Steven Paese
Steven Paese
Consultant, MasterCard Advisors
Steven Paese is a Consultant for MasterCard Advisors. As a generalist consultant, he has executed payment engagements across multiple disciplines to external clients and internal senior management. He specializes in the emerging payments space including e-commerce, mobile, EMV and fraud. Mr. Paese is based in Purchase, N.Y. and can be reached at steven_paese@mastercard.com.
It’s that time of the year, when everyone is making predictions. I’ve been reading many such predictions over the last few days; but in the payments industry the most broad-based predictions have stronger implications for our future business than they do considered on their own. Read about them here: Five Technology Trends for 2013.
Well in advance of the acceptance side, mobile devices are already and/or planned to be deployed with NFC capabilities. This is mainly due to NFC’s attractiveness impacting many different industries. In regards to payments, NFC enhances value-added services like loyalty and coupons; as for other aspects of online connectivity, the possibilities with NFC are endless.
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The idea of using biometrics for payments is nothing new – in fact, it has been around for years. However, with recent developments in the US and abroad, the use of biometrics has become a niche reality and could take payments by storm. In July of 2012, South African Social Security Agency “SASSA”, Net1 UEPS
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