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The Myth of 'Checking Accounts' and Other Early Lessons from the Floor at Payments 2013

Here at the Payments 2013 conference there is plenty of hype around real time payments, mobile payments and protecting it all.

It's clear that we've moved to a new era in payments. Is a checking account really a "checking" account? Clearly not! Moven's Brett King describes it as a utility. Such ‘utilities’ being able to handle a variety of channel interactions is quickly becoming the expectation. Gen Y has no expectation or experience, as pointed out by our keynote, of writing checks.

So flexibility, choice and control around the evolving payments environment is more relevant than ever.