Death of Innovation? A Banking Startup's Swift Demise

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8 Things Apple Pay Left Out

Apple's long-anticipated move into mobile payments seemed to cover all the bases — Apple Pay will launch with the support of major banks, card networks and retailers. But there were several things that didn't make it into the first version of its mobile wallet.

(Image: Bloomberg News)

Comments (3)
Blaming those damn regulators is far easier than admitting an idea is flawed, isn't it?
Posted by TJR Easton | Tuesday, January 15 2013 at 12:53PM ET
If the promoters of the scheme would not even answer American Banker's questions, why are you defending them in your mag?
Posted by williama | Tuesday, January 15 2013 at 1:28PM ET
Thanks for your comment/question. We're not defending them; just reporting on them ... and pointing out that innovating sometimes means running afoul of regulation, and that regulating sometimes means clamping down on innovations.

-Heather Landy, Editor in Chief, American Banker Magazine
Posted by hlandy | Tuesday, January 15 2013 at 1:47PM ET
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