Sessions at SXSW Interactive 2012 about Mobile Payments and Payments and Mobile

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Saturday 10th March 2012

  • Mobile Payment Takes Lesson from Credit Industry

    by Gordon Beatty, Ryan Hughes, Jack Jania and Toni Merschen

    The credit card industry in America has backed itself into a corner - the rest of the world moved to EMV while the U.S. drug its feet. The US is now the only G20 country not utilizing chip and PIN or contactless payment solution. The mobile payments industry is careening down a similar path. Each player in the mobile payment space is vying for control over the consumer and, in the end, profit. It is beneficial to have so many solutions to meet different consumer needs, but they must be backward and forward compatible with the ability to easily integrate into all available MNOs, FIs and other third party outlets. An open system where all of these payment methods can work together is essential to the mass adoption and success of mobile payments. This panel will discuss the history of payment (focusing on credit card use as it applies to mobile payment), security issues, open systems/competing solutions and hurdles facing the industry. This session is part of the Big Data Track sponsored by Gemalto.

    At 12:30pm to 1:30pm, Saturday 10th March

    In Salon FG, Hilton Austin Downtown

    Coverage audio clip

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