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Banks are “showing insufficient urgency”” given threats from competitors in new payment methods”

Banks are “showing insufficient urgency”” given threats from competitors in new payment methods”

A wide range of new ways to pay are being introduced to the consumer market. From connected devices such as mobile phones, to the increasingly wide range of everyday objects onto which consumers can pre-load funds, alternative payments methods are now gaining traction, according to a 2012 survey of over 150 institutions underlying a new [...]

The post Banks are “showing insufficient urgency”” given threats from competitors in new payment methods” appeared first on Payments Cards & Mobile.

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