In this segment of Where the Money Is, Motley Fool financial analysts Matt Koppenheffer and Patrick Morris discuss their opportunity to sit down with the head of the Electronic Transactions Association, Jason Oxman, while attending the Transact 2014 payments conference last week in Las Vegas. With so many companies now working hard to innovate in the payments space, consumers can be left feeling somewhat frustrated that there is no widely adopted universal standard. Matt discusses how he once viewed this as an obstacle, but that a big takeaway of his from his chat with Jason was that this is much more of an opportunity than an obstacle: having so many innovators working on a solution means the wide adoption of game-changing payments technology could be just around the corner.
Here's why heated competition in the mobile payments space could be driving something enormous.
About the Author
Matt is the head of the Coverage Team for The Motely Fool's premium products. Previously, he's been . Matt is a heavy user of AI tools and is working on harnessing them to help Fool members. Previously, Matt was GM of Motley Fool Ascent, led The Motley Fool Deutschland, has been an investor on various Fool services, and co-hosted the podcast "Where the Money Is". He also co-authored the book The Astonishing Collapse of MF Global. Matt started his career in San Francisco as a technology-focused investment banker and also worked at a $15 billion private equity company. When he's thinking about how to make Fools smarter, happier, and richer, you can usually find Matt running trails or making a mess in the kitchen. He's a graduate of the University of Pennsylvania, but is a lifelong fan of Penn State football.
