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PayPal Enables 'One Touch' Mobile Payments & Bitcoin Transactions
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KBurger
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KBurger,
User Rank: Author
9/9/2014 | 12:16:50 PM
Re: Payments
What I want to know is, where do banks fit into this? When you say "other companies will not cede anything to Apple" are you talking about other technology companies, or financial services firms as well? We know payments is the area most ripe for disruption & that is seeing the entrance of a lot of non-traditional players. Does this mean banks have conceded, and if so, what have they conceded? Or do they stand to benefit by having lots of potential new partners and new offerings for customers? Bottom line, what does it mean for the banking community?
Jonathan_Camhi
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Jonathan_Camhi,
User Rank: Author
9/9/2014 | 10:50:02 AM
Re: Payments
Definitely not. Assuming that Apple does make a big payments move today, as expected, I think it will be interesting to see what kind of partnerships are formed either with Apple or to compete with it. It's been hard to get players to partner together because everyone wants to own the transaction data. But faced with disintermediation from Apple, other organizations might be more willing to share that data.
Byurcan
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Byurcan,
User Rank: Author
9/9/2014 | 10:45:53 AM
Payments
Interesting development. It's clear that other technology companies are not just going to sit back and cede the mobile payments war to apple.


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