Digital Wallets Turn A Corner
Newest First  |  Oldest First  |  Threaded View
User Rank: Apprentice
12/6/2012 | 7:54:17 AM
re: Digital Wallets Turn A Corner
Why do digital wallet needs to have banks as partners?- I thought all digital wallet- needs is my credit card info and they will store this and pass it payment gateway securely when I make a payment.. thus my question on why bank partnership is needed to have digital wallet viable..I must be missing something fundamental

Greg MacSweeney
Greg MacSweeney,
User Rank: Author
12/5/2012 | 11:50:23 AM
re: Digital Wallets Turn A Corner
I wonder is Apple misread the market for mobile payments. By not
including NFC in the iPhone 5, Apple took a pass on becoming the major
payments player. Or is Apple waiting until the timing is right (when
more people want to use their phone to pay?).

When Apple finally does jump into the crowded payments pool, it will
make major waves and will likely become the major payments player almost

Register for Bank Systems & Technology Newsletters
White Papers
Current Issue
Bank Systems & Technology
BS&T's 2014 Elite 8 executives are leading their banks to success, whether it involves leveraging the cloud, modernizing core systems, or transforming into digital enterprises.
Bank Systems & Technology Radio
Archived Audio Interviews
Join Bank Systems & Technology Associate Editor Bryan Yurcan, and guests Karen Massey and Jerry Silva from IDC Financial Insights, for a conversation about the firm's 11th annual FinTech rankings.