June 2010
Bank Technology News;Jun2010, Vol. 23 Issue 6, Special section p8
Trade Publication
The article reports on the difficulty to develop business models that ensure phones, payment networks and financial systems work together for mobile payments in the U.S. According to the Independent Community Banker Association's 2009 payments study, 47% of community banks with more than 500 millions U.S. dollars of assets are planning to offer mobile payments by 2011. It notes that despite demand, most of the bigger banks are appearing stymied by business model challenges.


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