•  

The Payment Revolution is Coming: Welcome to Interchange Zero

A session at SXSW Interactive 2012

Sunday 11th March, 2012

3:30pm to 4:30pm (CST)

When money flows frictionlessly, good things happen. Good things for small businesses. Good things for consumers. Good things for the economy as a whole. The game layer and the mobile payments space are on a crash course, and it's going to be awesome. So awesome that it’ll force credit card interchange rates to zero and pump 50 billion dollars a year back into the economy. Sounds crazy, but before Al Gore invented the internet, we never imagined information would flow so freely. As soon as the friction was removed from information-transfer, a new economy emerged that changed the way we do business. The same is about to happen with money. It's just another medium of information, and it's high time to suck the friction out of the economy. There are two elements driving this transition to interchange zero 1) the technology that’s driving fees down (along with some far-reaching legislation thanks to Dick Durbin) and 2) the information inherent in payments that’s being leveraged to drive revenues up. Join Seth Priebatsch, Chief Ninja of SCVNGR + LevelUp for a fast-paced session on how a combination of mobile payment startups (even the ones being formed by big companies), The Durbin Amendment, and a tipping point in consumer behavior will completely change the way we think about money -- maybe even re-wire how our economy works.

About the speaker

This person is speaking at this event.
Seth Priebatsch

Chief Ninja, SCVNGR

Next session in Ballroom D

5pm Network Effect: Building a Business Around Sharing by Drew Houston

h

Take collaborative notes on this session with hackpad

https://austin.hackpad.com/BMZN5ZJISZR

Seth Priebatsch at previous events

27 attendees

  • Francesco D'Orazio
  • Allyson Witherspoon
  • Lucas Smolic
  • Ryan McCormack
  • Casey Justus
  • Dave Gerhardt
  • Diana Hong
  • Diana Huang
  • Gokben Yamandag
  • Gui Ambros
  • Gustavo Diamantino
  • Eric Ho
  • Daniel Hansson
  • Juliana Nascimento
  • keithmcarthur
  • magnus thure nilsson
  • Marc Lachs
  • Michael Moyer
  • Nicole Hennig
  • Nicholas Wang
  • Patricia Marinho
  • Seth Priebatsch
  • sheri
  • Chris Sparks
  • Jerome Schmitt
  • Martin Thörnkvist
  • Mikael Zackrisson

10 trackers

  • Alan Botvinick
  • Andrew Ward
  • Cam Bevis
  • Dane Knecht
  • Jeff Herron
  • Kevin S Prince
  • Matthew Levine
  • Meghan Paul
  • Rui Piranda
  • Audrey Vaughn

Coverage of this session

Sign in to add slides, notes or videos to this session

Sign in to track this session

Tell your friends!

When

Time 3:30pm4:30pm CST

Date Sun 11th March 2012

Where

Ballroom D, Austin Convention Center

Session type

Solo

Session Hash Tag

#interchangezero

Short URL

lanyrd.com/spkrm

View the schedule

Share

Topics

See something wrong?

Report an issue with this session