April 02, 2015 — The Electronic Transactions Association (ETA), the global trade association representing the payments technology world, today wrapped TRANSACT 15, the most important annual gathering of payments technology professionals, at the Moscone Center in San Francisco, California. This year marked the industry’s largest trade show, welcoming a record number of exhibitors across 45,000 square feet of expo floor space and hosting over 4,000 attendees. The experts and panelists featured at the gathering highlighted the latest trends, developments and innovations in payments technology. Noted industry keynotes included Ryan McInerney, President of Visa, Jingming Li, President and Chief Architect of Ant Financial America, Frank Bisignano, Chairman and CEO of First Data, Doug Davis, Senior Vice President and General Manager of The Internet of Things at Intel and Will Graylin, Global Co-General Manager of Samsung Pay and of CEO of LoopPay.
Key conference highlights included:
- Unlimited industry connectivity with 4000+ payments leaders representing more than 20 countries on 45,000 sq. ft. of TRANSACT 15 Expo Floor.
- Unparalleled educational opportunities including the EMV Bootcamp, Retail Solutions 2.0, Tech Launch, ETA-University and 6 conference tracks featuring speakers from the world’s top payments and technology companies.
- Intel and Ingenico Group Announce New Partnership to Bring Payments to the Internet of Things
Doug Davis, SVP and GM of the Internet of Things (IoT) Group at the Intel Corporation, brought Philippe Lazare, CEO of the Ingenico Group, to the TRANSACT 15 keynote stage to announce their new collaboration to combine Intel technology and Ingenico Group secure payment acceptance for the Internet of Things. The companies will jointly develop a mobile tablet that supports EMV1 and NFC payment functionalities.
- The Payments Pitch-off Competition and E-Pay Innovation Award
A $25,000-award for the winner of TRANSACT’s first Payments Pitch-Off, generously sponsored by Intuit. This year’s winner, eThor, connects customers directly with merchant Point of Sale systems through Facebook, web and mobile channels.
- ETA and the Strawhecker Group released their quarterly Economic Indicators Report
The report forecasts strong growth for the payments industry. Among key findings, payments are playing a pivotal role in the U.S. economy’s strong economic growth. The key economic indicators, consumer confidence, GDP, and unemployment have all seen positive performance in 2014 and the first quarter of 2015. Some 70% of GDP is driven by consumer spending and 70% of consumer spending is electronic.
- ETA and Goldman Sachs Global Investment Research released their annual ETA-GS Merchant Acquirer and ISO Survey.
Among key findings, the survey revealed that among merchant acquirers, there has been a significant uptick in Bitcoin adoption; small ISOs are gaining back market share; and merchant acquirers have a positive outlook on the future of electronic payments, with more than 60 percent expecting volume growth to accelerate.
- ETA and Strategy&, a global strategy consulting firm, release payments study data at TRANSACT 15.
Study findings include that on-line shopping is near ubiquitous, at 90% of surveyed consumers, with 40% utilizing mobile devices to shop. The report found that consumers who shop through mobile devices are looking for a broader set of shopping tools including alerts, personalized deals, price comparisons, and pay-as-you-go checkout. Merchants desire value-added services from ETA members including analytics and insights on payments data and benchmarking services, and are additionally looking to ETA members to address pain points around stored payments credentials, a function described as vital by merchants surveyed. Read the full Strategy& survey here: http://www.electran.org/wp-content/uploads/ETA_survey_vff.pdf.
ETA owns and produces the most important payments industry events of the year. ETA’s Strategic Leadership Forum takes place October 13 – 15 at JW Marriott Scottsdale and TRANSACT will be back at Mandalay Bay April 19-21.