Published on March 12, 2014
Doug Floyd email@example.com www.linkedin.com/in/dougvfloyd @DougVFloyd 312.502.3113 (cell)
Market Space Mobile Payment & Technology (Retail) Digital Wallet Bitcoin Revolution E-Banking Leading Retail Solutions Leading Payment Solutions Contact Information
Market Space: Economic transactions are increasingly moving from the physical to digital realm. Growth has been powered by the explosion of mobile devices, emergence of wireless standards, and development of digital payment ecosystems. Digital Payment Ecosystems Smart phones, tablets (Android, iOS) Wireless standards (NFC, Bluetooth) Mobile payment & billing software (PayPal, Bluefin) Connected POS devices (Square) Digital money (Bitcoins)
Large, Global scale Millions of merchants Billions of transactions Trillions of dollars in E-Commerce Confluence of Large Players Major wireless carriers (Verizon, AT&T, T-Mobile) Major physical retailers (Walmart, Target, Nordstrom) Major web marketplaces (Google, Amazon, Apple) Major banks & credit card providers (Visa, MasterCard, Amex, Discover) New web banks (Simple, Ally, Bank of Internet)
Mobile Payment: With the large number of smartphones and tablets being sold, consumers have become increasingly comfortable with payment processing on mobile devices. Mobile Payment Models Transactional payments (SMS) EEMEA/Asia popularity, US limited adoption (fund raising) Mobile billing (Asia) Mobile web payments Credit card & PayPal (cloud) popular in US Contactless payment (NFC, Bluetooth) Square/iPad popular in US
Developing Country Mobile Payment Micropayment adoption Premium SMS services mBlox, popMoney Direct mobile billing M-Pesa, BOKU, Zong, BillToMobile Mobile Technology (Retail) Barcodes & QR codes Indoor positioning WiFi triangulation Radio beacons LED lights Magnetism maps Sensor tracking
Digital Wallet: Consumers are using virtual wallets tied to mobile devices in place of physical cash for transactions. Digital Wallet Architecture Primary Components Electronic infrastructure, application software, mobile device Electronic Commerce Modeling Language (ECML) protocol Retail checkout form structure & setup Multiple technologies BLE, NFC, QR Codes, geofencing Threat to Traditional Credit Card Companies Register existing card accounts Websites & physical locations Important merchant purchase data Targeted & relevant ads Loss of premium rates Loss of direct relationship with merchants
Bitcoins: Bitcoins are enabling borderless digital money to replace physical denominations and may shape the future of currencies. Temporary Setbacks Mt. Gox Controversy Government Regulation Japan/China/EU hesitations Theft, consumer protection, volatility, speculation BitCoin itself may not end up as leading digital currency Cryptocurrency competitors include LiteCoin & PeerCoin Coinbase link bank account to virtual wallet (Andreessen Horowitz funding) Contagion No-Touch E-Commerce solution Peer to Peer (P2P) Payment System Bitcoin-Qt reference client Miners block chain maintenance BitCoin ATM buying & selling
E-Banking: Internet-only and Online-only banks have been steadily gaining popularity among consumers due to the convenience and large number of free services. Services Transactional services Accounts, statements, checks Banking services Transfers, bill payments, investments Security concerns PIN/TAN system (one-time password) Noteworthy E-Banks Simple Purchased by Spanish bank BBVA Ally (no maintenance fees, upfront cost reimbursement) Bank of Internet (high interest checking, home mortgage option)
Primary Big Box Retailers Merchant Customer Exchange (MCX) Large retailers (WalMart, Target, Best Buy, Sears, CVS, Lowes, Publix, Shell Oil) $1Trilloin+ annual sales Mobile app supporting smartphone-enabled purchases Allynis Mobile Payment Platform (Gemalto) SDK allowing retailers to embed wallet functionality into existing apps High End Retailers Nordstrom strategy Store-wide WiFi Mobile POS system Modified iPod Touch Access to company’s entire inventory Enable immediate sale with no waiting in line Yearly sales increases
Leading Payment Solutions Square Square Register Square Cash Square Wallet PayPal Merchant accounts Prepaid MasterCard Bill Me later product Google Wallet MasterCard PayPass Visa payWave Debit Card (Prepaid MasterCard) Isis Mobile Joint venture with 3 leading wireless carriers Verizon, AT&T, T-Mobile Partnership with Visa, MasterCard, Amex, Discover
Leading Payment Solutions Stripe Tools enable mobile & web payments Twitter in-tweet payment solution Amazon Amazon Payments Kindle Checkout System (Kindle Tablet) Apple iPad leading hardware platform for retailers Mobile payment systems (iPhone 6) iTunes store Starbucks Most used digital payment app in US Focus on improved user experience & speed
Doug Floyd Business technologist specializing in program execution and driving transformative growth through digital technology strategies. SlideShare Presentations: www.slideshare.net/dougvfloyd Digital Leadership Digital Money & Payment Internet of Things Next Gen Agile 3.0 Next Gen Lean 3.0 Next Gen PMO 3.0 Doug Floyd firstname.lastname@example.org www.linkedin.com/in/dougvfloyd @DougVFloyd 312.502.3113 (cell)
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