Tuesday 15 November 2011

Payments Technology Conference review

In the process of writing a review of the FStech/Retail Systems Payments Technology Conference, which took place in London last week. It was a really good day, a full house and lots of excellent speakers and panellists. Thanks to the sponsors, all those who attended and took part and Paul Rodgers of Vendorcom who did a great job of chairing.
My review of the conference will appear in the November/December edition of FStech, but for the time being here are a few of the standout comments from the day:

Rob Brown, Group EPoS Systems: "What should retailers do to drive contactless adoption? Advertise the hell out of it."

Jeremy King, European Director, PCI SSC: "It is not just protecting card data. If you have an e-commerce site, it is about protecting all your data. That is what PCI DSS can bring you."

Alan Moss, Marketing Director, VeriFone NW Europe, Middle East and Africa: "Retailers have taken so long to roll-out contactless as there hasn't been a convincing value proposition."

Paul Rodgers, Chairman, Vendorcom: "PCI never was and never will be an IT problem. The whole business needs to be involved."

Jeremy King, European Director, PCI SSC: "When we talk about contactless, there are four key words, United States of America. It hasn't adopted EMV or chip and pin but it is likely to go contactless. That will be a big driver."

Mark McMurtrie, Marketing Director, S1: "Banks still have a major role to play in this brave new world of payments."

Carl-Olav Scheible, UK MD, PayPal: "The pace of change is so great even PayPal is struggling to keep up."

Paul Rodgers, Chairman, Vendorcom: "We're in this together and that's a message that doesn't always sit comfortably with the wider industry."

Alex Kwiatkowski, Research Manager, EMEA Banking, IDC Financial Insights: "NFC may be hip but it's massively over-hyped."

Simon Austin, Commercial Director, Bank Machine: "In 2010, there were only 1.7 million contactless transactions processed in the UK. Pathetic!"

Phil Edwards, Head of Business Development, O2 Money: "We're not looking to take on the banks. Our strength lies in mobile."

Further information on the conference here.

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