Four news stories.
• Should Morgan Stanley be in the NFCW Expo? Is this your organisation? Find out how to get your NFCW Expo showcase.
• Should Morgan Stanley be in the NFCW Expo? Is this your organisation? Find out how to get your NFCW Expo showcase.
$22b of bank revenue at risk from smartphone wallets: Morgan Stanley — The Australian Financial Review — “Smartphone digital wallets offered by Google, Apple and other technology giants will put A$22bn of revenue across the major Australian banks at risk, according to Morgan Stanley… Its analysts came to that figure after looking into how a banks’ payments capability influences decisions relating to other products. This includes transaction accounts that give major banks an opportunity to cross-sell customers more profitable products such as mortgages.”
Blockchain consortium R3 has reduced the amount it aims to raise from bank members in its first large round of equity funding to US$150m from US$200m, Reuters reports... More
Morgan Stanley customers in the US can now add their debit cards to Apple Pay... More
“We see growing evidence Apple will adopt NFC as a core part of its mobile payments strategy,” a new report from investment firm Morgan Stanley says — and evidence suggests that NXP has already won the contract to supply NFC controller chips for the iPhone 6... More