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Jonathan Camhi
Jonathan Camhi
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5 Predictions About the Future of Digital Wallets

Bank of America announced this week that it is piloting Visa's V.me digital wallet service with its online customers, firing up the ever-hot topic of digital wallets in the banking sector. Here are some recent quotes on the evolving digital wallets market that we selected to share.
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Banks should think twice before going down the path of launching their own branded independent wallets. For some, it might make sense, but many others will likely be better off focusing on making their payment credentials available and top of wallet in the wallets already out in the market, as well as enhancing and extending their mobile banking platforms with value-added services, including payments.

— Zilvinas Bareisis, Senior Analyst with Celent Banking Group and author of a recent study called "Digital Wallets: Crossing the Chasm between Online and Offline."

Source: Celent

 

Jonathan Camhi has been an associate editor with Bank Systems & Technology since 2012. He previously worked as a freelance journalist in New York City covering politics, health and immigration, and has a master's degree from the City University of New York's Graduate School ... View Full Bio

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Vidhya Kumar
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Vidhya Kumar,
User Rank: Apprentice
12/18/2012 | 5:25:45 PM
re: 5 Predictions About the Future of Digital Wallets
I'm looking forward to a good, comprehensive digital wallet. I was disappointed that the iPhone 5 & iOS6 didn't have more with NFC/Passbook. When I'm in Canada now, I can use my Blackberry with NFC as my Visa card. I've used it a few times and it's pretty cool.
Cara Latham
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Cara Latham,
User Rank: Apprentice
12/4/2012 | 6:43:49 PM
re: 5 Predictions About the Future of Digital Wallets
I'm looking forward to more advancements in this realm, as I hardly carry cash and dislike having to use various platforms to make payments while out and about.-
CulturalNgineer
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CulturalNgineer,
User Rank: Apprentice
12/1/2012 | 1:58:03 PM
re: 5 Predictions About the Future of Digital Wallets
A viable one-click microtransaction (under $1) will eventually be seen as a fundamental missing element even if only used occasionally.

Moreover an Internet wallet (or wallets sharing the capability) can form the basis of a vitally needed civic-oriented network.

On Tools for Citizenship: the Neglected Essential
http://culturalengineer.blogsp...
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