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What’s in Your Digital Wallet? Lucrative Data

Published on March 23, 2013
by Andrew R. Johnson

The rise of digital wallets, which allow consumers to pay for purchases through mobile devices, is sparking a battle among payment networks, banks and technology firms over lucrative transaction data.

Card companies such as Visa, MasterCard and American Express fear their access to information generated when a consumer swipes a credit or debit card is being blocked by some of the digital applications.

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