Ron Black on the importance of tokenization for mobile payments | RMBS Message Board Posts

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Msg  766351 of 766635  at  4/21/2017 11:41:09 AM  by

twobytebus


Ron Black on the importance of tokenization for mobile payments

This was from the Q4 2016 conference call:

 <<Ron Black
 

Payments and ticketing, yes. So, it goes back to what I've said a couple times on the call. If you think about any merchant and it doesn't have to be a transit, a ticket, it could be a retail store. It could be a gas pump store. It could be a DIY store. There's lots of things out there in the smart card world that customers have. They have loyalty cards and they have gift cards and all sorts of different units of value. And there's new currencies that are out there like bit coin or new peer to peer initiatives that are developing. And we have a deep understanding of the enterprise class software that goes to banks and to merchants and we have – it's really built around tokenization.

And what we've done is through the work that Rambus has done especially Jerome Nadel, our CMO, we've complemented these enterprise software businesses with real value that they can take to their customers with these apps. And so we're trying to – the next milestone is Mobile World Congress where we're going to talk a little bit more about what we're delivering more broadly to the merchants. And then it's just some pilots, which we already have pilots planned and underway with some customers, but we won't tell you about those right away, but it's later in the year. And most importantly, its revenue and profit, which we hope to have as early as the second half and obviously in 2018.>>



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Replies
Msg # Subject Author Recs Date Posted
766352 Re: Ron Black on the importance of tokenization for mobile payments twobytebus 7 4/21/2017 11:42:21 AM
766353 Re: Ron Black on the importance of tokenization for mobile payments Dollyabostonianclonesheep 0 4/21/2017 11:56:54 AM
766354 Re: Ron Black on the importance of tokenization for mobile payments mollyd2 0 4/21/2017 12:41:20 PM


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