Will Mobile Wallets Replace Their Traditional Counterparts?
Customers need to be incentivized if they are to embrace mobile wallets, especially in the U.S. Meanwhile, banks will play a major role in how -- and if -- mobile wallets evolve further.
By Bryan Yurcan
BS&T asked this question early in 2012. By the end of the year, with an explosion in initiatives backed by banks, merchants and an array of non-traditional financial services players, the answer seems to be, “Maybe,” but the competition to lead the mobile wallets pack was intense.
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Katherine Burger is Editorial Director of Bank Systems & Technology and Insurance & Technology, members of UBM TechWeb's InformationWeek Financial Services. She assumed leadership of Bank Systems & Technology in 2003 and of Insurance & Technology in 1991. In addition to ... View Full Bio