Germany Mobile-Payments Alliance Would Bypass Banks

It made headlines in Europe, but this week’s announcement that three major telecommunication companies in Germany have joined forces to bypass supporting banks in handling Mpass mobile-payment transactions is a concept not likely to quickly take hold in other countries, one industry observer says:

http://www.paymentssource.com/news/germany-mobile-payments-alliance-bypass-b anks-3007492-1.html