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Smart Card Alliance Mobile Wallet Workshop Brings Structure to the Wild West of the Mobile Payments Industry

PRINCETON JUNCTION, N.J., Aug. 04, 2016 (GLOBE NEWSWIRE) -- The mobile wallet market today is the Wild West of the payments industry—it is largely undefined, there are no commonly-used security standards, and it is an open territory for innovation. For payments stakeholders looking to rein-in mobile wallets and understand the mobile wallet landscape, security considerations, and the business impact of mobile payments technology, the Smart Card Alliance will host a full-day mobile wallet workshop this September as part of its training and education initiatives through the Alliance’s National Center for Advanced Payments and Identity Security, in Crystal City, Virginia.

The one-day workshop, “Mobile Wallets – the Wild West of Payments,” will be held on September 15, 2016, and will be hosted in-person at the training center and streamed live for remote attendees. For those unable to attend, the workshop will also be recorded and made available online after the event.

To register for the in-person workshop, click here. The cost to attend the in-person workshop is $595 for members, $795 for non-members. Limited seating will be available so registrants are urged to reserve early. To attend via live stream webcast, register here. The cost to attend via webcast is $295 for members, $395 for non-members.

“Keeping up with the technology issues and business drivers effecting the rapidly evolving mobile payments is a challenge because there are so many choices and so much potential for innovation. Education that sorts out all of the variables that are changing for a rapidly growing industry like mobile payments is critically important,” said Randy Vanderhoof, executive director of the Smart Card Alliance. “Hosting this workshop as part of the National Center for Advanced Payments and Identity Security curriculum provides payments industry stakeholders with both face-to-face and online education on the most important aspects and considerations of the mobile wallet market.”

The workshop will feature a wide range of topics, including:

  • A high-level introduction to mobile wallets
  • Pros and cons of the NFC and HCE technologies behind different wallet solutions
  • Potential business impacts of tap, in-app and mobile browser wallets
  • A comparison of the mobile device-centric, bank-centric and merchant-centric wallet models on consumer adoption
  • A close look at Apple Pay, Samsung Pay and Android Pay – three main players in the U.S. market
  • A deep dive into merchant- and bank-centric wallets including ChasePay, Walmart Pay, and wallets from Amazon and U.S. Bank
  • Security considerations and fraud risks on the myriad of wallet solutions
  • An expert panel discussion on the winners and losers of the mobile Wild West

Speakers will include Deborah Baxley, Paygility Advisors; Guy Berg, Federal Reserve Bank of Minneapolis; Tony Sabetti, CPI Card Group; Julien Traisnel, Oberthur Technologies; and Randy Vanderhoof, Smart Card Alliance with payments consultant Oliver Manahan as a moderator.

For more information about the Smart Card Alliance’s training and education programs, visit http://www.smartcardalliance.org/activities-educational-institute/.

About the Smart Card Alliance
The Smart Card Alliance is a not-for-profit, multi-industry association working to stimulate the understanding, adoption, use and widespread application of smart card technology.

Through specific projects such as education programs, market research, advocacy, industry relations and open forums, the Alliance keeps its members connected to industry leaders and innovative thought. The Alliance is the single industry voice for smart cards, leading industry discussion on the impact and value of smart cards in the U.S. and Latin America. For more information please visit http://www.smartcardalliance.org.


CONTACT: Megan Shamas Montner Tech PR 203-226-9290 mshamas@montner.com

Source:Smart Card Alliance