Bank Of America’s And Chase’s Digital Wallet Is DOA (Delusional On Announcement)

OBSERVATIONS FROM THE FINTECH SNARK TANK

Based on a Wall Street Journal article, CNBC reported:

“Several banks are reportedly working on a digital wallet that links with debit and credit cards, in a bid to compete with Apple Pay and PayPal. According to The Wall Street Journal, the digital wallet would be operated by Early Warning Services, a joint venture from several banks that also runs Zelle. The major banks involved include Wells Fargo , JPMorgan Chase and Bank of America.”