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00:00DOING TO BETTER CONNECT MOBILE CONSUMERS. HERE WAS HIS ANSWER. QUITE WHAT WE ARE FOCUSED ON -- RYAN: WHAT WE ARE FOCUSED ON IS CONNECTIVITY. WHETHER IT IS A WATCH OR A CAR, INCREASINGLY, CARS ARE CONNECTED. THE CARS WE ARE DRIVING ARE CONNECTED DIGITALLY TO THE INTERNET AND WE ARE LOOKING FOR A NUMBER OF PLAYERS TO FIND OPPORTUNITY TO MAKE IT EASY FOR ME TO SHOP IN A SECURE WAY. THERE IS NO AWKWARD EXCHANGE OF CASH TO THE PIZZA DELIVERY GUY. HIS WIFE AND GET YOUR STUFF AND DRIVE AWAY FOR -- YOU SWIPE AND GET YOUR STUFF AND HE DRIVES AWAY. THE SAMSUNG PAY ALONG WITH THE NEW GALAXY S SIX, AND GOOGLE HAS BEEN TALKING ABOUT THE THING CALLED ANDROID PAY, AND OF COURSE, WE HAVE APPLE PAY. WHERE DOES LISA PLAY INTO THIS WORLD? RYAN: ABOUT IT YOU AGO WE LAUNCHED A NEW PLATFORM, A THAT -- A PLATFORM CALLED THESE THE DIGITAL SOLUTIONS THAT MAKE EASY FOR ALL OF OUR PARTNERS TO LAUNCH AND BUILD NEW PAYMENT SERVICES ON MOBILE DEVICES. THE STANDARD REMAINS THE SAME. THOSE TWO THINGS TOGETHER, SIMPLE AND EASY, ON A PAYMENT DEVICE IS WHAT CONSUMERS ARE LOOKING FOR. QUITE -- >> DOESN'T THIS ULTIMATELY DISTANCE OR MEDIATE THE CLASSIC CRITIC ARE COMPANIES? RYAN: THEY ARE GOOD AT WHAT THEY DO WITH THEIR PLATFORM. WHAT THEY HAVE COME TO VISA FOR IS AS A PAYMENT PARTNER, BEING GOOD AT WHAT WE DO. THEY WANT TO LEVERAGE OUR PAYMENT SYSTEM AND THE STANDARD AND PLATFORMS WE'VE BUILT. >> GOOGLED TALKED ABOUT SOMETHING CALLED ANDROID PAY. WE DON'T HAVE A LOT OF INFORMATION ABOUT WHAT IT IS. THEY TALKED ABOUT VARIOUS PLATFORM ACRES BEING ABLE TO ACCEPT PAYMENT. WHAT IS YOUR UNDERSTANDING OF ANDROID BEING AN ACCELERATOR IN THIS MOBILE PAY BUSINESS? RYAN: I CANNOT TALK ABOUT ANDROID PAY. AS YOU KNOW, THEY JUST ANNOUNCED THAT YESTERDAY. BUT IF YOU LOOK AT ALL OF OUR CLIENTS AND HOW THEY HAVE LUNCH THERE A PAYMENT, THEY HAVE THE SAME THINGS IN COMMON. THEY ARE FOCUSED ON CERTAIN STANDARDS SO THAT THEY ARE INHERENTLY SAFE. >> WE ARE NOW COBBLED OF MONTHS INTO THE DISTANCE OF APPLE PAY. ARE YOU SURPRISED BY THE -- A COUPLE OF MONTHS INTO THE USE OF APPLE PAY. ARE YOU SURPRISED BY THE VELOCITY THEY'VE HAD? RYAN: WHAT APPLE WILL REPRESENT IS A TIPPING POINT. TIPPING POINT WILL BE 12-18 MONTH FROM NOW THAT BECAUSE EVERYONE WILL BE USING APPLE PAY, BUT BECAUSE IT WAS THE FIRST REAL EXAMPLE WHERE YOU AND I AND EVERYONE ELSE CAN THE REAL POWER OF GLOBAL PAYMENTS, ESPECIALLY WHEN IT -- GLOBAL PAYMENTS, ESPECIALLY WHEN IT IS SAFE AND SECURE. >> HOW MUCH OF THE HARDWARE AND SOFTWARE THAT APPLE HAS DO YOU THINK IS CONTRACTING TO ITS FEASIBILITY? AND 10 OTHER ANDROID DEVELOPERS HAVE AS MUCH SUCCESS? -- AND CAN OTHER ANDROID DEVELOPERS HAVE AS MUCH SUCCESS? RYAN: I THINK SOME OF IT WILL BE DRIVEN BY ISSUERS THAT HAVE THEIR OWN PAYMENT EXPERIENCES AND SOME OF THE WILL BE DRIVEN BY PLATFORM PROVIDERS. AT THE END OF THE DAY, WHAT IS MOST IMPORTANT IS WHAT CONSUMERS CHOOSE TO USE, WHAT IS EASY FOR THEM AND WHAT MAKES THEM FEEL SAFE, ESPECIALLY LEVERAGING VISA PRODUCTS. HERE ON THE SHOWROOM FLOOR, EVERYONE IS SURROUNDED BY THE INTERNET OF THINGS, SMART WATCHES AND SO FORTH. WHAT ROLE TO YOU THINK THESE CONNECTED DEVICES WILL PLAY IN THE MOBILE FUTURE? DOES THE WATCH AUTHENTICATE THE INDIVIDUAL? THAT WILL BE THE PLACE WHERE YOU CAN SWIPE AT A CHECKOUT COUNTER OR A GROCERY STORE? RYAN: ALL OF THESE DEVICES HAVE -- PLAY A ROLE. THEY WANT INTUITIVE, EASY WAYS TO SHOP, WHETHER ON A MOBILE DEVICE OR ANY PHYSICAL ENVIRONMENT USING A MOBILE DEVICE. AND AS MUCH AS YOU AND I ASKED CONSUMERS WANT TO DO, THAT IS WHERE VISA COMES IN TO MAKE A PLATFORM AVAILABLE FOR SIMPLE, SECURE, AND EASY PAYMENT. TO THE EXTENT THAT PEOPLE WANT TO SHOP AND HAVE EASY PAYMENT, WE ARE THERE TO HELP THEM DO THAT. >> AMERICAN EXPRESS HAD AN ICONIC CONNECTION WITH THE RETAILER COSTCO WILL STOP THE CELL RECENTLY CAME IN -- WITH THE RETAILER COSTCO. VISA RECENTLY CAME IN AND ONE THAT -- WON THAT PARTNERSHIP. RYAN: WE ARE PROUD TO BE THEIR PARTNER AND LOOKING FORWARD TO A LONG ROAD AHEAD OF DELIVERING

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