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Even when consumers are comfortable using new payment technologies, studies show they sometimes prefer paying cash.
And along with the new physical designs are new payment technologies that turn mobile devices into registers on the fly.
At the session on Tuesday, computer scientists talked about how new payment technologies could increase individual control over money.
The pitch goes something like this: Merchants, especially restaurant owners, often resist new payment technologies because they don't want to put up with the fuss of hiring a tech person to set things up or trouble-shoot.
But how quickly will merchants adopt new payment technologies?
Two serial entrepreneurs have launched Plastc, a competitor to the digital smart card Coin, as the market for new payment technologies gets increasingly crowded.
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Its replacement, Visa, the San Francisco-based payments giant, has enjoyed a buoyant stock price in recent years on the strength of new payment technology.
But Leo Rocco, the chief executive of GoPago, said this model would lower the barrier to entry by allowing businesses to embrace a new payment technology without having to pay the upfront cost.
Joining us this week is Edward McLaughlin, MasterCard's Chief Emerging Payments Officer, to break down how incumbent payment properties are both watching new payment technology, and, naturally, leveraging it to their own advantage.
Even as a clutch of new payment technology companies including Zooz Mobile and Plastiq announce new financing rounds today, it seems like investors are no longer paying out for payment companies.
New payment technology is poised to change that, bringing long overdue efficiencies in speed and security to a legacy industry.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com