As bank checking accounts lose revenues to alternatives,
PayPal is the key competitor. Over half of mobile payments are made using
PayPal . PayPal is growing with in-store payments too. (see below)
PayPal transactions settle to bank checking accounts as Debit ACH, earning no
revenue and decreasing the relationship value and relevance of the checking
account.
Fight back with PaySound® checking strategies to keep your
transaction revenue by offering offering consumers services that are better than PayPal or Prepaid.
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