At the Transact 2014 payments conference in Las Vegas last week, Motley Fool financial analysts Matt Koppenheffer and Patrick Morris got a chance to dive into the future of the payments business, which is on the verge of a fundamental shift.
In this segment from Where the Money Is, Matt breaks down some of the big ideas across this space that are changing the industry today. One of the biggest drivers of this innovation is bringing more to the merchant. More information about the customer each time he swipes his card, more ways to interact, more ways to get to know that person, and what their needs are. And the way these companies are approaching this problem could drive an enormous shift in the way we pay for everything. Patrick and Matt dive into the issue and reveal how the inter-workings of the payments world really functions.
Your credit card may soon be completely worthless
The plastic in your wallet is about to go the way of the typewriter, the VCR, and the 8-track tape player. When it does, a handful of investors could stand to get very rich. You can join them -- but you must act now. An eye-opening new presentation reveals the full story on why your credit card is about to be worthless -- and highlights one little-known company sitting at the epicenter of an earth-shaking movement that could hand early investors the kind of profits we haven't seen since the dot-com days. Click here to watch this stunning video.