Jul 20, 2011

Mobile Payment Faceoff at FortuneTech – Forward Thinking by Michael J. Miller
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Written by : Tom George| 0 | Business

Via Scoop.itinternetbillboards

The most contentious panel at Fortune Brainstorm Tech this afternoon dealt with mobile payments, with the banks pushing mobile payment systems facing off against Google, and the founder of Square facing off against phone-based NFC solutions. Michael Abbott, CEO, ISIS talked about how the mobile phone platform had just announced agreements with all four big U.S. payment platforms – MasterCard, Visa, American Express, and Discover – and said that made the entire industry available.John Partridge, President, Visa talked about people have multiple payment systems and would use different payment types. Doug Bergeron, CEO, Verifone Systems said he had a “presence” in roughly 5 million of the 7 million places in the U.S. that take credit cards. He said when the other companies want to move to a mobile payments world, they should work with Verifone to make sure the new systems coexist with the existing systems.
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Tom George

Founder and CEO of Internet Billboards. A futurist and serial entrepreneur, as well as a professional fitness trainer, martial artist, and business strategist. Helped to develop inbound advertising. An avid content curator who enjoys finding those digital gems out there in cyberspace and sharing them with others.
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Tom George

Founder and CEO of Internet Billboards. A futurist and serial entrepreneur, as well as a professional fitness trainer, martial artist, and business strategist. Helped to develop inbound advertising. An avid content curator who enjoys finding those digital gems out there in cyberspace and sharing them with others.

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