MPD executives share new insights on Payments Innovation at The Brookings Institution Conference "The Future of Consumer Payments."

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Market Platform Dynamics (MPD) presented findings from their new whitepaper on “Innovation in Payments” in conjunction with their participation in The Brookings Institution conference “The Future of Consumer Payments” held at the Brookings Institution in Washington, D.C. on September 16, 2008. Conference speakers included Kenneth Chenault, Chairman and CEO of American Express; and David H. McCormick, Under Secretary for International Affairs, US Treasury.

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Authored by MPD founder, David S. Evans, and MPD Chairman, Richard Schmalensee, this new paper examines, in detail, three areas that will drive innovation in payments over the next decade: the use of data, the rise of cloud-based computing and the global ubiquity of mobile phones and how the "mash up" of these three areas will dramatically change the payments landscape. It also shares new insight into obstacles to innovation in the payments industry with clear analysis of recent successes and failures.

This paper is particularly timely given recent calls for imposing price regulation on the industry that could stymie innovation. The insights shared in the white paper will benefit payments industry executives, policy makers and legislators, large merchants and retailers and new entrants to the payments & technology ecosystem.

About Market Platform Dynamics (MPD):

MPD is a boutique management consulting firm that ignites catalyst businesses by leveraging new technologies, business models and pricing strategies. MPD has a wealth of experience within industries that are characterized by complex ecosystems, including payments, mobile/telecoms, digital and advertising-supported media, and software-based businesses. MPD works with both incumbents and new entrants, offering a unique lens into the dynamics that shape the competitive playing field. In addition to traditional consulting-based services, MPD's Catalyst Ventures provides intellectual and human capital to new firms. MPD's experts include economists, econometricians, product development specialists, and strategic marketers who apply cutting-edge business theory and statistical methods to the practical problems of building and growing a profitable catalyst business. MPD is headquartered in Cambridge, MA, and has offices in London, Shanghai and Hong Kong.

For more information visit http://www.marketplatforms.com. To request a copy of "Innovation in Payments," contact MPD at contactus@marketplatforms.com.

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Abigail Adams
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