Web 3.0 – The Wireless Internet Web 2.0: 1 Billion connected wired devices Web 3.0: 20 Billion connected wireless devices. Everything wired and digital will become mobile, including payments and commerce. Mobile payments are made from a phone or tablet rather than a PC - digital Mobile now becomes an alternative form of payment for in-person payments - physical
Mobile and Money Banking Banking for those who don’t have banks POS Small vendors can accept credit cards Payments Customers can purchase with a phone Loyalty Your profile in the cloud (loyalty, rewards, etc.)
mCurrency Premium SMS text to pay, charges on mobile phone bill Mobile Billing Pin/code, charges on mobile phone bill NFC Touchless payment tied to phone and app Electronic Wallet Pin/password, payment from bank, cc, etc.
Key Mobile PaymentConsiderations Security Ease of Use Availability Brand ValueThere will be more than one winner.
ComparisonMobile Premium Mobile NFC WalletPayments SMS Billing (w/o NFC)Ease of Use Simple Simple Simple SimpleSecurity High Medium High Medium/HighAvailability High High Low (2015) HighBrand Low Low High High(Ecosystem)Value Low Low High High(loyalty, etc.)
ISIS Mobile Wallet™ Supported by AT&T, T-Mobile and Verizon AmEx, Capital One and Chase -key partners Touchless POS using NFC, Wallet, Card Loyalty, rewards and offers Initial market launch: Salt Lake City and Austin
Google Wallet Started as Google Checkout in 2006 Open platform – banks, CC, MO, brands, etc. Touchless POS using NFC, Wallet and Card Mastercard PayPass & Sprint -key partners 5 phones currently listed as supported Loyalty, rewards and offers on SingleTap™
PayPal Best established ecommerce payments Not tied to NFC More than 100 Million users Partnership with Softbank in Japan
Credit Cards & Banks Mastercard – PayPass POS and Wallet VISA – V.me Wallet CITI – partnered with Google American Express – Serve prepaid Discover – partnered with GoogleThey are all betting on every race to bothstave off losses and realize new markets.
Summary Financial transactions are undergoing massive change due to the mobile revolution There will be many winners Social/Local/Mobile/Commerce = SoLoMoCo
Question #1 How are mobile payments made secure?
Question #2 Can you talk about specific use cases?
Question #3 How does signage evolve with mobile?