Re:Google’s new program to track shoppers sparks a federal p...
by jdmichal on Monday July 31, 2017 @03:32PM
(#14895177)
Only if the payment app ties directly to a bank account, rather than a card. I don't see any movement in that direction in the US, so the card networks would still be getting their cut.
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Re:Google’s new program to track shoppers sparks a federal p...
by jon_richards on Monday July 31, 2017 @04:28PM
(#14895621)
I foresee a Wallmart/Amazon race between banks and online wallets in the future (each trying to become the other first). Paypal nearly got there a while back. They were actually paying more interest on your Paypal balance than banks were paying on your savings, since they didn't need all the infrastructure involved in being a bank. Not sure what happened to kill that.