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3 Non-Bank Payment Players to Watch

Banks are always at risk of being disintermediated in the payments space; here are some potential disruptors to keep an eye on.
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Amazon Fire Phone

 

 

While some critics have derided Amazon's recently released smartphone as being only good for allowing you to buy more Amazon products, the fact is the Fire Phone has a chance to be a big player in mobile payments.

The phone already makes it easy for Amazon customers to buy Amazon stuff via the click of an app, in this case one called FireFly, which allows users to view an object with the smartphone camera and call it up for purchase from Amazon if desired.

But Amazon isn't stopping just there. Last December it acquired mobile payments startup Gopago, as well as offering payments services like Checkout by Amazon. With its large built-in customer base, Amazon could soon rival PayPal and perhaps even go further in the world of online and mobile payments.

 

Bryan Yurcan is associate editor for Bank Systems and Technology. He has worked in various editorial capacities for newspapers and magazines for the past 8 years. After beginning his career as a municipal and courts reporter for daily newspapers in upstate New York, Bryan has ... View Full Bio

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