SAN FRANCISCO — Nobody is in a rush to toss out their leather wallet and replace it with a digital wallet on their phone.
Financial institutions still in the mix as digital wallet uptake evolves in fits and maybe starts.
Survey finds more consumers aware of mobile wallets than interested in using them.
LAS VEGAS — CU Wallet, the credit union-owned digital wallet, says it has contracted with Paydiant to power the CU Wallet service.
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.
Fifteen credit unions band together to support startup that plans to offer digital wallet tools beginning early next year.
Michigan credit union goes through PSCU to become first to pilot new MasterCard service.
Despite slow uptake and Google's low-touch service, search giant remains largest foe in digital wallet disintermediation threat.
Harris Poll finds about two in three – 66% – said smartphones would replace credit cards. Sixty-one percent said ditto for cash.
CardHub.com CEO says large issuers making more credit available, sees no rush for digital wallet adoption.