Credit Cards Heading Toward a Midlife Crisis?

What's Next In Payments®
4:10 PM EST 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
Merchant Innovation
“Shazam for Fashion” Launches Stylist App
News
Samsung’s Double-Barrel Galaxy S6 Launch
News
Consumers Go Mobile For Smart-Device Research
Merchant Innovation
Will Half Of All Americans Be Amazon Prime Customers By 2020
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
Cool
The Shortlist – Get To Know Them Today, You’ll Be Talking About Them Tomorrow
B2B Payments
B2B Meets The Cloud: The Evolution of Payments
B2B Payments
ING Boosts B2B E-Payment Services with Basware
B2B Payments
Wonga Chooses Buyer for Nixed Business Lending Unit
View All Articles ››