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Thursday, 27 November 2014

Does the Device Make the Payment or the Payment Make the Device?


From Bank Innovation

“In payments, what comes after mobile?

Mobile may be all the rage now, but wearables are coming fast, and then there’s the Internet of Things, and there’s even that guy who embedded his bitcoin wallet in his hand — ouch!

It doesn’t matter, says Ed McLaughlin, MasterCard‘s chief emerging payments officer, who believes we’re all hung up on the form factor and are missing the real story. At a Citigroup financial technology conference yesterday, McLaughlin was asked to put digital payments in perspective, and he said, per Seeking Alpha

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