Money 2020 2013, held October 6-10 at the Aria in Las Vegas, brought “together the worldwide community of innovators who are disrupting the way in which consumers and businesses manage, spend and borrow money, and explores the macro trends that form the underlying common thread of innovation.” Here is a collection of compelling quotes attendees shared o Twitter from the event.
MobilePaymentsToday: Uncertainty a given, shouldn't stop EMV migration in US: MasterCard's Carolyn Balfany @ #money2020
VeriFone: #money2020 @merurypay: 65% of merchants are considering a POS upgrade in the next few years. 70% cite #mobile as reason.
rakesholbster: Hidden cost of taking cash in a restaurant. Cash: 12 seconds, credit 5 seconds. #money2020 pic.twitter.com/FbtcHpIsUb
VeriFone: #money2020 @paypal Josh Goines 67% of people start shopping on one channel and finish on another #omnichannel
mdudas: "POS system is the OS for merchants and integration point for value added services" ~ Todd Lasher, GM @ShopKeep POS #money2020
davidschropfer: 52% of users who have not used mobile for shopping say they are neutral to ever doing so. @comScore #money2020
VeriFone: #money2020 @worldpay 4 AP factors for #merchants: authorization, tx levels and regulatory, refunds and payment type suitability
ControlScan: #money2020 : Cybercrime Threat will Demand Application of New Defenses http://t.co/ieuS8BXT2Y (via @BankingTechno SpecOpsComm) #payments
Mobilized: 57% of global ecommerce transactions worldwide will be made with alternative payment solutions by 2017. -Floris de Kort #money2020
TSYS_TSS: Of #money2020 attendees, each carries 5.6 credit/debit cards on average and 4.6 mobile and commerce apps according to McKinsey's Rajgopal.
VeriFone: #money2020 Cyriac Roeding of @shopkick - #1 goal of a #mobile app should be to generate foot traffic.
IdentiveGrop: “Even though the payment community might not see the capability, for smartcard makers it is there." http://ow.ly/pBORv #money2020 #EMV
MobilePaymentsToday: Consumers want shortcuts. Tap and go is easy. Consumers don't go back once they go contactless. MC 's Ed McLaughlin @ #money2020
Jim_Roddy: By 2020, we will have 50 billion connected devices, all with purchasing power. #ericsson exec at #money2020 @retailmag @bsminfo
Jim_Roddy: 54% of consumer purchases take place at local independent merchants. John Berkley, SVP @merurypay #money2020
EricssonMcomm: Deborah Liu, @facebook: 800M use facebook on their phones. 80% of time spent on mobile is spent in apps. #money2020 pic.twitter.com/0SvWil3GBb
SmartCardOrgUSA: #money2020 panel on #EMV “Lack of EMV means U.S. leads the world in card fraud” http://bit.ly/19ztT0V
mccrawf7: New Gartner data shows banks drop from top digital wallet consumers likely to use in future #money2020 #GartnerSYM pic.twitter.com/5RiQ3M4yep