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BayPay Presentation at RSA 2011
 

BayPay Presentation at RSA 2011

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    BayPay Presentation at RSA 2011 BayPay Presentation at RSA 2011 Presentation Transcript

    • Are Payment Cards a Thing of the Past now that we have Mobile and Social Payments on the horizon?
      RSA Conference
      February 2011
      San Francisco
      Daniel Chatelain, Managing Director
      The BayPay Forum
      Website: www.baypayforum.com
      Sponsored by
      The SmartStripe Company
    • Who We Are
      Association for Payment Professionals
      Network with peers locally and internationally
      Understand emerging trends in financial transactions
      Exchange views on payment innovation
      Over 3,300 executives from 500 companies in the payment industry
      Over 1,500 members registered on LinkedIn (BayPay)
      Did I say? We welcome sponsors and volunteers
    • Events Schedule for 2011
      Upcoming events on Payment Trends
      January
      Impact of Fed’s ruling on Interchange
      February
      Mobile Security at Exponent in Menlo Park
      Go to http://baypayforum-feb23.eventbrite.com/
      March
      Alternative Payment Solutions
      2 day conference in South San Francisco
      Panel on Mobile Platforms “How to Get There”
      Registration open – BayPay members get 25% discount
      Go to http://baypayforum-mar29.eventbrite.com/
      April
      Mobile Payment is not only NFC – Is It?
      Later
      Other topics on payments and more Mobile
    • Some of our Members
      And many more
    • Payment - How it started?
      The Ascent of Money:
      A Financial History of the World
      From : Niall Ferguson
    • Then …
    • Commerce is entering a new phase
      New entrants don’t have the right payment tools
      Incumbents are taken off guard by what is happening (sometimes not even aware)
      Fraud Online is increasing in volume
      High risk of disintermediation
      Today presents new challenges
    • So Now Where are We?
    • eCommerce Volume is Growing
      Source: Morgan Stanley Web 2.0 Summit San Francisco 2010
      • More purchase options
      • More payment options
      • New currencies
      • From targeted advertising
      • To profiled advertising
      • To new business models
      e.g.
    • Acceleration of new technology adoption
    • Customer Engaged at Time & Place of Decision
      Location or Time based Services
      Experience influences method of identification, checkout & payment instrument
      Transparent Pricing
      Discounts
      Instant Gratification
    • Who Owns the customers?
      Source: KPCB Mary Meeker – Top Mobile Internet Trends 2/10/11
    • Risk of Disintermediation
      MOBILE PAYMENT ONLY
      And many more…
    • So What about our Cards?
      Challengers still small regarding payments
      Payment cards still rule
      But the system is under attack and needs to adapt
    • eCommerce Volume is Growing
    • Just a Few Things to Keep in Mind
      The world of Commerce on a global basis is changing at a fast pace
      Payment is always tightly linked to commerce not the other way around
      The existing ways to make a payment are still relevant but need to be improved
      The BayPay Forum is organizing events to discuss these issues
    • Thank You
      Daniel Chatelain, Managing Director
      The BayPay Forum
      Website: www.baypayforum.com