Thursday, June 7, 2012

Survey Says Mobile Wallets Could Hurt Banks, Banks Say PayPal, Walmart Biggest Threats

Mobile Wallet Systems Could Hurt Brick-and-mortar Banks, Survey Suggests
PCWorld

Banks may now have the advantage because they have proven security measures and solid reputations, but as mobile payment offerings continue to proliferate, that could change quickly with challengers as powerful as eBay, Google and Apple.

See all stories on this topic »

On a separate note, but along the same topic, PYMNTS reports that Banks fear Walmart and PayPal most:



The payments industry is undergoing a significant transformation. Just ask the nation's senior banking executives - of which nearly one in four identified new market entrants, like Walmart and PayPal, as the biggest threats to their businesses. Read More



Disqus for ePayment News