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.
BilltoMobile Provides Direct Mobile Billing for Online Purchases by AT&T Wireless Customers
Online purchases can be billed directly to existing AT&T wireless service accounts, with the new agreement between BilltoMobile and AT&T.
BilltoMobile will provide its Direct Mobile Billing payment service to AT&T’s wireless subscribers as part of a trial service.
“We’re excited to collaborate with AT&T and offer their customers the benefits of a convenient, user-friendly mobile payment solution,” said Jim Greenwell, CEO, BilltoMobile. “This form of billing is the logical next step in the e-commerce mobile payments landscape.”
BilltoMobile’s growing list of participating online merchants will provide AT&T subscribers with access to mobile payments on several top online digital goods and services sites.
BilltoMobile continues to attract major online merchants with its secure Direct Mobile Billing approach. Merchants find that offering mobile payments drives significant incremental revenue from a wide variety of consumers and for a lot of different reasons including convenience, security and accessibility.
BilltoMobile provides a secure payment option for mobile-centric consumers, and the interface requires no registration, no set up, no application or downloads and no association with other financial instruments, such as credit or bank cards. Purchases completed with participating merchants are secure, and take only two steps and a few seconds to complete.
More information: BilltoMobile.com.
Source: BilltoMobile