Expert to Speak About the Potential of Wearable Wallet Technology at Payments Summit in Orlando Tomorrow

Erdal Yazmaci, the Co-Founder and General Manager of Digital Payments for Cardtek, a leading payment technologies provider, will be speaking tomorrow at the 10th annual Payments Summit in Orlando. Mr. Yazmaci will speak at 10:45 am (March 30th) and will discuss how contactless fare payment technology is being used to modernize payment processes for the transit and ticketing industries. The Payments Summit is being held at the Renaissance Orlando at SeaWorld.

“There are a number of industries that are currently transitioning to more modern payment systems that leverage the use of NFC-enabled wearable wallets,” Yazmaci said. “The transit industry, in particular, is an excellent example of how NFC-enabled wearables can be used to build ‘open-loop’ payments systems that not only speed transaction times, but also enhance consumer convenience and security.”

Mr. Yazmaci co-founded Cardtek in 2001 and has overseen a number digital payment and EMV projects in Europe, North America, and the Middle East. He is an expert on EMV, NFC and digital payments and has provided over 40 subject-related trainings globally.

“People also need to understand that wearable wallets aren’t without their own challenges and limitations as well,” Yazmaci said. “I’ll be spotlighting these for Summit attendees as well, helping them steer clear of any potential pitfalls.”

The Payments Summit is a premier industry event, covering all things payments - including FinTech, EMV chip technology, mobile wallets, NFC, contactless, open transit systems, wearables and more. The conference is produced by the Smart Card Alliance and is expected to host approximately 1,000 attendees and 90 exhibiting companies.