tailored specially to help reduce product cost, improve yield, and simplify manufacturing processes, according to the latest worldwide market study by ABI Research.
“It’s taken time for the biometric payment card market to take shape because it is the most complex card form-factor ever developed. First-generation biometric payment card solutions can command an Average Selling Price (ASP) anywhere between $20 and $30, significantly higher than today’s $1 to $2 mark for a contact or contactless payment card,” said Phil Sealy, research director at ABI Research.
According to the ABI assessment, deployment cost is one of the most significant inhibiting factors keeping the biometric POS payment card form-factor firmly within the piloting and evaluation phase.
Citation
Mobile ID World (2020-05-13)
ABI Research is predicting that COVID-19 will accelerate the adoption of contactless payment cards. The firm now believes the number of cards issued in 2020 will exceed initial estimates by more than 110 million cards, a figure that will bring the total number of contactless payment cards in circulation to more than 2 billion internationally.
Citation
CNN Business (2020-03-07)
China is already well into becoming a cashless society despite the outbreak. According to eMarketer, nearly 50% of China's population used mobile payments to make purchases in the second quarter of 2019. QR code payment platforms, including WeChat and AliPay, have also proven successful and mobile and contactless payment solution providers are expanding into other markets, including mass transit, said Phil Sealy, a digital security research director at ABI Research.
Citation
TechRepublic (2020-03-06)
ABI Research says the inclusion of eSIM capabilities in the Samsung Galaxy S20 range will build on momentum generated by the likes of Apple, Google and Motorola. Apple has included eSIM capabilities since the launch of the iPhone XR and XS in 2018.
“It was always a case of when, rather than if, Samsung would support eSIM,” said Phil Sealy, Digital Security Research Director at ABI Research.
“2020 marks a defining year and another milestone for the eSIM market. Having the largest smartphone [manufacturers] onboard, shipping over 200 million devices annually is a significant market step. Industry experts will now be closely monitoring Samsung and how it might start expanding eSIM support to other device ranges, including its Note and A ranges.”
Citation
Mobile World Live (2019-10-01)
Increased prices of mobile phones will contribute to the further decline of SIM card shipments, more so than eSIM adoption, according to ABI Research.
Phil Sealy, research director at ABI Research, said: “The greater threat for the removable SIM card form factor in the shorter term is being presented by the handsets market. Mobile devices are becoming increasingly more expensive, some of which are now above the $1,000 mark.
Citation
