Banks Rethinking Retail on Digital Wallet Competition

Sposito, Sean
May 2012
American Banker;5/30/2012, p7
Trade Publication
The article discusses U.S. retail banks' use of personal financial management software and mobile wallets from the perspective that the industry needs to focus on how to best use these services in a competitive market.


Related Articles

  • Nacha Creates Check Conversion Education Group. Wade, Will // American Banker;8/14/2003, Vol. 168 Issue 156, p17 

    With more billers converting consumer checks into electronic transactions, retail banks are getting more calls from customers confused or disconcerted by the process. Though billers say most customers are unconcerned, the potential for confusion has prompted one trade group to create a public...

  • NEWS MAKERS.  // Bank Technology News;Jun2004, Vol. 17 Issue 6, p10 

    Presents news briefs pertaining to bank technology in the U.S. as of June 2004. Estimated number of Americans who have been defrauded by phishing attacks, according to a Gartner survey; Expected growth of retail banks' information technology (IT) investments in 2006, as the industry aims to...

  • UMB strikes ATM deal with drugstore chain.  // North Western Financial Review;4/15/2005, Vol. 190 Issue 8, p22 

    The article reports that UMB Bank, Kansas City, Missouri, reached an agreement with Deerfield, Illinois-based Walgreens, America's largest drugstore chain to install more than 300 UMB brand Automated Teller Machines (ATM) in stores located in the bank's market. Company officials said the deal...

  • Branch Performance by the New Numbers. Grasing, Robert // Journal of Bank Cost & Management Accounting;Nov2003, Vol. 16 Issue 3, p3 

    This article presents information on branch performance by banks. The retail branch efficiency Ratio is 27.1 percent for the top-tier performers and 47.5 percent for the average of all 36 participants. Banks are taking a variety of approaches in implementing technology to make improvements in...

  • Retail Bank Services Strategy: A Model of Traditional, Electronic, and Mixed Distribution Choices. Byers, Reynold E.; Lederer, Phillip J. // Journal of Management Information Systems;Fall2001, Vol. 18 Issue 2, p133 

    Design of a retail banking distribution strategy is an important issue in that industry. This paper shows the effect of new electronic distribution technologies such as PC banking on the choice of a bank's distribution strategy. We present a competitive model of distribution strategy choice,...

  • NCR Sells 400 ATMs to Nigerian Firm. Breitkopf, David // American Banker;5/21/2007, Vol. 172 Issue 97, p8 

    The article discusses the order of 400 automated teller machines (ATMs) by Intercontinental Bank PLC. The deal between NCR Corp. and the Nigerian bank is NCR's largest in sub-Saharan Africa. According to data from Retail Banking Research Ltd., at the end of 2005 there were 581 ATMs in Nigeria...

  • Well-entrenched position.  // Finweek;9/20/2007 Supplement2, p31 

    The article reports on the move of Standard Bank company to focus on regaining its market share through organic growth in Namibia. It is stated that Standard will be operating 128 automated teller machines (ATMs) by the end of 2007 and more than 1000 point-of-sale machines. The bank's chief...

  • Talk is cheap. Bielski, Lauren // ABA Banking Journal;Mar2005, Vol. 97 Issue 3, p33 

    Provides information on customer services in retail banking in the U.S. Effect of excessive cost cutting on the customer service of banks; Key areas of customer service in the industry; Discussion on the significance of automation in establishing effective customer relations. INSET: KEY...

  • CFS Selects Infosys's Finacle Solution to Replace its Technology Infrastructure.  // EmergingMarketsNOW;4/28/2009, p7 

    The article reports that Great Britain-based Co-operative Financial Services (CFS) has selected Infosys Technologies Ltd., an India-based information technology services firm, to replace its technology infrastructure. Infosys will replace CFS's systems across its back office and channels in the...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics