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.
HID Global to Add Mobile Payment Stickers to Its Contactless Payment Options
HID Global is adding a mobile sticker format to its family of contactless payment and identification cards and is aiming at the mobile phone market as well and NFC payment services, which can be accessed by affixing the sticker to a handset.
The stickers are only likely to act as bridge to contactless mobile payments and Near Field Communication services because gradually in-built secure chips will corner the market as more and more customers take up secure SIM-enabled smartphones. The adhesive-backed sticker is a useful bridge in the meantime, however, and HID Global’s contains an internal ferrite layer that shields electronics from interference even when attached to items containing metal.
via RFPConnect.