After an evening of fun at the Haze Nightclub, Money2020 kicked it into high gear on Tuesday with a series of industry updates and major product announcements from PayPal, Citi, MasterCard, Square, American Express, Ericsson, Discover and Amazon.
While not being at Money2020 in person, I have compiled the highlights of the day from tweets posted during the day from my fintech friends as I did at the end of Day One.
Note: Each of these tweets are 'live' allowing you to access, re-tweet, favorite, etc. Thanks to everyone for the great digital conversation that makes the event a worldwide gathering.
Day 2 of #Money2020 ahead and they just pushed the keynotes to 20 minutes later. Maybe I can go lose $20 more? #20overload
— Norman Guadagno (@ThinkTone) October 8, 2013
Sign Up for Wed. Twitter Chat Breakfast at #Money2020@dgwbirch@cherian_abraham@techmktggirl@noyesclthttp://t.co/iyhW73z7Fn
— Jim Marous (@JimMarous) October 8, 2013
Partnerships are critical to success in technology innovation #money2020
— Matt Wilcox (@mattwilcoxpro) October 8, 2013
"More iPhones sold than babies born" via @PayPal - I love mobile but that's frightening #money2020
— Walt Cox (@waltrcox) October 8, 2013
The battle is joined at #Money2020...as #PayPal and #ISIS exchange blows during their keynotes (respectively). Game on!
— James Ray (@Rockhopper08) October 8, 2013
@paymentsnews: PayPal Introduces Payment Code for POS Purchasing http://t.co/dzZPKCadTw#money2020
— Erin McCune (@erinmccune) October 8, 2013
@PayPal omnichannel announcements: PayPal App (new), PayPal Beacon, & Payment Code (QR). Where does this leave FIs?#CreditUnions#Money2020
— Walter Cunningham (@cunningham95) October 8, 2013
Citi and Aetna to debut in January an app dubbed M2Health to make payments and billing easier says Gary Greenwald of @Citi#money2020
— ngenuity Journal (@ngenuityjournal) October 8, 2013
#money2020 props to Citi for best acronym so far NFC = needlessly fucking complicated
— Dave Birch (@dgwbirch) October 8, 2013
So Citi 'leaps' into NFC and PayPal launches QR codes. Is this #money2020 or is this #money2005? Where's the innovation?
— Bradley Leimer (@leimer) October 8, 2013
85% of global payments and 50% of US payments are still cash and check according to MasterCard research. #Money2020
— Jason A. Cobb (@jasonacobb) October 8, 2013
Consumers don't want to pay in a different way that's slightly more complex, but want to see a benefit- Ed McLaughlin @MasterCard#money2020
— ngenuity Journal (@ngenuityjournal) October 8, 2013
#money2020 we're all edging towards the Something Present (SP) model, if you ask me
— Dave Birch (@dgwbirch) October 8, 2013
MasterCard discussing working with Visa/Amex on defining payment standards. Tokenization, form factors, consistent UI #money2020#money2020
— Walt Cox (@waltrcox) October 8, 2013
Next Level of Instant Gratification Combination of physical and digital #payment worlds http://t.co/ZiAt5qxKYI#money2020
— Jim Marous (@JimMarous) October 8, 2013
@square merchants sign up in 3 minutes. In four years, 4.5M customers, doubling every 9 months. #money2020
— ngenuity Journal (@ngenuityjournal) October 8, 2013
#AmEx Serve® Introduces New Money Management Capabilities and a Free Cash Load Network http://t.co/IJ063wvhRL#Money2020
— Jim Marous (@JimMarous) October 8, 2013
1 Million $AXP Bluebird customers, $1B+ in balances 39% funded via direct deposit 87% enrollees new to AMEX 47% consumers <35 #money2020
— Mike Crawford (@mccrawf7) October 8, 2013
Reserve (@americanexpress Serve) actually encourages/facilitates positive financial behavior - teach a person to fish-well done! #money2020
— Raph J. (@dninjaraph) October 8, 2013
We're entering into era of the nonbank, consumers have all the power in palm of their hand, says Dan Shulman of @AmericanExpress#money2020
— ngenuity Journal (@ngenuityjournal) October 8, 2013
By 2020, we will have 50 billion connected devices, all with purchasing power. @ericsson exec at #money2020@retailmag@bsminfo
— Jim Roddy (@Jim_Roddy) October 8, 2013
Great Discover presentation new focus on Network NOT just PayPal white label rails for rent. #money2020
— Thomas Noyes (@noyesclt) October 8, 2013
Amazon has 215 million active users, including payment and shipping info and is world's most trusted brand. #money2020
— Bank Innovation (@BankInnovation) October 8, 2013
Announced @money2020: Tom Taylor, @amazon launches "Login & Pay" for #online#payments! #money2020#paypal#challengehttp://t.co/HRDRiBbOHp
— SpecOpsComm (@SpecOpsComm) October 8, 2013
Different models, but Amazon has 2 mil sellers doing $24 bil (2012) Square has 4.5 mil doing $15 bil (2013) #money2020
— Jim Bruene (@netbanker) October 8, 2013
#money2020@amazonpayments doing what everyone fears/hopes/envisions/wonders what @apple would do in the #payments space ... still waiting
— chris fleischer (@ccfleischer) October 8, 2013
Amazon captures 10%of GoGo Air's payment volume in 2 months. Wow!! Fantastic adoption and consumer experience. #money2020@amazonpayments
— Thomas Noyes (@noyesclt) October 8, 2013
all the announcements coming out of #Money2020 further convince me that payments are the new 5th P of marketing http://t.co/3msJx9JyNv
— rshevlin (@rshevlin) October 8, 2013