Regional banks that cede rich opportunities to big banks and FinTechs can still grab a piece of the payments pie. Here’s how.
As the mobile wallet train leaves the station, banks will discover that a ‘fast follower’ strategy risks leaving them behind.
BITS executive John Carlson says the financial services industry must collaborate closely with outside constituencies to mitigate fraud and security issues in mobile payments.
By proceeding cautiously in mobile banking, banks are following the same prudent course they pursued with remote deposit capture.
Mobile payments is coming fast, spurred by the development of downloadable apps such as Angry Birds – little bits of money that soon add up to big money.