Apple Pay Momentumn

In a previous post, I described some differences in how Apple Pay handles data relative to Google Wallet, and discussed some implications. I also linked to an article on the New York Times (“Banks Did It Apple’s Way in Payments by Mobile”) that suggested that banks and credit card companies are quite eager to work with Apple Pay.

The interesting thing is, we are hearing about this more and more every day. Banks really do seem to be eager to get on board. For example, the Financial Times has an article titled “US banks race to gain Apple Pay card advantage”.

This kind of activity suggests that Apple Pay may at long last crack the nut on mobile, NFC payments.

Getting the channel this excited is a very, very big deal.