In your opinion, what's the one payments innovation you expect to see in 2017?
these are one in the same, Lydia--OmniToken adoption and true cross platform Omni-Commerce on boarding.
True! I interestingly read a stat from Google today saying that 60% of U.S. internet users start shopping on one device and finish the purchase on another device.
You can count on innovation happening around the omni-ocommerce experience. It doesn't stop at using multiple devices. Consider shopping in the store only to find out they don't have your product, so you turn to their ecommerce account to order the right product. Innovation will continue to grow around making the consumer have the most options and best experience from any purchase point.
I'm sure there will be several variations of payment innovation in the coming year and at Money20/20 Hackathon. But I'm betting on the continuation of advancing mobile payments. As consumers continue to be more connected than ever to their phones, merchants too will begin demanding from their payment providers more ways to reach them. Whether it's In App, on the web, or in the store, they are going to push for a unified experience for their customers.
Take for example the average number of times a person checks their phone, 160x per day! Consider pay-by-text, while it has been in the market for some time, I only image it is around the corner that service and subscription type merchants will be jumping at the bit, especially if it is integrated with other VAS.
That's a great point! I do think that mobile payment options will continue to gain popularity.
I actually think that the big innovation in 2017 will be some kind of movement towards the Digital Driver's License. How does that relate to payments? In my opinion, it's the only thing that's holding us back from having a 100% wallet-free lifestyle. Once the Digital Driver's License becomes a real thing, I believe the demand for and evolution of digital payments is going to hit warp speed.
For dsiEMVClientX, Canadian Contactless and Tokenization from a transaction originating from an EMV pinpad.
Ok not really an innovation.
Retrieving data ...