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.
PaymentOne Launches Android Mobile Payment Solution
PaymentOne Corp. has launched an Android Payment Solution and Android Developer SDK, which is an extension of its core Mobile Payments Platform. The company provides phone-enabled payments for landline, broadband, and mobile carrier billing.
The PayOne Android solution allows consumers to simply click and use their mobile phone number to securely pay for applications, in-game extras, and related digital services through a convenient feature on their mobile phone. Consumers experience a seamless payment solution without the delay of exiting the application or game, and unlike alternatives, no credit card, pre-registration or account signup is required.
“Game developers and publishers are looking for effective monetization solutions that don’t interrupt the gaming experience,” said Joe Lynam, President and CEO of PaymentOne. “We have been successfully partnering with digital merchants to monetize their services for over 10 years. In-game payments, subscriptions and virtual goods on all platforms, from console to PC to mobile device, are perfectly suited for carrier-based billing.”
Source: Marketwire