There are so many choices when it comes to P2P services offered by banks. Yesterday, clearXchange announced that it has finally gone live for payments being sent between Wells Fargo and Bank of America. This isn't the first big move in this space in 2012 - Fiserv announced in late February that it is combining ZashPay and Popmoney. There's a battle taking place, and it's not going to be pretty, especially as clearXchange adds more banks into its mix. What does this all mean? There are several important questions to be answered regarding consumer payment solutions offered by banks:

1. Can banks dominate the P2P payments landscape? Will customers go to banks or alternative payments providers?
2. Is there really a difference to the customer between a "P2P" payment or a bill payment (a payment is a payment)?
3. How do mobile and tablet devices factor into the picture?

There are going to be some significant changes over the next few years to the consumer payment options offered by financial institutions. I'm going to address these questions and more in an upcoming report - stay tuned! In the meantime, please weigh in with your comments and questions.