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 to Demonstrate Android Payment Solution at 2011 Mobile World Congress
PaymentOne Corp. will demonstrate its latest integrated mobile payment solution for Android based on the company’s patented Propensity-to-Pay fraud and security technology.
Called “PayOne,” the Android solution will be demonstrated at the Mobile World Congress trade show in Barcelona, Spain, February 14 through February 17, 2011.
The PayOne Android solution allows consumers to click and use any one of their phone numbers to securely pay for applications, in-game extras, and related digital services. Consumers experience a seamless payment solution without leaving the application or game, and no credit card, pre-registration or account signup is required.
Developers and Publishers can integrate PayOne Android with minimal effort using the PayOne Developer SDK and benefit from the over 1100 carrier billing relationships PaymentOne has around the world. PayOne Android also provides the unique ability for publishers to maintain their brand and look/feel throughout the payment experience.
The Android market is rapidly expanding and according to Nielsen data, Android has increased its share of the Smartphone market by 10X in less than 18 months. Over 150,000 applications have been developed and are being broadly distributed on and off of the Android Marketplace, and market analysts project this market to exceed $6 billion in the next 3 years.
“Publishers and Developers are looking for simple open solutions that enable direct monetization of their applications in multiple distribution channels,” said Joe Lynam, President and CEO of PaymentOne. “We have been successfully partnering with digital merchants to monetize their services for over 10 years, and as every screen becomes a point of sale, from smart phones to tablets, and personal computers to TVs, our focus is to continue to provide payment services across all types of applications and devices that allow simple, safe and secure payments.”
PaymentOne’s AnyPhone is the only implementation of a seamless mobile payment solution that accepts any phone number and is backed by the patented Propensity-to-Pay technology that significantly reduces fraud and charge-backs.
Source: Business Wire