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
    View slide
  • Some of our Members
    And many more
    View slide
  • 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