Mobile Payment is without question the hot topic of 2011 and it is often seen as synonymous with NFC. Yet NFC (near field communication) is just “a set of short-range wireless technologies” (Wikipedia) used to establish communication between a payment medium such as a card with a chip or a mobile phone, and a merchant terminal. A range of other technical ways are available to accomplish this connection, such as optical communication using bar codes or other solutions and NFC is only a small technical aspect in the complex mobile payment scenario.
Looking at mobile payment solutions that go beyond NFC and beyond plastic cards not only focuses on the actual payment process and systemic changes influenced by the use of mobile devices, it also gives a fresh view on state-of-the-art solutions that may be more effective and cheaper to deploy lthan NFC that was standardized in 2003.
A panel of 4 – 5 experts will discuss the business impact of different mobile payment solutions and retail transaction technologies.
Bring your business and check who is attending at the bottom of this page.
7:00-8:30 Panelists Presentation and Discussion
7:00-7:05 Introduction of the BayPay Forum by Daniel Chatelain
7:05-7:15 Introduction of PaymentOne, Session Topic, and Panelists
7:15-8:00 Panelists Views on Mobile Payment Solutions that go beyond NFC
Daniel Chatelain, Managing Director, BayPay Forum
Joe Lynam, Founder & CEO, PaymentOne
Carole Realini, Executive Chairman, Obopay
Andy Kleisch, CEO,Billing Revolution
Yuri Drozd (ex-CTO of Cimbal), CEO,Motreus
John Pizzi, COO,mFoundry
Eric Barbier, CEO,TransferTo
8:00-8:30 Questions to the Panel
8:30-9:00 Networking and Departure.
Joe Lynam, President & CEO, PaymentOne
Joe Lynam has spent the last two decades as one of the leading pioneers of alternative payment. At PaymentOne he created the vision and developed innovative, patented digital payment solutions including the industry's fastest-growing carrier payment service. Lynam's early work in payment methods, authentication tools, and comprehensive fraud control techniques now are emerging as industry-wide standards.
Lynam is an accomplished entrepreneur and executive with proven ability to lead companies through profitable double and triple digit growth. Previously, Lynam founded and led the payments company Versatel Billing Systems (VRS), which was successfully acquired by AT&T. Within three years, Lynam took VRS from startup to annual billings of more than $300 million.
Under his leadership, PaymentOne has been named to Inc. 500 and awarded two Deloitte Fast 50 Awards, noted as the 11th fastest growing technology company in Silicon Valley. The company has also achieved finalist status for the American Business Awards, and a listing on the Forbes Midas List. Lynam is a noted and oft-requested speaker and commentator for print and broadcast media including AdWeek, CBS MarketWatch, Investors Business Daily, and CNN.
Lynam serves on the board of the Mobile Entertainment Forum as well as XTRM Sports Network Inc.
Carole Realini, Executive Chairman, Obopay
Carol Realini is the Executive Chairman and Founder of Obopay, Inc. a leading global mobile banking and payment provider. Carol, a recognized international expert in mobile money, has presented to world business and political leaders at events including those hosted by the U.S. State Department, the World Economic Forum, and the Gates Foundation.
A successful veteran entrepreneur with three decades of technology experience, Carol has successfully lead companies through initial public offerings, as well as, into acquisitions. Carol is passionate about improving people’s lives through delivering universal and affordable access to financial services through mobile technology. She has focused her latest venture, Obopay, on addressing this issue.
There are now over 5 billion mobile phones in the world with penetration of mobile phones even in the remotest areas of the world; however, there are only around 1.5 billion people with access to bank accounts. Carol’s vision to start Obopay took root when she witnessed this first hand while traveling in Africa, where she saw people with mobile phones who were un-served by traditional banking. By leveraging the growing mobile network, Carol had the vision to use mobile technology to bring access to financial services to people that have never had them before. Access to banking through mobile devices holds the promise to bridge the gap in access to financial services and in doing so the potential to empower the life and work of millions of people and small businesses around the world.
Obopay was selected as a 2010 Technology Pioneer by the World Economic Forum for its work in this area. Carol has also worked to craft partnerships with leading financial institutions such as MasterCard and FIS Global; and by mobile carriers and technology providers such as AT&T, Verizon, Nokia and Qualcomm in order to help realize her vision.
Carol and Obopay have also been recognized for achievements over the years including:
• In 2010, Carol was recognized as one of the most influential women in Silicon Valley by the Silicon Valley Business Journal
• In 2010, Obopay was recognized as a Technology Pioneers by The World Economic Forum
• In 2010, Obopay was recognized by MIT Technology Review as one of the 50 Most Innovative Companies
Andy Kleisch, CEO, Billing Revolution
Andy is a serial entrepreneur bringing a deep background in mobile operator billing technology and mobile data product management. Prior to founding Billing Revolution with its Single Click Checkout product, Andy was the Sr. Manager of the AT&T Wireless mMode portal. Before entering mobile, Andy was the founder of WeddingChannel.com (a leading wedding planning web destination) which was later sold to the Knot for $80+MM.
Mr. Kleitsch resides in Seattle Washington and enjoys windsurfing when he is not spending time with his wife and two children.
Eric Barbier, CEO,TransferTo
Eric is the CEO and founder of TransferTo, the leading international airtime remittance hub, acquired by Ingenico in 2010. Before TransferTo, Eric co-founded Mobile 365, the global leader in mobile messaging interoperability, delivery and settlement of SMS and MMS. He was successively the Chief Technology Officer and the Vice President of the Person to Person Business Unit. Mobile 365 was acquired by Sybase (now SAP) in 2006.
Yuri Drozd, CEO, Motreus
Yuri Drozd is a co-founder and CEO of Motreus, a start-up developing advanced payment and security solutions. Before, as CTO at Cimbal Inc., he managed technical product development and co-authored multiple patents in the payment space. Mr. Drozd combines deep software and hardware knowledge with 15 years experience in operations management. Earlier, Mr. Drozd was CIO at Vega Capital and served as a principal engineer at Xerox PARC. Mr. Drozd holds a BS and MS in mathematics, graduating magna cum laude from Kyiv National Taras Shevchenko University, and an MBA from the Haas School of Business at the University of California, Berkeley, where he was a Haas Venture Fellow. Mr. Drozd also holds a CFA designation, is a winner of the Kiev Mathematical Olympiad and an accomplished pianist.
When & Where
The BayPay Forum
If you are a member of the payment industry, you are invited to join BayPay, a networking group of the Silicon Valley focused on payments and composed exclusively of members in the payment community or investors in this area. If you are not yet a member and would like to join, reply to this email to get your free membership with a quick description on how you fit in the payment industry. Even after all these years, the payments industry is still expanding in both mature and emerging markets worldwide as the industry adapts to new market opportunities. New technologies including contactless cards, cell phone integration, biometrics, RFID and strong authentication are emerging and potentially creating new challenges for both financial institutions and their customers. Prepaid cards, gift cards, new forms of payment like PayPal, are all vivid demonstrations of the vibrancy of new thinking in the payments industry. With wireless ubiquity now essentially a reality, transaction aggregation and micro payments become a necessity. As the financial industry and merchants provide more and more services online, phishing emerges as a problem that requires more education and communication with consumers.
Objective BayPay's primary goal is to provide a face-to-face professional networking forum for the regular exchange of views on these issues among active professionals within the payments industry who are located in the San Francisco Bay Area. An online BayPay group on Yahoo! provides opportunities for members to interact among themselves between regular face-to-face meetings.
BayPay Is a joint initiative of Glenbrook, Edgar Dunn & Company and Daniel Chatelain from QSecure, Inc. that is open to other companies or individuals contributions.
Membership To ensure an appropriate level of professional participation, membership in BayPay group is by invitation only. BayPay members invite others to join based upon their own judgment as to who could best contribute to the group. To subscribe please go here.
Code of Conduct All information shared by BayPay members is considered their own personal opinion and does not represent the official position of any company. All member comments are not for attribution in any form whatsoever outside of the BayPay membership. While we would like any information exchanged in this forum or in our events remain private, members must understand that this is a semi-public group and there can be no assurance of confidentiality.