If credit unions can make P2P free, in real time and through mobile channels, it could explode as a payment tool.
Financial institutions still in the mix as digital wallet uptake evolves in fits and maybe starts.
LAS VEGAS —For mobile commerce to happen on smartphones it almost certainly will require one-click buying, panelists say.
Fifteen credit unions are betting the time is right for a credit union centric digital wallet. That’s why they threw their weight behind startup CU Wallet, the brainchild of Paul Fiore, founder of Digital Insight, and Kirk Drake, CEO of the Hagerstown, Md.-based CUSO Ongoing Operations.
Report disputes industry belief that consumers aren't interested in mobile wallets.
Think firm finds some activities draw mobile bankers into the branch, more than other consumers.
CU Times technology writer Robert McGarvey says it's time to quit being cheerleader for mobile banking and focus on improving the experience.
Mobile banking now is used by 33% of mobile consumers, per Javelin, a jump from the 24% who used it in 2011.
Mobile wallets are coming – that is a certainty, some experts say. But just about everything else around this issue remains uncertain as credit unions, banks, and merchants scramble to attempt to keep pace with a fast evolving marketplace.
Mobile for the underbanked, cost-saving RDC, securing the channel all covered in the latest Mobility Matters column by veteran tech reporter Robert McGarvey.