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Consumers and Mobile Financial Services – Free Report

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.

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Payfone

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Payfone brings payment processing, telco, and web 2.0 expertise to mobile commerce. The company has rebuilt mobile commerce using their unique intellectual property, and established strategic partnerships with leading telco network operators.

Payfone is a member of the GSMA and is based in New York, NY.

Investors

BlackBerry Partners Fund
BlackBerry Partners Fund is the leading independent venture capital firm focused exclusively on mobile computing. In collaboration with Research In Motion, along with Thomson Reuters and Royal Bank of Canada, the global fund brings capital, resources and unparalleled domain expertise to the partnerships it forms with exceptional entrepreneurs around the world who are shaping the future of the mobile eco-system. The Fund has an investment footprint throughout North America, the United Kingdom and Israel and will begin investing in China later in 2010 through its affiliate, BlackBerry Partners Fund China.

Opus Capital
Opus Capital is an early-stage venture capital firm with more than $1 billion of committed capital under management, investing in committed, high integrity entrepreneurs building market-leading technology companies. The team has participated in the successful outcomes of more than 80 companies (including 50 IPOs) in the US and Israel including Adaptec, AirGate PCS, BlueNile, Brocade, Ciena, DoubleClick, Electronics for Imaging, FedEx, Genesys, Harmonic, Informatica, Kidaro and Vantive. Opus Capital is headquartered on Sand Hill Road in Menlo Park, California.

RRE Ventures
Since its founding in 1994, RRE Ventures remains one of the most experienced and well connected New York Venture Capital firms. RRE focuses on helping talented entrepreneurs and management teams build great companies while generating superior returns for its investors. With a New York orientation and through active participation leveraging our knowledge, experience, and relationships, RRE has $850 million under management, 4 Funds, 45 active companies and have invested in 115 Companies in more than 16 years of venture investing, with 35 of those investments in the New York area.

RRE Ventures incubated Payfone into a company and is Payfone’s largest shareholder.

Management Team

Board of Directors

  • Rodger Desai – CEO/ Co-Founder
  • Mike Brody – VP Finance/ Co-Founder
  • Bob Borchers – Opus Capital
  • Stuart Ellman – RRE Ventures
  • Charlie Fote – Former CEO, First Data Corporation
  • Kevin Talbot – BlackBerry Partners Fund

Team

  • Rodger Desai – CEO/ Co-Founder
  • Mike Brody – VP Finance/ Co-Founder
  • Ross Roesner – SVP Engineering & Operations
  • Paul Murdock – VP Sales
  • Fredrik Neumann – VP Sales EMEA
  • Jim Hudak – VP Business and Corporate Development
  • Sung Kim – Director Strategy
  • Kristin McClement – Director Product Management