February, 2015
NCR Small Business recently picked the brain of our very own Dan Noyd on all things Apple Pay, Bitcoin and EMV. Dan, Jabian’s resident FinTech guru, joined a panel of industry experts to discuss the biggest innovations in financial technology. You can check out his thoughts below.
What was the biggest innovation in financial technology in 2014?
“Apple Pay certainly has to be considered one of the biggest innovations this year. I’m not sure if it will actually end up moving the needle, but it definitely brought consumer attention to the innovations happening in the payments industry, which to me is very significant”
What will be the biggest innovation or issue facing financial technology in 2015?
“Whether or not consumers will accept and adopt Apple Pay is going to set the course for the future. If they do, a group of new players will enter the market with competitive and complimentary services. If they do not, the biggest consumer brand in the world will have failed on a very large, very public scale. Everyone is waiting to see if Apple can do what everyone else has been unable to do (make mobile payments mainstream) so far. If they are successful it will radically change the face of the industry for years to come.”
For more insight into what experts saw in 2014, visit NCR Small Business’ blog, The Sidewalk. You can also click here to read their predictions for the year ahead.