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Though mobile payments are not new and is actually widespread internationally, this space continues to see remarkable growth.
Payment systems continue to evolve. This is especially true for payments through the use of smartphones, which may one day displace credit and debit cards- the way plastic did to cash- as the payment method of choice.
The use of in-store mobile payments rose exponentially in 2012. Card readers increasingly common and mobile payments related to mobile e-commerce is becoming more widespread.
The biggest game changers have been startups like Square who are rapidly moving society towards a cashless future, with the use of smartphones becoming the standard method of payment.
· Will apps for coupons and loyalty passes or those that are store specific (ex. Starbucks, Target) continue to be a trend, as people increasingly find it more convenient to pull out their phone rather than their wallet?
· Is it more ideal to equip phones with devices to take credit cards, as companies like Square and GoPayment have, rather than try to displace plastic?
· More smartphone makers are including NFC (near-field communication) chips in smartphones and other technologies to allow for contactless payment, but retailers and average shoppers have been slower to adopt them. Will this be the year that mobile payment using NFC takes off, as consumers getmore comfortable paying with their smartphones?
· How will security concerns be addressed as consumer data is increasingly stored in the cloud?
Come hear a panel of lively experts discuss answers to these questions and more.
6:00 pm - 7:00 pm Networking and hors d’oeuvres
7:00 pm - 8:15 pm Panel discussion and Q&A
8:15 pm - 8:30 pm Additional networking
Stay tuned for updates!
About Our Speakers:
Robert Bell is a payments system investor and technology entrepreneur based in Palo Alto and London. He is the CEO of PassportFX - a global payments network building real time clearing for central banks.
His investments include energy trading technology, development banking, network services and financial infrastructure projects. He is an avid sailor and the multi-award winning designer of KlickEx – the Polynesian payments network based in the South Pacific. Bell is also New Zealand’s Hi-Tech Young Achiever of the Year (2012).
Other speakers TBA.