How Will Payments Ride Rails?

Fest, Glen
July 2008
Bank Technology News;Jul2008, Vol. 21 Issue 7, p1
Trade Publication
The article discusses the issue of mobile payments of banks in the U.S. Some experts state that when mobile payments turn an everyday reality for banks, there will be crucial business-line decisions on the suitability of automated clearing houses (ACH) and automated teller machines (ATM) or card association networks for payments. According to Virginia Garcia, senior research director at TowerGroup, all different types of payments are going to require different infrastructures.


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