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.
Merchants – How to Accept Google Wallet
If you’re a small or medium-sized business, if you can’t already accept contactless payments today, you’ll need to upgrade your system, which is likely out of date with the latest technologies.
First data offers updated systems so you’ll be able to accept Google Wallet, other contactless payments, and of course traditional payment forms, with a single package.
If you already accept contactless payments, you’re ready for Google Wallet.
Read more, via First Data.