baypay presentation at rsa 2011
DESCRIPTION
TRANSCRIPT
![Page 1: BayPay Presentation at RSA 2011](https://reader035.vdocuments.mx/reader035/viewer/2022081413/547eeddeb4af9f901e8b4662/html5/thumbnails/1.jpg)
RSA ConferenceFebruary 2011San FranciscoDaniel Chatelain, Managing DirectorThe BayPay ForumWebsite: www.baypayforum.com
Are Payment Cards a Thing of the Past now that we have Mobile and Social Payments on the horizon?
Sponsored by
The SmartStripe Company
![Page 2: BayPay Presentation at RSA 2011](https://reader035.vdocuments.mx/reader035/viewer/2022081413/547eeddeb4af9f901e8b4662/html5/thumbnails/2.jpg)
The BayPay Forum Proprietary and Confidential February 2011 – All Rights Reserved
Who We Are
• Association for Payment Professionals
▫ Network with peers locally and internationally ▫ Understand emerging trends in financial transactions▫ Exchange views on payment innovation
• Over 3,300 executives from 500 companies in the payment industry
• Over 1,500 members registered on LinkedIn (BayPay)
• Did I say? We welcome sponsors and volunteers
![Page 3: BayPay Presentation at RSA 2011](https://reader035.vdocuments.mx/reader035/viewer/2022081413/547eeddeb4af9f901e8b4662/html5/thumbnails/3.jpg)
The BayPay Forum Proprietary and Confidential February 2011 – All Rights Reserved
Events Schedule for 2011
• Upcoming events on Payment Trends▫ January
Impact of Fed’s ruling on Interchange
▫February Mobile Security at Exponent in Menlo Park Go to http://baypayforum-feb23.eventbrite.com/
▫March Alternative Payment Solutions 2 day conference in South San Francisco Panel on Mobile Platforms “How to Get There” Registration open – BayPay members get 25% discount Go to http://baypayforum-mar29.eventbrite.com/
▫April Mobile Payment is not only NFC – Is It?
▫Later Other topics on payments and more Mobile
![Page 4: BayPay Presentation at RSA 2011](https://reader035.vdocuments.mx/reader035/viewer/2022081413/547eeddeb4af9f901e8b4662/html5/thumbnails/4.jpg)
The BayPay Forum Proprietary and Confidential February 2011 – All Rights Reserved
Some of our Members
And many more
![Page 5: BayPay Presentation at RSA 2011](https://reader035.vdocuments.mx/reader035/viewer/2022081413/547eeddeb4af9f901e8b4662/html5/thumbnails/5.jpg)
The BayPay Forum Proprietary and Confidential February 2011 – All Rights Reserved
Payment - How it started?
The Ascent of Money: A Financial History of the World
From : Niall Ferguson
![Page 6: BayPay Presentation at RSA 2011](https://reader035.vdocuments.mx/reader035/viewer/2022081413/547eeddeb4af9f901e8b4662/html5/thumbnails/6.jpg)
The BayPay Forum Proprietary and Confidential February 2011 – All Rights Reserved
Then …
![Page 7: BayPay Presentation at RSA 2011](https://reader035.vdocuments.mx/reader035/viewer/2022081413/547eeddeb4af9f901e8b4662/html5/thumbnails/7.jpg)
The BayPay Forum Proprietary and Confidential February 2011 – All Rights Reserved
•Commerce is entering a new phase
•New entrants don’t have the right payment tools
• Incumbents are taken off guard by what is happening (sometimes not even aware)
•Fraud Online is increasing in volume
•High risk of disintermediation
Today presents new challenges
![Page 8: BayPay Presentation at RSA 2011](https://reader035.vdocuments.mx/reader035/viewer/2022081413/547eeddeb4af9f901e8b4662/html5/thumbnails/8.jpg)
The BayPay Forum Proprietary and Confidential February 2011 – All Rights Reserved
So Now Where are We?
![Page 9: BayPay Presentation at RSA 2011](https://reader035.vdocuments.mx/reader035/viewer/2022081413/547eeddeb4af9f901e8b4662/html5/thumbnails/9.jpg)
The BayPay Forum Proprietary and Confidential February 2011 – All Rights Reserved
eCommerce Volume is Growing
Source: Morgan Stanley Web 2.0 Summit San Francisco 2010
• More purchase options• More payment options• New currencies
e.g.
• From targeted advertising
• To profiled advertising• To new business models
![Page 10: BayPay Presentation at RSA 2011](https://reader035.vdocuments.mx/reader035/viewer/2022081413/547eeddeb4af9f901e8b4662/html5/thumbnails/10.jpg)
The BayPay Forum Proprietary and Confidential February 2011 – All Rights Reserved
Acceleration of new technology adoption
![Page 11: BayPay Presentation at RSA 2011](https://reader035.vdocuments.mx/reader035/viewer/2022081413/547eeddeb4af9f901e8b4662/html5/thumbnails/11.jpg)
The BayPay Forum Proprietary and Confidential February 2011 – All Rights Reserved
Customer Engaged at Time & Place of Decision
Location or Time based Services
Transparent Pricing
Discounts
Instant Gratification
Experience influences method of identification, checkout & payment instrument
![Page 12: BayPay Presentation at RSA 2011](https://reader035.vdocuments.mx/reader035/viewer/2022081413/547eeddeb4af9f901e8b4662/html5/thumbnails/12.jpg)
The BayPay Forum Proprietary and Confidential February 2011 – All Rights Reserved
Who Owns the customers?
Internet Population
1.8 B
Google972MM (+8%)
Facebook662MM (+41%)
Twitter253MM (+85%)
Apple130MM (+103%)
Zynga130MM (+15%)
Groupon51MM (+25%)
Source: KPCB Mary Meeker – Top Mobile Internet Trends 2/10/11
![Page 13: BayPay Presentation at RSA 2011](https://reader035.vdocuments.mx/reader035/viewer/2022081413/547eeddeb4af9f901e8b4662/html5/thumbnails/13.jpg)
The BayPay Forum Proprietary and Confidential February 2011 – All Rights Reserved
Risk of Disintermediation
And many more…
MOBILE PAYMENT ONLY
![Page 14: BayPay Presentation at RSA 2011](https://reader035.vdocuments.mx/reader035/viewer/2022081413/547eeddeb4af9f901e8b4662/html5/thumbnails/14.jpg)
The BayPay Forum Proprietary and Confidential February 2011 – All Rights Reserved
So What about our Cards?
Challengers still small regarding payments
Payment cards still rule
But the system is under attack and needs to adapt
![Page 15: BayPay Presentation at RSA 2011](https://reader035.vdocuments.mx/reader035/viewer/2022081413/547eeddeb4af9f901e8b4662/html5/thumbnails/15.jpg)
The BayPay Forum Proprietary and Confidential February 2011 – All Rights Reserved
eCommerce Volume is Growing
![Page 16: BayPay Presentation at RSA 2011](https://reader035.vdocuments.mx/reader035/viewer/2022081413/547eeddeb4af9f901e8b4662/html5/thumbnails/16.jpg)
The BayPay Forum Proprietary and Confidential February 2011 – All Rights Reserved
Just a Few Things to Keep in Mind
•The world of Commerce on a global basis is changing at a fast pace
•Payment is always tightly linked to commerce not the other way around
•The existing ways to make a payment are still relevant but need to be improved
•The BayPay Forum is organizing events to discuss these issues
![Page 17: BayPay Presentation at RSA 2011](https://reader035.vdocuments.mx/reader035/viewer/2022081413/547eeddeb4af9f901e8b4662/html5/thumbnails/17.jpg)
The BayPay Forum Proprietary and Confidential February 2011 – All Rights Reserved
Thank You
Daniel Chatelain, Managing DirectorThe BayPay ForumWebsite: www.baypayforum.com