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.
Clinkle Lays off 25% of Staff
Clinkle, a stealthy mobile payment startup that recently raised the largest seed financing round in history, today has completed an internal reorganization. Or, in other words, layoffs.
Fortune has learned that the San Francisco-based company has issued pink slips to 16 employees, or just around 25% of its staff.
No word yet on any names except that most of the moves come within the business, rather than engineering, ranks.
Read more via Fortune.