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.
Ingenico NFC payments technology certified by GIE Cartes Bancaires
Ingenico, a provider of payment solutions, was just awarded by Groupement des Cartes Bancaires the first certification for the acceptation of contactless payment by card or mobile phone, delivered in France to a provider of terminals and payment solutions.
Groupement des Cartes Bancaires issued Bulletin no. 12 V2 concerning the “deployment of contactless acceptation.” The bulletin takes account of the specifications used in the mobile payment experiments “Payez Mobile” in the cities of Caen and Strasbourg and those of “Nice, contactless city”. All registered “digital cities” (currently Bordeaux, Caen, Lille, Marseille, Nice, Paris, Rennes, Strasbourg and Toulouse) will base themselves on those specifications, thereby speeding up the development of contactless payment in France.
According to Frédéric Leclef, Managing Director of Ingenico France, The principle of contactless payment is well known in France. Users are willing to change terminals to take advantage of this new technology”.
Right from the start, Ingenico adopted NFC for transport applications, then payment. This certification is a new and decisive asset for the propagation of contactless technology.
Source: Ingenico