BALTIMORE — Buckle up because big changes are heading your way, agreed speakers at a NACHA panel Tuesday on mobile wallets, a topic that still creates more buzz than it does transactions.
But that may be changing. "We will see more changes in payments in the next five years than we saw in the prior 25," predicted Chris Cox, a vice president with First Data.
George Peabody, an analyst with Mercator Advisory Group, said, "It will take years for mobile wallets to reach critical mass — but it will come in 2016."
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