JPMorgan Chase AG outline a payment vision.
Finextra: comment – Payments 2016
Speaking at the first annual EBAday payments conference in Frankfurt in June, Mark Garvin chief administrative officer JPMorgan Chase AG, outlined a vision of the payments industry in 2016, a time when paper cheques are non-existent, payment by mobile phone is commonplace and biometrics have wiped out fraud.In his keynote address to European bankers from across Europe, Garvin called for a renewed banking industry effort to meet the challenges laid down by the move to a Single Euro Payments Area (Sepa). He urged Europe’s top banks to take the lead and create an open forum to decide the priorities and the new common ground for re-shaping the payments business – whether it be rules, interoperability, or the dimensions of the co-operative space.
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