Bank of America Message Board

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Non-Tech : Bank of America

BAC 55.88

+1.1%

Dec 22 4:00 PM EST

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To: FJB who wrote (3683)	7/16/2012 11:24:00 AM
From: deeno	of 4366

good thought. pay pal type services? now that we can scan checks from our phones could they come back? Now that sales tax is a forgone conclusion, who would also pay more to use a credit card if alternatives become available. Even if you advertise same as cash, you have to either raise prices or take a cut to margins. before everyone played on a similar field. Just thinking those many billions of dollars in fees having a status quo has been upset. Banks in general are being squeezed. the whole industry may remain a value trap. BAC is in a tough place. Better be innovative or they may be paying a penny dividend for a long time to come. It also may be a non event. Hence the raising of the topic.

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