J.P. Morgan analyst Tien-tsin Huang was in attendance at Money20/20, and provided a summary of the event in a note to investors on Thursday, a copy of which was provided to
AppleInsider.
At the conference, attendees were abuzz about Apple Pay, the recently launched mobile payment service from Apple available on the iPhone 6 and iPhone 6 Plus. In particular, industry
insiders view how Apple partnered closely with existing banks and credit card providers as a model for others to follow. Payment industry insiders view Apple Pay as a true "disruptor" that could have
long-term ramifications for near-field communication-based payment terminals, and transactions in general.
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