Authentication & Security

11 Quotes in Payments, Fintech and Money to Remember

MEDICIFounder and Chief Strategy & Innovation Officer

"There are 60 million consumers in this country that are underbanked. They wait in lines to cash checks and to pay bills, it's highly inconvenient. A product like prepaid cards saves them a lot of time and inconvenience."

- Wesley Wright, senior vice president of global payments options for american express, and head of the company's Bluebird prepaid program in partnership with Walmart, on the opportunity for prepaid cards today.

"When the history of mobile payments is written, it is worth recognizing the efforts of a small team at Visa, working against a near-impossible deadline with an incredibly challenging set of requirements. In years to come, as our children pay with the latest computing device without a second thought, it is likely this group will have played an important part."

- Rajat Taneja, Executive Vice President, Technology, Visa Inc. ​​referring to Apple Pay, Visa's work on EMVco, ​tokenization that made it happen.

"Would you like to see it one more time. You may have blinked and missed it"

- Tim Cook while launching Apple Pay

"Near Field Communication (NFC) will open the floodgates for profound changes in the way we use our mobile devices. While today there's a good deal of trial, error and confusion around mobile technology including apps, QR codes, image recognition, etc., NFC will soon dominate the way consumers secure coupons and deliver payments, our phones will become our wallets."

- Anthony Lacovone, Augme. Mr. Iacovone is a leading voice in the area of mobile integration for large traditional media organizations.

"Merchants are still in 1st baby steps with Mobile and Mobile Data"

- Kristina Yee, Analyst, Gigaom Research

"Within five years, half of today’s smartphone users will be using their phones and mobile wallets as their preferred method for payments."

- Peter Olynick said in 2012. He is a Card & Payments Practice leader for management and tech consulting firm Carlisle & Gallagher.

“The meta issue of financial inclusion is a lack of understanding of the underserved market.”

- Danny Shader, CEO, PayNearMe said​ at The Money Event​.

“Whilst usability is key for payments, security is a necessary condition for people to use them. Balancing Usability and security is one of the keys to healthy relationship between OEMs and end users. I think we’ve seen HCE take off in a big way in the last few months. I think it’s positive. We got all the tech moving in the right direction.”

- Peng Ning, VP Engineering, Samsung said​ at The Money Event.

“The typical payday loan costs $300 – $400. A reimagining of the financial system can fundamentally change the system. What we try to think about is how we could reimagine the financial services and how to create a new wave of consumer banking, looking at the adoption and penetration of mobile in U.S.”

- Dan Schulman, Group President, Enterprise Growth, american express said​ at The Money Event​

“MIT bookstores are now accepting Bitcoins. Micro merchants can go cashless via crypto currency.”

- Jordan McKee, Senior Analyst, Mobile Payments, Yankee Group.

"We want our money safer than our selfies"

- PayPal

Amit Goel

MEDICIFounder and Chief Strategy & Innovation Officer

“Amit Goel is the Founder & Chief Strategy & Innovation Officer for MEDICI. Amit’s vision is to build a strong FinTech market network that involves financial institutions, banks, startups, investors, analysts & other key stakeholders across the ecosystem – helping each one of them in a meaningful way by removing the asymmetry of information and providing a platform to engage & transact.\ \ Amit is passionate about bringing actionable FinTech-focused insights, innovative products & services for the FinTech ecosystem. Some of his work involves startup scores, bank scores/assessments, predictive viewpoints & other innovations that have helped MEDICI’s customers and the ecosystem. He has been named amongst the Top 100 FinTech thought leaders/influencers in the world & Top 10 in Asia multiple times by reputed agencies, consulting firms as well as financial institutions. Amit has built MEDICI (formerly LTP) as a new-age, tech-enabled advisory/research firm, which is now considered the #1 global research & innovation platform for FinTech in the world.\ \ Amit has been writing pioneering viewpoints on financial technology space that have been ahead of the curve since 2010. His data-driven predictions have helped the customers as well as the ecosystem. His past work experience includes a strong background in strategy & market analysis and advisory to clients (from big business houses to Fortune 500 firms) in payments, commerce, financial services & IT/technology. In the past, Amit had also founded a successful consulting & research practice called GrowthPraxis and has worked at Boston Analytics, Frost & Sullivan, and Daimler Chrysler in strategy & research.”