Banks or Bust: What is the Best Role for a Bank in a World of P2P and Digital Wallet Payments?

Banks have struggled with how to respond to non-banks emulating banking activities for decades.  In a world of Apple Pay, is there room for  “Bank Pay”?  In a world of Venmo, is there room for “Bank-mo”?  If so, what role does the bank play?  Can banks really deliver a more valuable service and more seamless client experience than outside, non-bank actors? 
Join PayCLT on Friday, 17 June for an interactive discussion and simulated debate (sides to be assigned) on the role of the bank in evolving payment models.
 
Haven’t thought much about the future role of banks?  Or, perhaps your line of payments is outside of digital wallets and P2P?... Check out the links below for some background and perspectives on the topic.
 
Digital Wallets

•  http://www.mobilepaymentstoday.com/blogs/how-apple-killed-the-digital-wallet/  -  older piece on the role anticipated for Apple Pay
•  http://www.digitaltransactions.net/news/story/Banks-Must-Stop-Being-_the-Quiet-Party_-in-the-Mobile-Wallet-Battle_-an-Expert-Warns  - statement by a proponent for Bank-owned Wallets
• http://www.mobeyforum.org/w/wp-content/uploads/Mobile-Wallet-white-paper-part-V.pdf   - early piece from industry group on the role/potential for bank mobile wallets
• https://www.thestreet.com/story/13587019/1/why-wells-fargo-is-taking-on-apple-jpmorgan-in-mobile-payment-melee.html  - announcement of recent entrant in bank wallet               
• https://www.linkedin.com/pulse/impact-new-mobile-wallets-future-role-banks-gregory-lloyd?trk=prof-post   - essay on one option for banks in digital wallet “wars”

 
P2P

• http://lifehacker.com/money-transfer-showdown-square-cash-vs-venmo-vs-payp-1752058723   - compares third party P2P apps
• http://peer-to-peer-payments.credio.com/compare/2-8/Venmo-vs-Chase-Quickpay   - this has a tool that lets you compare P2P types!
• http://www.investopedia.com/articles/personal-finance/032415/how-safe-venmo-and-why-it-free.asp   - investopedia on venmo for people ages 30+ (any younger and they don’t care, or need this write-up)
• http://www.wsj.com/articles/apple-in-talks-with-u-s-banks-to-develop-mobile-person-to-person-payment-service-1447274074   - news on potential Apple P2P
• http://www.cnbc.com/2016/06/02/wall-street-is-turning-up-the-heat-on-start-ups.html   - the bank play on P2P

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