On March 14, 2013, Davis Wright Tremaine partner Andy Lorentz teamed up with BetterBuyDesign's Steve Mott to present the X's and O's of Mobile Payments at DWT's Game Time at Restaurant High 2013, an invitation-only event for high-level restaurant executives to learn about key developments in the industry and look toward what the future holds. The theme of this year's conference was enabling restaurateurs to ”do better profitably” by providing restaurant leaders information, tools, and strategies to increase efficiencies, boost revenues, and improve the bottom line, and by galvanizing the best and brightest industry leaders to promote meaningful change through legislation and other means to enable great restaurateurs to prosper and flourish.
The mobile transformation in payments and retailing is happening now to the hospitality industry. Andy and Steve presented an overview of developments in the mobile payments space to date, including a look at the technology, key players, and how mobile payments solutions are embedded in the general payments ecosystem of banks and networks. They also highlighted potential procurement and legal issues and the need for keen attention to data privacy and security, and took a look at how evolving mobile payments technologies may be able to help business lure in new customers.
To view the presentation in its entirety, click here.