Last week GiftCard Partners’ senior management attended the 2013 Innovation Project at Harvard University, an annual summit that focuses on payment innovation from all angles. Payments experts spoke, including government leaders like Rosie Rios, Treasurer of the United States, and Raj Date, CEO of the Consumer Financial Protection Bureau, as did payments industry leaders such as Steve Levitt author of Freakonomics, and Don Kingsborough, CEO of Pay Pal.
Throughout all of the learning and exchange of information on payment innovation the GCP team was most focused on how these payment innovations will affect the gift card industry. As payments transition and consumers become more accustomed to using electronic forms of payment, gift cards and employee incentives of all kinds will likely follow suit. As these global payment innovations and infrastructures are built to replace cash, will consumers be able to transfer gift cards the same way? Will employers be able to build incentive and rewards programs around these payment innovations? Will your organization be ready for these changes? Let us know by leaving us a comment.
summit website.
