Thursday, April 14, 2011

Big Banks at Your Service

Matthew Bishop thumbs:
Apparently, the traditional banks are scared silly of mobile payments, so have lobbied central banks against them - effectively

1 comment:

  1. Scared silly just means that they won't control the transaction processing schemes. There are new channels (outside VISA or MasterCard merchant processing services) for mobile payment systems. That's not fear- that's economic self interest.