Wednesday at Money2020 started very strong with an early morning tweet chat hosted by Bank of America and attended by over 200 fintech followers in a live chat room and digitally.
Participants provided feedback on the topics they enjoyed the most, the biggest takeaway, what the future shopper would look like and what it will take to make mobile payments mainstream. Despite the early hour, the twitter volume hit event highs based on tracking shown below.
Despite many people heading back home, the momentum for the day didn't stop, with keynotes from Facebook, Bank of America and First Data being a bridge to excellent 'Launchpad' sessions where new products were introduced each day in 6 minute intervals similar to Finovate.
Highlights of tweets made up until the lunch are provided below.
#Money2020 Banks & Google are positioned in a way to capture a lot of customer context and can deliver value if & when they make useof it.
— Cherian Abraham (@cherian_abraham) October 9, 2013
@noyesclt makes the point: even with strong product, persuading consumers to change behavior is hard and slow. #money2020
— John Muller (@jmuller) October 9, 2013
Tweet Recap of Mon/Tues - Mon: http://t.co/ll2PP0Wvai Tues AM: http://t.co/55lE6uWhVn Tues PM: http://t.co/LNwvynrB8x #Money2020
— Jim Marous (@JimMarous) October 9, 2013
Watching Deborah Liu of #Facebook payments. How far will she go in exposing their goals of being the ID engine for alt payments? #money2020
— Scott Dueweke (@Scott_Dueweke) October 9, 2013
The @facebook ecosystem supports 55 currencies, 80 pmt methods and over 1MM pmts daily. Heck yes, they're a player in payments! #money2020
— Suzanne LaProva (@SuzanneLaProva) October 9, 2013
800 million Facebook users on mobile. #money2020
— Sam Maule (@sammaule) October 9, 2013
50% of apps are abandoned within the first month of use, according to @facebook presenter at #money2020
— ngenuity Journal (@ngenuityjournal) October 9, 2013
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| Money2020 Word Cloud Created By My Friends at TSYS |
#money2020 @facebook Showing integration of facebook in shopping experience ... more evolutionary (A to B) than revolutionary (A to M)
— chris fleischer (@ccfleischer) October 9, 2013
BofA: 50m customers; 30m online; 14m mobile; 200+ debit swipes/sec; ~100 credit swipes/sec; 3m small biz customers #money2020 --that's scale
— Scott Baldwin (@benry) October 9, 2013
Bank of America adding 40k-50k mobile banking users every week. #money2020
— Eric Rosenzweig (@erosenzweig) October 9, 2013
@bankofamerica saves customers $15MM and advertisers $151MM with Bank AmeriDeals powered by @cardlytics #money2020
— B.Horne (@BHorne_bdh) October 9, 2013
The most used mobile payment device is the debit/credit card. Aditya Bhasin at #money2020
— Bank of America (@BofA_News) October 9, 2013
FirstData launching Clover at #money2020 http://t.co/Xhs2tyYsOL
— Scott Baldwin (@benry) October 9, 2013
#Pangea wants to revolutionize money transfers, remittances. 250m people transfer $500b/yr market. US/Mexico launch 1st #money2020
— Scott Dueweke (@Scott_Dueweke) October 9, 2013
RT @PamelaLeiSmith RT @sheusuk: Very cool demand generation tools embedded into Spark Pay, plus a great skit and free cake pops. #money2020
— Social Network Woman (@Donnaantoniadis) October 9, 2013
Simplee integrating payment plans into its healthcare payment management service. Great banking opportunity #money2020
— Jim Bruene (@netbanker) October 9, 2013
@fastacash allows users to send money via social platforms such as @facebook, @Skype, @Twitter #money2020.
— ngenuity Journal (@ngenuityjournal) October 9, 2013
@Zumigo1 allows issuers to geolocate customers via their phones so that they can authenticate users in cases of suspected fraud #money2020
— ngenuity Journal (@ngenuityjournal) October 9, 2013
Catching up on #money2020 via Twitter. There are more elephants in the room there than Africa, apparently.
— Dominic Venturo (@innov8tr) October 9, 2013
Experian launches consulting services for the mobile market at #Money2020 http://t.co/CcdX5gQqUg Congrats @cherian_abraham !!!
— LoyaltyPayments.com (@mloyaltypayment) October 9, 2013
Stuart Aitken, CEO dunnhumby USA: "data allows you to see customers as individuals" "demographics tell you nothing" #BigData #money2020
— Iker de los Ríos (@ikerdlr) October 9, 2013
Digital ID just as messy in banking as it is in tech #money2020 panel on emerging authentication and ID solutions
— Scott Baldwin (@benry) October 9, 2013
User behavior the holy grail for authentication? Current model way too complex. Need standardized security model states panel. #money2020
— Sam Maule (@sammaule) October 9, 2013
Personal opinion: Until Apple supports NFC, NFC will not become the new standard for payments #money2020
— Howie Wu (@Howie_Wu) October 9, 2013
Cardless ATMs Allow You To Get Cash with Your Phone via @CNNMoney #money2020 #mobilecommerce http://t.co/6x2oCtwTKw
— SpecOpsComm (@SpecOpsComm) October 9, 2013
One differentiation of Leaf v @Square: Leaf believes merchant better served w/ dedicated POS hardware-Leaf CEO Aron Schwarzkopf #money2020
— ngenuity Journal (@ngenuityjournal) October 9, 2013
New Gartner data shows banks drop from top digital wallet consumers likely to use in future #Money2020 #GartnerSYM pic.twitter.com/5RiQ3M4yep
— Mike Crawford (@mccrawf7) October 9, 2013
#money2020 finally made it in to the exhibition - now on the swag trail - vanitv M&Ms current fave
— Dave Birch (@dgwbirch) October 9, 2013
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