Experts to share new insight on card payment industries

EXPERTS in the card and payment industry will share insight into latest developments in the sector at the 2015 CardExpo forum.

The event, which is scheduled to hold from June 23 to 25, in Lagos, will have as its theme “Innovation: The Future of Epayment”. It is aimed at focusing on the future payment vision, the assumption that underlines the vision and how innovation will drive the process.

The conference and exhibition will also focus on new users as well as the service delivery strategy that will deliver the future of payment system.

The event, which is being packaged by Intermac Consulting Limited in partnership with Central Bank of Nigeria and Nigerian Inter-Bank Settlement System,is expected to feature general interest required by general public and users of epayment services.

Speaking at a press briefing in Lagos, over the weekend, the General Manager, Intermac Company, Lilian Ekwedike said top card and epayment experts will be sharing inside strategies on positioning and enhancing card business to ensure spot in the rapidly evolving Card Ecosystem.

“Merchants, Issuers, Financial Institutions, and Solution Providers will hear first-hand, in insightful panel debates, a holistic idea exchange around the industry’s and most pressing issues on Cards, Mobile payment, MPOS, NFC, BVN, Square Me, ATM, EFT, eGovernment payments at federal and state levels, Utility payments among others”, she stated.

According to her, CBN and NIBSS will be rewarding bank customers who frequently use their cards on POS. Merchants and sales persons who promote and encourage the use of card on POS will also be rewarded with various cash prizes under the CBN Electronic Payment Incentive Scheme (EPIS).

“Organisers have also put together Demo Sessions for pitches by young developers of brilliant “out of the box” payment technologies who will have the opportunity to present and demonstrate their innovative solutions during the conference. N250, 000 will be won by each of the best four epayment demo pitchers. Only solutions that has not been launched or in the market will qualify to be presented at the pitch, which is sponsored, by Diamond Bank and MasterCard, she said.

She explained that the ‘Double A Payment Innovation Prize’ provides catalytic funding for projects in their early stages of development; whether a pilot project, a new organization, or a nascent initiative, work supported by the fund must involve a certain level of measured risk that ultimately lead to large-scale, transformative results.
The burgeoning field of payment innovation has become a recognized area in philanthropy.