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.
Isis Mobile Payments Group Signs First Merchants
The new Isis mobile-payments venture has recruited some merchants as it builds the acceptance side of its network, the Isis executive overseeing the merchant effort said on Wednesday.
“We do have signed merchants at this point,” Jim Stapleton, head of sales and account management at Isis and a veteran of AT&T Inc., tells Digital Transactions News. Stapleton, however, refuses to identify them, saying announcements would be made when the merchants and Isis are ready.
via Digital Transactions.