The world’s unbanked number in the billions, but the potential bank revenue? Hundreds of billions.
Although remote deposit capture (RDC) for commercial use has soared in recent years, banks remain cautious about offering the service to consumers. Mobile RDC should revise that outlook.
Bankers Dominic Venturo and Marc Warshawsky discuss the promise and difficulties related to developing and implementing a mobile wallet payment solution.
Visa’s new push for chip payments technology, combined with recent regulatory restrictions on debit interchange, will likely spur improvements in payment card security
Jumpstarting mobile payments in the U.S. will require cross-industry partnerships such as Google Wallet, says the Smart Card Alliance’s Randy Vanderhoof.
Consumer remote deposit is gaining ground but faces potential market and security limitations.
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.