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 Expands Verizon Carrier Billing Options to Include Boku
BilltoMobile is expanding its direct carrier billing relationship with Verizon Wireless to process transactions from other payment platforms starting with mobile payment start-up Boku. The agreement allows Boku to tap into BilltoMobile’s direct billing gateway and will greatly expand the number of merchants and consumers who can use direct billing on Verizon. BilltoMobile’s deal with Boku is non-exclusive so BilltoMobile could also process transactions from Zong and other payments providers as well.
BilltoMobile last year secured the first U.S. carrier billing deal when it agreed with Verizon Wireless to process payments directly through the carrier’s billing system.
via GigaOm.