How Will We Pay for Things in the Future?
Kwan Hong Lee
Thu Jan 14, 10am-06:30pm, E14-526
Wed Jan 27, 03-05:00pm, E14-526
No limit but advance sign up required (see contact below)
Signup by: 13-Jan-2010
Participants requested to attend all sessions (non-series)
The payment landscape has been rapidly changing in recent years with many potential disruptions on the horizon. Large financial institutions still dominate the landscape with little disintermediation, but are vulnerable. PayPal has become the standard in online transactions and payment services and now threatens to invade the physical world. Existing large institution infrastructures neither provide for rapid adaptation to these market changes nor rapid adaptation to customer requirements as they have all grown through mergers & acquisitions. And emerging technology is readily available to precipitate the paradigm shift. Introduce revolutionary disruption into payments system and make it fun (dreary old bankers); and win prizes! Come join us in reinventing a $5 trillion a year business model that is ripe for change!
Contact: Mutsumi Sullivan, E14-574L, x3-1908, msullivan@media.mit.edu
Sponsor: Media Arts & Sciences
Latest update: 22-Jan-2010
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