Top banks join push to form Apple Pay, PayPal competitor

Top banks join push to form Apple Pay, PayPal competitor

Wells Fargo & Co., U.S. Bancorp and five other major banks are planning to launch a digital wallet that can let shoppers use smartphones to pay for purchases. The Wall Street Journal has a report on the new service that would compete with similar offerings from Apple and PayPal, which have moved more aggressively into personal finance. Tech companies making inroads on digital payments could threaten to disrupt banks' existing customer relations…

Major US Banks Develop Digital Wallet to Compete with PayPal and Apple Pay

What's in your digital wallet? Every major US bank is hoping it'll be one of them. Wells Fargo, Bank of America, JPMorgan Chase, and four other...

US Banks Take Aim at Digital Wallets, Plan to Launch Apple Pay Competitor

Seven U.S. banks will offer a new card-based digital payments wallet without crypto to try to catch up with Apple Pay and PayPal.