FinancialPost.com just posted an interview with eBay’s Scott Thompson, who believes that in the very near future, all financial transactions will be “smart transactions”.
This has far-reaching implications for social marketers as we develop integrated new media marketing strategies and campaigns. Considering the ubiquity of PayPal, marketers would be wise to partner with developers who are part of the PayPalX Developer Network.
“Imagine being able to load up a shopping cart full of groceries at a supermarket then simply bypassing the cash register and walking right out the door. Instead of taking out your wallet to pay for the groceries, microchips embedded in the packaging of the food tells sensors at the door how much food you’re taking. The total cost of the food is then automatically deducted from your bank account, which is connected to the smartphone or mobile device you’re carrying.
PayPal sees these kind of smart transactions as the future of payments. The company wants to be the “world’s favourite way to pay and be paid,” Mr. Thompson said.”
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