caroline willard wallets and security round table

11
SEIZE THE NOW

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Page 1: Caroline willard wallets and security round table

SEIZE THE NOW

Page 2: Caroline willard wallets and security round table

WALLETS AND SECURITY ROUNDTABLE

Page 3: Caroline willard wallets and security round table

EVP, MARKETS & STRATEGY,

CO-OP FINANCIAL SERVICES

WILLARDCAROLINE

Page 4: Caroline willard wallets and security round table

INSECURITY

2% 91%

36%

think mobilewallets are safe in store.

think they’ve

surrendered their

right to privacy.

are reluctant

to try a mobile

wallet because

of security.

“fatigue

denial”.

Consumers feel

and

Page 5: Caroline willard wallets and security round table

USAGEUp 100% for young adults.

TRANSFERSHALF of young adults did a P2P transfer in 2014.

201431% of young adults and 28% of mobile banking users switched financial institutions over the past two years, compared to 20% in 2013.

NOWYoung adults and mobile banking users are now nearly TWICE as likely as the average U.S. consumer (16%) to have switched.

MOBILE IS A MOTIVATOR

P2P IN 2014SWITCHINGINSTITUTIONS

Page 6: Caroline willard wallets and security round table

MINDING THE GAPPROVIDING NEEDED SECURITY

Page 7: Caroline willard wallets and security round table

HOW DO WE MOVE FORWARD?

Page 8: Caroline willard wallets and security round table

WALLETS

Page 9: Caroline willard wallets and security round table

WHAT ABOUT SECURITY?

TOKENIZATION EMV

HOST CARD EMULATION CONTROLS & ALERTS

Page 10: Caroline willard wallets and security round table

SEIZING THE NOW

Page 11: Caroline willard wallets and security round table

Director of Product Development, CO-OP Financial Services

MICHELLE THORNTON

Founder, Ondot Systems

RACHNA AHLAWAT

CEO dnd Cofounder, Finivation

BRIAN BODELL

MOBILE WALLETS

EXPERTS