The three largest banks in the United States promote personal mobile payment scheme

According to foreign http://www.aliyun.com/zixun/aggregation/31646.html "> media reports, the three major U.S. banks-Bank of America, JPMorgan and Wells Fargo jointly launched a personal payment system, known as Clearxchange, which allows consumers to activate mobile payments using mobile phone numbers or e-mail addresses.

Through the current test in Arizona, State, it can be seen that customers using this system can transfer money to any of the three banks by using a mobile phone number or an e-mail address, and three banks do not charge anything for Clearxchange's trial subscribers.

Clearxchange is facing fierce market competition, including PayPal, Cashedge, Fiserv and so on. These companies offer personal payment services that allow individual users to electronically copy the billing process to realize the transfer function.

"Our clients want a simple, safe and innovative way to transfer electronic money," says a Wells Fargo spokeswoman. "The safest way to do this is through the banks you save." ”

The Clearxchange system is the concern of industry people.

Javelin International Strategy Research director Beth Robertson: The bank's involvement does not guarantee the success of the individual mobile payment system, but because the bank's existing transfer and risk management systems make it possible for individuals to pay less than other competitors, So the involvement of banks may make clearxchange more advantageous.

Mercator Consulting Group's debit service consulting director Patricia Hewitt:clearxchange's formation is a symbol of the overall way in which money is paid or cheques are changed to electronic payment methods. Its success will depend in part on the speed of transfer between the payer and the payee, because in order to replace the cash, there must be an equally convenient and fast way to pay.