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.
City of Miami Encourages Mobile Parking Payment with Discount Incentives
The Miami Parking Authority (MPA) has announced a new Miami Resident Discount program exclusively for customers who live in the City of Miami. Effectively immediately, when drivers pay for parking at MPA on-street meters using Pay by Phone, a 20% discount will automatically be applied to the purchase.
MPA introduced the Pay-by-Phone service in May 2008. With a free Pay by Phone account tied to a customer’s credit or debit card, customers can pay for parking with a single call to an automated system.
More info: Miami Parking Authority and Pay-by-Phone.
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