This is going to be a very interesting and competitive market over the next 18 to 24 months. What do you think would you try a digital wallet or would you be too concerned about privacy and theft?
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I’m currently at the ABA (American Bankers Associaion) Marketing Conference. The words “Google Wallet” didn’t come up in any of the sessions I have attended. Maybe us traditional bankers are just too scared of it…
Hey Mark – that is an interesting point. I think too often large traditional institutions like banking try to ignore things they think are fads. 20 years ago, they probably never would have thought an internet-based bank like ING Direct would never work either!
After all, the internet and mobile-based technology…. that’s all silly kid stuff that won’t last. 😉