Gartner Research

Digital Wallets Lead Banks to Battle Card Schemes

Published: 24 March 2014

ID: G00257732

Analyst(s): Alistair Newton, David Furlonger, Christophe Uzureau

Summary

Card networks have launched their own digital wallet solutions. To maintain control over payment flows, banks should leverage credit transfer systems.

Table Of Contents

Analysis

  • Key Dynamics
  • The Mainstream Card Payment Schemes
    • Beyond 3D Secure
    • Moving to a Hybrid Digital Wallet Model
    • Card Networks Open Up, but to What Extent?
    • Banks Should Take Notice
  • Credit Transfers to the Rescue
    • OBEP Systems as a Networked Digital Wallet
    • Digicash — From Credit Transfers to New Use Cases
    • Pingit — Making the Most of Real-Time Payment Systems
  • Recommendations

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