Financial institutions behind Zelle are working on a wallet for consumers to use at online checkout.
America’s biggest banks are teaming up to take on Apple and PayPal with a digital wallet linked to customers’ debit and credit cards, according to the Wall Street Journal.
Wells Fargo, JPMorgan Chase and Bank of America are among the seven lenders backing the wallet, which will be run by Early Warning Services, the bank-owned venture behind P2P payments service Zelle.
With Visa and Mastercard onboard, the wallet will launch with 150 million debit and credit cards available for use when it arrives in the second half of the year.
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
