How the Wallet Was Won: The End of Paper Receipts
Our wallets are one of the last remaining bastions of a pre-digital lifestyle, relics of an era of payment that has since come and gone.
Coupons are now Groupons, rewards cards are digitally stored on our smartphones and Square wants to power all our payments. With all these new ways to slim down and streamline our wallets, why are we still getting a paper receipt every time we check out at the grocery store? With so much progress, why are men still sporting the infamous Costanza bulge and women toting around pocketbooks that look like small filing cabinets? As more commerce shifts from offline to online, and even offline retailers are experimenting with digital marketing & transactions, the Costanza wallet is due for a makeover.
What are the brands and startups that are changing how we think about receipts? What will the implications of Big Data and privacy be in this transition? And what systems will ultimately come to define how we all chronicle our shopping experiences moving forward?
Our wallets have been ceding themselves over to the digital age for quite some time now. It’s about time we took that final leap and made the upgrade to Wallet 2.0.
Colleen Taylor is based in San Francisco, where she is a reporter for TechCrunch TV. Prior to joining TechCrunch, Colleen reported on startups and Silicon Valley for GigaOM. Earlier she was a reporter for the Financial Times' Mergermarket newswire focused on M&A. Colleen has a B.A. from Columbia University.
A programmer since age 6, David is married to an opera singer and has the cutest beagle in the world. David loves third world travel and first class wine, but hates expense reports.
Founder and Owner of Chi'Lantro BBQ.
Scott Brady is CEO and Co-Founder at Project Slice. He is also an Advisor and Member of the Investment Committee at Innovation Endeavors (Eric Schmidt’s Venture Fund), and Chairman of the Sloan Advisory Board at the Stanford Graduate School of Business. Before co-founding Project Slice Scott was the CEO and Co-Founder at FiberTower, and CTO and Co-Founder at Clarus and SQL Financials.
Scott is a graduate of Stanford University's Graduate School of Business. His undergraduate alma mater is the University of Florida.