We're so excited to tell you that we've added Larry Summers, Former Treasury Secretary, Square Board Member, and Special Advisor to Andreessen Horowitz, to The Innovation Project 2013 lineup.
He and Hikmet Ersek, CEO of Western Union, and five CEOs are going to take you to a place in the payments ecosystem that is huge, untapped, largely ignored and ripe for innovation: Cash.
Yep. You heard it. Cash. The cold, hard stuff that has stuck around for 3,000 years but that people have been trying to kill ever since plastic cards with mag stripes hit the scene sixty-plus years ago. Like Cinderella and her ugly stepsisters, not a lot of people really want to take cash to today's payments innovation ball. But, as it turns out, there are a lot of Prince Charming's waiting in the wings to transform it since consumers and merchants the world over still really like it, in spite of how hard innovators are working to displace it.
Summers comes at all of this as a bit of a cash-skeptic. Ersek's business is built on moving lots of it somewhere in the world every second. Both agree that part of innovating cash involves making it work better with electronic payments. The two of them and 5 CEOs will tell you what they are doing to innovate the oldest and biggest payment network on the planet. They are Lars Bleko, CEO of Loomis, Aryln Davich, CEO of PayPerks, Jim DiBellow, CEO Mitek Systems, John Moore, COO of The San Francisco Federal Reserve, and Steve Rathgaber, CEO of Cardtronics.
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