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4 Ways to Compete for Mobile Payments

Rob Rubin, Novantas Managing Director, writes a weekly column for The Financial Brand:

If banks and credit unions can’t keep payments tied to people’s primary accounts, mobile tech will cut them out of the loop.

A recent survey on FindABetterBank indicates that more and more consumers are beginning to use their smartphones to make payments. Banks and credit should act now to avoid being left out or marginalized. Why? Aside from eroding interchange revenue, mobile payments will be disruptive because it disaggregates a major component of how consumers use their primary bank accounts.

Read the full article here…

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