Article

  Comment(0)

 
Share:    Email  

Banks Risk Becoming 'Dumb Pipes' Unless They Partner on Payments

American Banker

Wednesday, May 23, 2012 - 20:50

Payments is an ecosystem. If banks don't make friends with digital partners, they'll be in danger of losing their cards business, say analysts at a conference this week.

"If they get displaced, it's their own fault," says Andy Schmidt, a research director in the commercial banking and payments practice at CEB TowerGroup. "The signs have been there for years, because people want to use their mobile devices more and more."

Alternative payments companies are already offering consumers a way to circumvent traditional payments networks, says Schmidt, who spoke with American Banker ahead of TowerGroup's annual conference in Boston.
Read the full story by clicking the link below
http://www.americanbanker.com/issues/177_100/mobile-payments-partnerships-TowerGroup-analy sts-s....
 
Tags: Mobile Banking, Americas

Sponsored Links
 

 

  Article

   Comments(0)

 
Login or register to post comments
[Show comment]

FEATURED EVENTS

Mobile Money Africa 2014Digital Banking Summit
PayExpo 2014 

Stay Connected

 
Sign Up for the Latest in:
 
 
Mobile Money Transfer
Mobile Commerce
Micro Finance
Mobile Technology
EMEA
APAC
Mobile Payments
Mobile Banking
Mobile Marketing
Global
Americas
Company
(*)
 

MOST POPULAR

HEADLINES

1.Paydiant’s White-Label Mobile Wallet Selected as a 2014 MITX What
2.Kenya shakes up mobile money by licensing three MVNOs
3.Inside Clinkle: A Stanford Kid Got $30 Million and Then Everythin
4.Facebook Prepares A Money-Transfer Service, But Still Needs Trust
5.4 Ways to Compete for Mobile Payments
6.Watch Out PayPal? The Real Meaning Of A Facebook Money Transfer B
7.“Time to do away from Billfolds: Mobile Payment Technology take
8.Orange Money – more than €2.2 billion in transactions have be
9.Orange Money – more than €2.2 billion in transactions have be
10.China gets first bitcoin ATM, skirting bank crackdown
11.How mobile money is changing Asia

FEATURED COMPANIES

MOST POPULAR

BLOGS


 
 

Mobile Financial News from around the web

 
 
 

Inside the DonRiver Network