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As near field communication (NFC) and wireless payment technology is introduced to more and more smartphones, analysts predict that the value of NFC transactions alone by 2014 will approach $50 billion, and will begin to slowly replace the humble credit card.
GPlus has created this nice infographic detailing mobile phone payment growth and the major players currently involved.
How mobile phones are becoming the new credit card
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Brains Byte Back interviews startups, entrepreneurs, and industry leaders that tap into how our brains work. We explore how knowledge & technology intersect to build a better, more sustainable future for humanity. If you’re interested in ideas that push the needle, and future-proofing yourself for the new information age, join us every Friday. Brains Byte Back guests include founders, CEOs, and other influential individuals making a big difference in society, with past guest speakers such as New York Times journalists, MIT Professors, and C-suite executives of Fortune 500 companies.
In this episode of Brains Byte Back, we explore a topic that touches all of us at some point in life: inheritance and the difficult process of managing a loved one’s finances after they pass away. Those who have experienced it would agree that time takes on a new meaning, whether it’s time spent with your loved one or time spent grieving.
Erick sits down with Saeid Kian, the CEO and co-founder of Ribbon, to discuss how his company is looking to give that time back to families by limiting the hours spent completing paperwork, visiting financial institutions, or making multiple calls.
Saeid’s journey to creating Ribbon is a personal one. The loss of his father introduced him to an outdated process he encountered while dealing with money matters following his passing. We’ll hear how his frustration led to a solution that’s not only changing how families navigate the financial obligations of a loved one but also how his time is providing significant value to credit unions by creating a modernized process that’s prepared, efficient and empathic.
It’s a valuable conversation on how technology can make one of life’s hardest moments a little easier.
Find out more about Saeid Kian here (Linkedin) –
https://www.linkedin.com/in/saeidkian/
Find out more about Ribbon (website) –
https://www.trustribbon.com/
Brains Byte Back:
Reach out to today’s host, Erick Espinosa (Linkedin) –
linkedin.com/in/erick-espinosa
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