I feel a Disturbance in the Universe....
¿ªÔÆÌåÓýWhen I use ApplePay, several times a day, I¡¯m not thinking of the size of our Tribe¡I¡¯ve learned the banks are going to need a Bigger Boat, so they will try. ?Based on the article I just sent explaining the thousands of dollars disappearing from their banking accounts using Zelle, why do folks use such a product? ?Read the bottom of the article to get an idea of Apple¡¯s size in just a few years. ?JohnBank of America, JPMorgan and other banks reportedly team up on digital wallet to rival Apple Pay Several banks are reportedly working on a digital wallet that links with debit and credit cards, in a bid to compete with Apple Pay and According to , the digital wallet would be operated by Early Warning Services, a joint venture from several banks that also runs Zelle. The major banks involved include , and , according to the report. The new wallet would initially be launched with and already on board, according to the report. Early Warning Services confirmed to CNBC that it plans to launch a wallet product this year. The move could be seen as an effort to slow ¡¯s push into consumer banking, as the tech giant already offers a branded credit card and is exploring other products for their famously loyal customer base. How many transactions use Apple Pay? The top-ranking Visa processes approximately $10 trillion worth of transactions per year, with Apple Pay on over $6 trillion. It means that for the first time, Apple Pay has a whole ¡ª including Apple Card ¡ª has overtaken Mastercard, which processes approximately $4.8 trillion worth of transactions. Sep 7, 2022 |