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The earliest mobile wallets required consumers to use a stored-value account simply to overcome the wallet makers' lack of bank partnerships. Today, mobile developers are going a step further in using apps to unlock fresh potential for debit and prepaid cards.
Interac Goes In-App
Canada's Interac debit network has rarely shied from innovation, and its new tokenization service is meant to facilitate its move into in-app purchases. The goal is to create a faster payment process for online and mobile commerce.