You're thinking of a complete overall, whereas I am thinking a gradual disposition.
To some extent, the card is where the control is. PayPal knows this, which is why they came out with a debit and credit card.
If a proximity payment service emerged that could interact with the API inside a device, it is a matter of time before a "simple, affordable microtransaction" service/app comes about. From there, exponential growth due to the order of convenience and simplicity. Banks, meet your "Napster", as it were.
Imagine mint.com came out with a proximity payment system for all devices and used the existing mint.com system as your "Bank Account" overview. Simply amazing!
To some extent, the card is where the control is. PayPal knows this, which is why they came out with a debit and credit card.
If a proximity payment service emerged that could interact with the API inside a device, it is a matter of time before a "simple, affordable microtransaction" service/app comes about. From there, exponential growth due to the order of convenience and simplicity. Banks, meet your "Napster", as it were.
Imagine mint.com came out with a proximity payment system for all devices and used the existing mint.com system as your "Bank Account" overview. Simply amazing!