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Live Well Work Well – February 2023 How Cold Weather Affects Tire Pressure Zalma’s Insurance Fraud Letter – February 1, 2023 Startup 101: What goes in a startup data room Pull, Don’t Push: How Catalysts Overcome Barriers and Drive Product Adoption Headspace Health goes international, launches with employers based in the U.K. 5 Interesting Learnings from Jamf at $500 Million in ARR What is Hindenburg Research, the firm that has taken billions off the net worth of Asia’s richest man? ARK’s Cathie Wood predicts these innovations will soar in value to $200 trillion by 2030 America may soon lose a Muslim, African-born lawmaker from its Foreign Affairs Committee: Ilhan Omar

Big banks’ proposed digital wallet payment system likely to fail

A group of leading banks is partnering with payment service Zelle’s parent company to create their own “digital wallet” connected to consumer credit and debit cards to enable online or retail store payments.

The new payment service, however, must compete with entrenched digital wallets such as Apple Pay and Google Pay that are embedded on mobile devices. It’s also not the first attempt for some in the consortium to create a digital wallet payment service.

The consortium includes Wells Fargo & Co., Bank of America, JPMorgan Chase, and four other financial services companies, according to The Wall Street Journal (WSJ). The digital wallet, which does not yet have a name, is expected to launch in the second half of this year.

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Big banks’ proposed digital wallet payment system likely to fail

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