M1 Summit | Street Fight

Conference Notebook: Mobile Commerce Without the Wallet

Steven Jacobs

Conference Notebook: Mobile Commerce Without the Wallet

During a conversation at the M1 Summit in New York Tuesday, American Express’s CEO Kenneth Chenault attributed the recent failure of some of the most-hyped mobile payments products to a lack of focus and an inability for these services to equal the established ease of the credit card. But he remained confident that a fundamental transformation in the payments industry was still underway…