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.
Pay Anywhere
Powered by North American Bancard, Pay Anywhere is a payment solution that allows mercahnts to accept credit card payments anytime and anywhere. The Pay Anywhere app and card reader accessory were developed to offer a range of payment options for non-profit organizations, businesses and more.
More information: Pay Anywhere