Traditional Banks must win the battle of the "mobile wallet" to keep interchange revenue, which is a quarter of some institutions' non-interest income. However, On the other hand, they must also cater to consumers' growing interest in P2P payments, which…
Reprinted from Harvard Business Review written by Shelle Santana Is the U.S. becoming a cashless society? As digital payments spread from coastal coffee shops to rural restaurants, business owners, lawmakers, and consumers across America are asking themselves this question. And…