"We've seen card-killers over the years, everything from wearables and digital wallets to pay-by-app and account-to-account payments. Our argument, based on the research, is that none of these solutions challenge cards but all of them collectively are shifting payment experiences over time."
"Ecommerce transactions offer little in the way of reinforcing card behavior. They offer opportunities for many different payment types because it's easier for consumers to select an option virtually than in a physical environment."
"Merchants could encourage customers to shift a portion of their spend from cards to less costly pay-by-bank. This strategy would work best with returning customers, he said, not first-time shoppers who may never revisit."
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