Innovation is a fixed cost, MasterCard's Iacobuzio says

06/6/2013 | AmericanBanker.com (free registration)

Banks are searching for revenue, but they must get used to looking at mobile offerings and innovation as a fixed cost, because the time for action is now as others move into the mobile payments arena, said MasterCard executive Theodore Iacobuzio. "The train is leaving the station," he said.

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