After a shared restaurant bill yesterday evening, one friend suggested to another paying her back by making some sort of Chase-based electronic payment. The other friend hadn't tried it but was willing to give it a go.
The one is already a Chase account holder, and I think/suspect the other may be.
Like it or not (and I'm no fan of Chase and the BigBank quasi-oligopoly), this is going to be the future of payments. Unless someone significantly lowers the bar to alternatives.
Sure, they might have any number of other apps on their smart phones and accounts to choose from. But, banking ends up being the entre to having the/a service on their phone, tied to their individual financial services and resources.
"Everyone" does banking. This is the point/vehicle of mass adoption.
look up Zelle. it's the US bank version of venmo. it will be integrated into the bank app or standalone and it's instant payment. a few banks already have it. i know mine does
The one is already a Chase account holder, and I think/suspect the other may be.
Like it or not (and I'm no fan of Chase and the BigBank quasi-oligopoly), this is going to be the future of payments. Unless someone significantly lowers the bar to alternatives.
Sure, they might have any number of other apps on their smart phones and accounts to choose from. But, banking ends up being the entre to having the/a service on their phone, tied to their individual financial services and resources.
"Everyone" does banking. This is the point/vehicle of mass adoption.