Credit Cards Heading Toward a Midlife Crisis?

What's Next In Payments®
4:10 PM EDT February 7th, 2012

Credit Cards might be kicked toward the door as mobile payments continue to grow in scope and popularity, according to a report by PricewaterhouseCoopers.

Related: Credit’s Mid-Life Crisis – Time to Get a Corvette?

The report, Precious Plastic, suggested that banking institutions focus on creating mobile payment options as future potential lies primarily with NFC technology – not credit cards.

However, the report acknowledged the challenges that the mobile payments market faces and that it be some time until they are utilized across-the-board.

Click here to read the complete article via Think Money.

Comments
Also by This Author
What's Hot
Loyalty & Rewards
Payment History Firm Pulls In $70 Million Investments
Mobile
Bitcoin Platforms Being Reclassified As Money Transmitters
Apple Pay Tracker
Wireless Carriers Could Be Left Out Of NFC Payments
Apple Pay Tracker
What CurrentC Didn’t Say
View All Articles ››
You May Also Like
Company Spotlight
Different mPOS Strokes for Different mPOS Folks
International
Digital River Offers A Sneak Peak At Mobile eCommerce Trends
Mobile Commerce
Trustwave Buys Cenzic To Beef Up App Testing Capability
B2B Payments
WEX Comes Off Q3 With Strong Results
International
Transforming Payments from Cost Centers to Revenue Drivers
B2B Payments
U.S. Bank Tries To Streamline B2B Electronic Payments
CA Technologies
Online Transacting Is Safer Than A Card Present World
View All Articles ››