Beyond the Cashless Society – a New Era for Exchange of Capital



  • A Passport Program Event

    Pre-registration is now unavailable.
    Please register at the door.


    Presentation Overview

    Witness the dawn of a new era for exchange of capital: Leave your wallet at home and use your cell phone to pay at retail shops in Denmark. As you rush to catch your train in Hong Kong, flash your contactless card at the terminal to pay your fare. Forget the clutter of coins and pay for parking using your mobile phone in Australia, UK, Ireland, and Japan. Buy just what you want, and pay sub-$1 for content over the Internet.

    These are just a few examples of what you can do today already, with new payments systems launched over the globe in recent years. The trend will only accelerate – according to Gartner, "By 2005, the transaction value of mobile payments in the United States, Western Europe and Japan will reach $7 billion, $15 billion and $12 billion, respectively."

    The July Passport event features a panel of leading companies and entrepreneurs carrying us into the next wave of payments future. Come to the event and hear the panel explore the wide ranging trends and technologies of the payments future, from epayments to micropayments to mobile payments, from smart chips embedded in mobile phones to contactless cards, and from Bluetooth to RFID to SMS.


    Sponsored by:


    Bruce Cundiff (bio) - Analyst, Jupiter Research


    6:00–6:50pm Registration, Networking & Appetizers

    6:50 pm - 7:35 pm Panel discussion - Online and Micro-Payments

    Kurt Huang (bio)- Co-Founder, President and Chief Product Officer of BitPass

    Dave McClure (bio) - Director, PayPal Developer Network / Merchant Services Business Unit, PayPal

    Margaret Reid (bio) - Vice-President, Emerging Consumer Environments, Visa International

    Roelof Botha (bio) - Director of Luxim Sequoia Capital

    7:35 pm - 7:50 pm Q&A

    7:55 pm - 8:40 pm Panel discussion - Smartcards and Mobile Payments

    Adam Clark (bio) - CEO, Mobile Commerce Limited

    Margaret Reid (bio) - Vice-President, Emerging Consumer Environments, Visa International

    James Walz (bio) - Chairman & CEO, MoreMagic Holdings Inc.

    John Wood (bio) - Founder, Vice Chairman and Director, Keycorp Limited

    8:40 pm - 8:55 pm Q&A

    Hosted by ANZACSPASiliconFrenchSilicon Vikings and SDForum.

    Speaker Bios


    Adam Clark - Mobile Commerce

    Adam Clark founded Mobile Commerce Limited in 2000. As CEO he has lead the company to successful implementation of a range of mobile payments and mobile commerce services with leading banks and mobile network operators in Australia and New Zealand. Adam is a on the executive of the NZ Wireless Data Forum ( and Chairman of the NZ Commercial Mobility Cluster. Prior to forming M-Com Adam was a senior consultant with smart card innovator Mondex International in the UK and earlier held several key technical and commercial roles with listed company the Advantage Group (now the Provenco Group) in Auckland and Wellington, New Zealand.


    Roelof Botha - Sequoia Capital

    Roelof Botha focuses on services and software investments. He is currently a Director of Luxim and is involved with Sequoia portfolio companies including Open-Silicon, Next Estate and Wideray. Prior to joining Sequoia Capital in 2003, Roelof served as the Chief Financial Officer of PayPal, an online payments company which eBay acquired in October 2002. Earlier, he worked as a management consultant for McKinsey & Company. Roelof is a certified actuary (Fellow of the Faculty of Actuaries), and has a B.S. in Actuarial Science, Economics, and Statistics from the University of Cape Town and an M.B.A. from the Stanford Graduate School of Business.


    Bruce Cundiff - Jupiter Research

    As an Analyst for Jupiter Research, Bruce Cundiff covers the trends and influences throughout the payments industry, with a particular focus on the security and identity issues associated with online transactions.

    Bruce comes to Jupiter Research with 7 years of experience in the payments industry, including tenure at Visa International and merchant processor NPC. Most recently, Bruce was with Trintech, a provider of payment hardware and software solutions to banks, telcos, merchants and payment processors. Prior to his time at Trintech, Bruce worked as a Business and Strategic Development Director with iPIN, a payments industry startup in the Bay Area.

    Bruce has a B.A. in History and Asian Studies from Tufts University, as well as an M.B.A. from the Kenan-Flagler Business School at the University of North Carolina.


    Kurt Huang - BitPass

    Kurt Huang is co-founder, president and chief product officer of BitPass. Huang is the architect of the company's micropayment technology. Prior to founding BitPass, Kurt was a doctoral candidate in Biomedical Informatics at Stanford University where he performed research in artificial intelligence. Kurt holds an AB in computer science from Harvard College and an MD from Stanford.


    Dave McClure - PayPal

    Dave was hired by in 2001 to start and run PayPal's developer network and education program, which now claims more than 250,000 members. In his current role, Dave is responsible for educating and evangelizing the PayPal platform to merchants and developers building e-commerce websites and software solutions. Prior to joining PayPal, Mr. McClure worked as an advisor to several technology and e-commerce startups. In 1998, Mr. McClure was appointed to the Microsoft Commerce Partner Advisory Board, one of only 50 such members worldwide. Previously, he was the founder of Aslan Computing, an Internet professional services company acquired by Panurgy Corporation in 1998. In 1997, Aslan won Microsoft's Solution Provider of the Year award for Northern California. McClure received a Bachelor of Engineering Science, Mathematical Sciences, with a concentration in computer science and applied mathematics, from Johns Hopkins University in 1988.


    Margaret Reid - Visa International

    Mrs. Reid leads a team that is responsible for consumer product development, focusing on new solutions that will enhance or extend Visa's payment platforms. Specifically, Margaret's team has played an integral part in the development of payment solutions using contactless technologies, such as infrared and Bluetooth, at the physical point-of-sale and new transactions that enable payments to be sent to a Visa account.


    Jim Walz - MoreMagic Holdings, Inc.

    Jim Walz, Chairman & CEO of MoreMagic Holdings INC. has a successful history of ramping up emerging technologies and scaling them into profitable enterprises. In the 70's Jim was a pioneer in rolling out word processing at GEC. In the 80's Jim built and operated early cellular systems for Bell South Cellular. During the early 90's Jim was a founder & Senior VP of Operations with Geotek - the first true wireless data start-up in the USA. In the mid 90's Jim started Iridium North America - the first global mobile wireless voice and data network. As CEO and President Jim ramped up the organization and brought on board half of the world's customers within the first year of operations. Jim has started MoreMagic Solutions to provide carrier class infrastructure to wireless service providers for enabling M Commerce.


    John Wood - Keycorp Limited

    John Wood founded Keycorp in 1984 and was Managing Director from 1989 to 1999. He was appointed to the role of Vice Chairman in 1999 and relocated to the United States. John became a non-executive director in November 2001. John is also Chairman of the MULTOS Consortium.


    About our Sponsor

    BitPass is an Internet payment company that addresses the growing demand for digital content (music, video, photo, news, patents, etc.) and the need for publishers to efficiently monetize their online offerings. In addition to providing the market-leading micropayment system – a system used by more than 500 sellers listing over 25 million digital goods and services – BitPass offers the Mperia music site. Featured in Minnesota Public Radio,,, the San Jose Mercury News, the Houston Chronicle and a host of other media, Mperia enables listeners to use community building tools to discover music from other fans with similar tastes. Users pay for their songs using BitPass’ micropayment system. Artists on Mperia vary from Marc Cary, who was awarded Billboard/BET’s “Best New Jazz Artist” honor in 2000, to hundreds of unsigned acts.


    Event Logistics


    Microsoft Main Campus

    1065 La Avenida, Bldg. 1

    Mountain View, CA



    $20 Passport Program Members

    $25 SDForum, ANZA, CSPA, Silicon French & Silicon Vikings members

    $35 Non-members

    ANZA, CSPA, Silicon French & Silicon Viking members who do not have a coupon code should call Bridget at 408-494-8378 to register.

    Pre-registration is now unavailable.
    Please register at the door.