Highlights from “The Payments Innovation Jury Report 2013”

The Global Innovation Jury convenes a large panel of payments industry leaders from around the world every two years. For 2013, the jury included 25 leaders in the payments sector from 13 countries and 5 continents. Members of this select group have all held leadership roles at major organisations in payments such as global banks, major processors, international card schemes and technology firms. The vast majority have lived and worked in multiple countries and as such have a comprehensive understanding of the global payments market. All are still directly involved with payments innovation. Below are the highlights and my commentary on the jurist’s consensus. Continue reading

Mobile payments… Where art thou?

So I’ve arrived at JFK International, New York, and I have a few hours to while around before my connecting flight to Orlando.

I thought I’d make good use of my time here by scouring the various airport shops (fast food, gift, apparel, luggage, book, and many other kinds of outlets) for signs of Mobile Payments’ ascendancy. If there is a self contained ecosystem where the business case for a limited Mobile Payments pilot would be strongest, this would be it, right? The vast majority of commuters sport the latest smartphones, speed of service (and payments processing) is paramount, etc.

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When the mobile toting consumer reaches the checkout counter

We have been talking about the imminent ascendancy of the smartphone into a payment instrument for the last 5 years… we’ve probably been seriously expecting it to happen over the last 3-odd years… and anyone that was at the Barcelona GSMA congress this year, will have experienced the exhaustion that everyone has with NFC – those who are tired of waiting have been forging ahead with incredible implementations ahead of those that are still talking about it.

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