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Social Payments: What They Are and Why They Matter to Bankers

Tuesday, March 13
2:15 PM - 3:15 PM

Allen Weinberg, Payments Consultant, Glenbrook Partners
Charise Flynn, COO, Dwolla
Moderator: George Warfel, Consulting Director, Global Payment Solutions, Fiserv

Social payments aren’t just pitching in for your share of the pizza. Social networks and collaborative media provide fertile ground for payment innovation from virtual currencies to grassroots fundraising. Facebook is the third largest country in the world with 800 million citizens, and now they have their own currency! Learn about Facebook Credits, the emerging forces of social eCommerce, and the power of personal connection driving financial transactions through new forms of social payments. Hear how two innovative new payments systems, Dwolla and Kaching leverage the community model that underlies social media to deliver a better payment experience for people.  

  • A framework for understanding social payments
  • Understanding the enabling market forces and technologies
  • How new payment systems are leveraging the community model