BALTIMORE — What's wrong with P2P? That plaintive question shaped the presentation Monday at the PAYMENTS 2012 conference on the outlook for person-to-person payments.
The principal speaker, David Fortney, senior vice president for new product development at the Clearing House, was plain that P2P take up has been slower than many had anticipated.
One fact: P2P is scarcely a blip in terms of money movement between individuals, exchanges that still are overwhelmingly cash, sometimes via paper check, said Fortney.
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