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.
NXPI: NFC chip Maker Stock Soars 130 percent in Three Months
Tech stocks are flying high again. During the past three months, none has climbed higher than NXP Semiconductors (NASDAQ: NXPI), the leading maker of near field communications chips that turn cell phones into digital wallets. Shares of the Netherlands-based company have climbed 130 percent during that period, more than any publicly traded stock in the world with a market capitalization of at least $2 billion, tech stock or otherwise.
Read more via Benzinga.com