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.

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