Emerging payment technologies will gain ground in 2017. Some represent competition and risk for banks, but others may help them get in on the action.
Whether they fly solo or with partners, financial institutions need to begin placing their bets in the mobile wallet game.
Mobile wallets can provide a big win for banks if they base their offerings on the key principles of utility, partnerships and the customer relationship.
For an enthusiastic but still-small segment of customers, mobile check deposit is a winning innovation.
As the mobile wallet train leaves the station, banks will discover that a ‘fast follower’ strategy risks leaving them behind.
Facebook credits may be passé but Facebook banking looks like it’s here to stay.
With the outlines of digital payments still so uncertain, savvy organizations are making many experiments to keep moving forward.
The Barclays Pingit P2P app works well for both consumers and corporate customers, suggesting that a new stage in mobile payments has arrived.