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Who Will Win the P2P Payments Battle?

Apple announced its new P2P payments service in Q2 2017, as did Zelle, the P2P payment platform emerging from the ClearXchange consortium created by Bank of America, Wells Fargo, JPMorgan Chase, and other banks. In response to the launch of Zelle, a Reuters article proclaimed that the largest U.S. banks were launching a Venmo ‘killer’. Cornerstone’s take: Maybe Reuters is just reporting that the banks think that they’re launching a...