An article relating to this blog post on Finextra:
E-payment threat to bank revenue
The increasing popularity of online payment providers like PayPal and Amazon Checkout, combined with the emergence of mobile commerce, threatens to leave banks lagging in the e-commerce world, accordi...
I think that the biggest threat banks face is lack of trust and ethics.
Payments are based on trust.
Consumers will be looking hard for alternatives. There will be plenty.
Payments is only part of it. Consumer credit is next. There's more...