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.
PreCash
PreCash provides payments services and transaction processing. The company currently serves more than 3 million consumers, thousands of businesses and touches more than $2 billion in payments annually.
PreCash’s Mobile Payment Solutions allow consumers to send and receive money, pay bills, deposit their checks and make payments from their mobile phone. They can also access spend the money in their e-wallet with a connected prepaid debit card.
More information: PreCash.com