WELLESLEY, Mass., June 2, 2014 (GLOBE NEWSWIRE) -- Paydiant vice president and general manager Frank Liddy will participate on a panel discussion about mobile wallets this week at the Digital Banking Summit in Los Angeles. The panel takes place on Tuesday, June 3 from 4:45 – 5:30 pm at the Hyatt Regency Century Plaza. Liddy will be joined by Robert Hedges, managing director of Alix Partners and Marc Winitz, senior vice president at Monitise. Kevin Travis, managing director of Novantas, Inc. will moderate. The panel discussion will focus on what banks can learn from the initial rollout and adoption of mobile wallets and how they can capitalize on their existing customer relationships to increase customer loyalty and generate new revenue streams.
Digital Banking Summit 2014, formerly known as Mobile Banking Summit, is presented by American Banker and Bank Technology News and takes place June 2-4. The focus this year is on digital financial services and creating omni-channel excellence. Content will highlight how banks are working to integrate digital with existing banking channels and enhancing their marketing and product development efforts to capitalize on the opportunity.
| Capitalizing on the Lessons of the Mobile Wallet | ||
| Date/Time: | Tues. June 3 4:45 – 5:30 pm | |
| Moderator: | Kevin Travis, Managing Director, NOVANTAS, INC. | |
| Panelists: | Robert Hedges, Managing Director, ALIX PARTNERS | |
| Marc Winitz, SVP, MONITISE | ||
| Frank Liddy, VP and General Manager, Paydiant | ||
Banks may not be seen as leaders in the mobile wallets space, but the market has learned some valuable lessons based on consumer behavior and the initial rollouts of mobile wallets and other mobile-based commerce solutions so far. Banks can be positioned to capitalize on the 1 to 1 relationship mobile presents for cross-selling, payment and commerce opportunities. Any bank can generate revenue, prevent attrition and drive retention via a mobile offering. At the same time, Google, PayPal, Isis and others (including Apple) are actively recruiting and enrolling customers in their mobile wallet programs. And by enrolling customers in their mobile wallet, these players are stepping between banks and their customers - and all of their valuable transaction data. What lessons can banks take from initial mobile wallet forays so far, and how can they get moving to prevent being disintermediated?
About Paydiant
Paydiant is the provider of a cloud-based, white label mobile payment, cardless ATM access, offer redemption and loyalty platform that enables merchants, banks, and payment processors to deploy and manage their own mobile payment and ATM access solutions under their own brand and on their own terms. Based on a patented, cloud-based transaction processing platform, the Paydiant solution enables the key stakeholders in the payments value chain – retailers, banks and payment processors – to control the next generation of payment solutions. Visit www.paydiant.com for more information about the Paydiant solution and follow us on Twitter @Paydiant.