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Monday, October 22, 2012

2:00 PM - 4:00 PM


Michelle Evans, Senior Analyst, Consumer Finance, EUROMONITOR INTERNATIONAL

Attendees will learn about the most disruptive companies and technologies in the payment space in the near term and the likelihood of them gaining adoption. The session also will pinpoint the effect disruptors will have on bank issuers and card networks, as well as the strategies taken by others to defend against these players.

Key points addressed during the workshop include:

  • The new payment technologies that are rapidly evolving the way a consumer pays and serving as the catalyst for a potential upheaval of the now bank-dominated payment landscape
  • Highlight the convergence of payment and non-payment companies in the industry and the entry of mobile carriers, mobile phone manufacturers and internet payment providers in products like Isis and Google Wallet. Discuss how many retail banks are forming partnerships with new members of the mobile value chain to build capacity, agree on standards and design and deliver solutions.
  • Examine the potential of companies like PayPal to become a major force in this space due to their ability to monetize their advertising potential more effectively than traditional players and to circumnavigate card networks entirely by connecting directly to consumer bank accounts
  • Discuss how closed-loop systems like, Apple’s iTunes product or Starbuck’s iPhone application linked to closed loop prepaid accounts have the potential to shake up the space, if these players expand micro-payments or change the system so it debits directly from consumer bank accounts

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