PYMNTS.com Features Key Payments Industry CEOs and Executives In Its Ongoing Interview Series Focusing on What’s Next in Payments
CEOs speak about the global payments industry, NFC, mobile and innovation
BOSTON--(BUSINESS WIRE)--The PYMNTS.com CEO interview series features some of the payments industry thought leaders and chief executives from the leading companies in the payments industry this quarter. Leading players across the payments spectrum describe “What’s Next” in payments to David Evans, Founder, Market Platform Dynamics and author ofPaying with Plastic (2nd Edition, MIT Press, 3rd Edition forthcoming) in this exclusive PYMNTS.com feature.
“Paypass has provided a great deal of capability for us…[and] the ability to speed transactions through on a checkout, as well as providing some ingenuity and innovation… So I think for us, merchants are big, they’re important; we’re spending a lot more time with them.”
These interviews have already captured the views of CEOs from a diverse group of payment industry innovators. In this interview series, CEOs address the role of mobile, security, prepaid, eCommerce and payments infrastructure in transforming the industry over the next 3 to 5 years, in both the developed and developing worlds. Key interviews this quarter include:
Ken Chenault: CEO, American Express
In a wide-ranging, two-part interview with PYMNTS.com’s David S. Evans, Ken Chenault of American Express discusses the future of payments and all signs point toward mobile. Chenault says that, “the interrelationship of the growth of mobile with payments, is going to be important…we believe that the connection is going to be very, very important.”
The full, two-part PYMNTS.com interview with Ken Chenault can be found here:
Jack Dorsey: CEO, Square
When buzz began bubbling up around Square about a month ago, the industry took notice. Many charged that was due mainly in part because the driving force behind Square was the co-founder of Twitter, Jack Dorsey.
The full PYMNTS.com interview with Jack Dorsey can be found here:
Gary Flood: President of Global Products and Solutions, MasterCard
Flood discusses how the economic crisis drives payment innovation at MasterCard. Flood sees both technology and consumers driving solutions that will shape the future of the payments industry. When asking Gary about new developments from the merchants’ perspective he says, “Paypass has provided a great deal of capability for us…[and] the ability to speed transactions through on a checkout, as well as providing some ingenuity and innovation… So I think for us, merchants are big, they’re important; we’re spending a lot more time with them.”
The full transcript and PYMNTS.com interview with Gary Flood can be found here: http://pymnts.com/gary-flood-mastercard/.
Mike McCoy: President, Wells Fargo Card Services
McCoy also comments on mobile and the impact they will have on Wells Fargo Card Services as well as the payments industry in general saying, “There will be a lot of developments in the mobile channels as well as online.” Find out what McCoy thinks is “What’s Next” in this interview.
The full transcript and PYMNTS.com interview with Mike McCoy can be found here:
Bill Sheedy: President of The Americas, Visa
Sheedy comments that innovations in the US will “primarily…come in the form of smarter devices that initially are just going to add value to the existing card-based magnetic stripe infrastructure” and suggests that “the ability for the industry to electronify more transactions through prepaid and other forms of commercial payment forms is pretty exciting” in light of the still enormous cash-base in both the US and global economies ($3.5 trillion in the US, $13+ trillion globally).
The full transcript and PYMNTS.com interview with Bill Sheedy can be found here:
Lisa Stanton: Global Alliance Director, Monitise
In the PYMNTS.com interview with Lisa Stanton, Global Alliance Director at Monitise, she says, “It’s all about consumer adoption, driven from the end consumer back [and getting] the consumer interested in using their mobile as opposed to their wallet.”
The full transcript and PYMNTS.com interview with Lisa Stanton can be found here:
Scott Thompson: CEO, PayPal
Thompson discusses the changing POS experiences driven by new channels, predicting mobile as an industry game changer. Thompson predicts that “mobile is going to happen in a huge way…[and that it’s] a pretty interesting paradigm change if the point of sale is actually in your hand, not in the merchant’s hand.”
The full transcript and PYMNTS.com interview with Scott Thompson can be found here:
Phil Tomlinson: CEO, TSYS
Tomlinson shares his positive outlook for 2010 and explains how TSYS will drive innovation through their diverse business model. With tightening regulations for issuers, TSYS is relying on creativity to come up with new and exciting products to stir consumer interest.
The full PYMNTS.com interview with Phil Tomlinson can be found here:
Prabhat Vira: Head of Global Transaction Services, Royal Bank of Scotland
Prabhat Vira shares his unique global view of the payments industry with David S. Evans, and reveals what's next for RBS. Learn how RBS is turning to the user experience to drive innovation by creating a solution that leverages emerging technologies that allows a simple user-experience to mask a unique and complex solution which will help push RBS ahead of the game.
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About PYMNTS.com
PYMNTS.com promotes the companies, products and people that drive "what's next" in payments, worldwide. PYMNTS.com is a joint venture between Berkshire Hathaway's Business Wire and Market Platform Dynamics. In the two months since its launch, PYMNTS.com has assembled a very large and highly engaged community of relevant (and senior) industry executives and opinion makers across the payments ecosystem who regularly click on its newsletter, visit the site, and spend a lot of time there. PYMNTs.com has become the "hub" for payments innovation for those whose core business is payments and for those who view payments as central to their own commerce capabilities.
About Market Platform Dynamics (MPD):
MPD is a management consulting firm that ignites catalyst businesses by leveraging new technologies, business models and pricing strategies. MPD has a wealth of experience within industries that are characterized by complex platform-centered ecosystems, including payments, mobile/telecoms, digital and advertising-supported media, and software-based businesses.
MPD works with both incumbents and new entrants, offering a unique lens into the dynamics that shape the competitive playing field. In addition to traditional consulting-based services, MPD’s Catalyst Ventures provides intellectual and human capital to new firms. MPD’s experts include economists, econometricians, product development specialists, and strategic marketers who apply cutting-edge business theory and statistical methods to the practical problems of building and growing a profitable catalyst business. MPD is headquartered in Cambridge, MA, and has offices in London and Hong Kong.
For more information visit www.marketplatforms.com.
About Business Wire
Business Wire, a Berkshire Hathaway company, is utilized by tens of thousands of member companies and organizations worldwide to functionally enhance and communicate investor relations and public relations content to target audiences. As a recognized disclosure service in the United States, Canada and a dozen European countries, Business Wire facilitates the simultaneous flow of market-moving press releases from corporations to financial markets and their audiences, including regulatory authorities, media, investors, financial information systems and consumer news services. Business Wire also handles XBRL tagging, document formatting and regulatory filing into EDGAR, SEDAR, FSA and other systems.
Founded in 1961, Business Wire has dual headquarters in San Francisco and New York, with 30 bureaus in cities including Los Angeles, Chicago, Boston, Miami, Paris, Frankfurt, London, Brussels, Tokyo, Toronto and Sydney and reciprocal offices throughout the world. Business Wire's patented NX data platform supports XML, XHTML and XBRL code that enhances news release interactivity, social media sharing and search engine optimization. More information about Business Wire and its services is located on its website atwww.BusinessWire.com.
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