Mobile phones have increasingly become tools that consumers use for banking, payments, budgeting, and shopping. Given the rapid pace of developments in the area of mobile finance, the Federal Reserve Board began conducting annual surveys of consumers’ use of mobile financial services in 2011. This 78-page report, “Consumers and Mobile Financial Services” (March, 2015) examines trends in the adoption and use of mobile banking, payments, and shopping behavior and how the emergence of mobile financial services affects consumers’ interaction with financial institutions.
OpenTable, an online restaurant reservations system released “Pay with OpenTable” feature with Apple Pay and will introduce it to diners in the Fall of 2014.
Apple Pay transforms mobile payments for an easy, secure, and private way to make purchases. By integrating Apple designed hardware, software and services, Apple Pay creates a unique and incredibly intuitive experience for iPhone 6 and iPhone 6 Plus.
“We’re thrilled to work with Apple closely to make our payment experience even more intuitive and seamless,” said Matt Roberts, Chief Executive Officer of OpenTable. “With Apple Pay, OpenTable app users can skip adding a card to their profile and simply settle their check with a single touch using iPhone 6 or iPhone 6 Plus, saving diners even more of their precious time.”
Source: PR Newswire