Why Apple Pay and other mobile wallet services could be regulated like banks – Christian Science Monitor

The mobile banking services – which are rapidly gaining users in China, Europe and the US – seem simple. But as traditional banks lose ground, mobile wallet services may face stricter regulation in in the future, one expert says.

Sourced through Scoop.it from: www.csmonitor.com

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Kenneth Carnesi holds a Juris Doctor degree from New York Law School and a Professional Certificate in International Banking from Harvard Law School. Kenneth Carnesi is the Director of Operations and Government Sales at Anaptyx LLC and sits on the Boards of The Lazarus Organization, Monkeetech LLC and MG Madison Phillips, Inc. Mr. Carnesi has also founded CICG - Carnesi International Consulting Group, a company specializing in strategy consulting to small to mid-size businesses.

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