Even American Express believes the plastic in our wallets eventually will go away.
At a recent event, hosted by Andreessen-Horowitz, on the future of retail, Berland pointed out that there are two things you always have with you: a credit card and a smartphone. "What we are hyper-focused on is how do we merge those two things," she says.
So far, multiple victims have been identified in Tempe, Paradise Valley and Glendale, police said.
Police say they are still looking for possible victims.
That's because it's got a key advantage over Silicon Valley: Amex already is in people's wallets.
There are countless apps that already turn your phone into a credit card substitute: Google Wallet, Pay Pal, Venmo, Level Up, Coin, Loop, and others abound, not to mention retailer-specific offerings like the Starbucks app.
Seibert-Thomas is facing charges including six counts of credit card theft, fraudulent schemes, aggravated ID theft and failure to register as a sex offender, police said.
In the meantime, everyone just keeps swiping their cards.
As Berland describes it, this puts American Express and other major credit card companies in a unique position to make mobile payments happen.
If Amex can figure out how to merge its plastic with your phone, it can maintain a one-to-one connection with customers.
This doesn't necessarily mean Amex would try to create its own point-of-sale product to compete directly with, for example, Pay Pal and Square. So far, credit card companies have had as little success as everyone else at pushing smartphones as the way to pay.