Developing the slickest mobile-tablet applications that enable consumers to manage routine credit and debit card spending through their larger touchscreens will be essential for large banks looking to hold on to younger, more affluent consumers over the next year, new research suggests.

As distribution of tablet devices such as Apple Inc.’s iPad surges, the race is on among banks to develop the most feature-rich applications for diverse banking products for the newest generation of devices, Mary Monahan, executive vice president and research director, Javelin Strategy & Research, tells PaymentsSource.

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