{"id":576235,"date":"2023-01-25T20:40:00","date_gmt":"2023-01-25T20:40:00","guid":{"rendered":"https:\/\/omni48.com\/?p=576235"},"modified":"2023-01-25T20:52:45","modified_gmt":"2023-01-25T20:52:45","slug":"america-s-biggest-banks-are-teaming-up-to-take-on-apple-pay-and-paypal-with-a-new-digital-wallet-analysts-think-it-could-flop","status":"publish","type":"post","link":"https:\/\/omni48.com\/news\/america-s-biggest-banks-are-teaming-up-to-take-on-apple-pay-and-paypal-with-a-new-digital-wallet-analysts-think-it-could-flop","title":{"rendered":"America&#8217;s biggest banks are teaming up to take on Apple Pay and PayPal with a new digital wallet. Analysts think it could flop"},"content":{"rendered":"<p>Ever since PayPal , Apple Pay, and Cash App lured hundreds of millions of users to their digital wallets, big banks have grasped for ways to pull them back into services they control. The latest example is a push by seven banks, including Bank of America and JP Morgan Chase, to build a wallet of their own to compete with the payment goliaths, according to The Wall Street Journal . The banks&#8217; Early Warning Services consortium, which manages the money-transfer service Zelle, announced on Tuesday that it will operate the as-of-yet unnamed wallet. The plan is to provide &#8220;debit or credit card customers with an easy and secure way to pay while shopping online,&#8221; a spokesperson for Early Warning Services said in a statement to Fortune . An explicit goal of the new wallet is to make inroads against the likes of PayPal and Apple Pay, according to Journal . Analysts that closely track payment services companies are skeptical, however,<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company behind the popular payment service, Zelle, is launching a new wallet to compete with payment behemoths PayPal and Apple Pay.<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1,130],"tags":[],"class_list":["post-576235","post","type-post","status-publish","format-standard","hentry","category-news","category-technology"],"acf":[],"_links":{"self":[{"href":"https:\/\/omni48.com\/api\/wp\/v2\/posts\/576235","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/omni48.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/omni48.com\/api\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/omni48.com\/api\/wp\/v2\/comments?post=576235"}],"version-history":[{"count":0,"href":"https:\/\/omni48.com\/api\/wp\/v2\/posts\/576235\/revisions"}],"wp:attachment":[{"href":"https:\/\/omni48.com\/api\/wp\/v2\/media?parent=576235"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/omni48.com\/api\/wp\/v2\/categories?post=576235"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/omni48.com\/api\/wp\/v2\/tags?post=576235"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}