MasterCard Moving Mobile Payments Beyond Smartphones

The video discusses the evolution of payment technology, emphasizing the shift towards connected devices and the role of MasterCard in enabling commerce through various devices. It explores biometric security measures like EKG for payment security and predicts the future of mobile payments, including wearables and connected homes. The importance of consumer control in financial transactions is highlighted, along with the challenges of consumer and merchant adoption. The video concludes with a discussion on Apple Pay's decision to integrate with existing payment infrastructures.

What is MasterCard's vision for the future of commerce devices?

• Only smartphones will be used for commerce.

• Commerce will be restricted to online platforms.

• Commerce will be limited to physical stores.

• Every device will be a commerce device.

Which biometric technology is mentioned as being used for payment security?

• EKG

• Voice recognition

• All of the above

• Fingerprint scanning

How does the future of mobile payments extend beyond smartphones?

• Payments will be restricted to tablets.

• Payments will only be possible through PCs.

• Payments will include wearables and connected devices.

• Payments will be limited to smartphones.

What is the importance of consumer control in payment systems?

• Consumers should have no control over their finances.

• Consumers should be able to choose how they pay.

• Consumers should rely solely on merchant decisions.

• Consumers should only use cash.

What is a key factor for consumer adoption of new payment technologies?

• Increasing transaction fees

• Limiting payment options

• Providing fundamentally better shopping experiences

• Recreating old shopping experiences

What is the role of established infrastructures like Apple Pay?

• To create a new network

• To work with existing systems for better integration

• To replace all existing payment methods

• To limit consumer choices

What is a significant challenge in adopting new payment technologies?

• Lack of consumer interest

• Building solutions that are better than existing ones

• High transaction fees

• Limited merchant options