Whoever they are--they are poised to capture significant additional business opportunities and market share.
Like someone mentioned here earlier this week--people are tired of the same old ACH financial models being re-branded as something special.
Your deduction could very well be spot-on. Chase may be the candidate that wants to differentiate itself. MYEC provides numerous capabilities to accomplish the above. Ed Starr's singular vision for the present and future payment industry must be coupled with a bank with not only vision but guts.
I think what is forgotten even here concerns the continued prevalence of checks especially in the United States. We are going to be able to capitalize on this continued trend in electronic form.
If banks really understood the revolutionary effect the fully electronic check is going to have on consumer behavior they would be absolutely beating down on MYEC's door IME.
**You never change things by fighting the existing reality. To change something, build a new model that makes the existing model obsolete