Even as the U.S. makes initial moves towards a real-time payments system, industry experts acknowledge that the transformation will be slow.
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.
Mobile payments need to include prepaid options in order to provide value for underbanked consumers.
PNC President Joe Guyaux explains how an innovative approach to Gen Y customers led to the creation of Virtual Wallet.
So far, mobile payments has been slow to take off in the U.S. But one form of contactless technology is beginning to attract attention.