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.
Square Versus Intuit GoPayment: Mobile Payment Comparison
For business that want to accept credit card payments through their smartphones, there are quite a few choices available. Two leading contenders are Square and Intuit’s GoPayment. Both services offer this feature, but there are some differences that may sway your decision on which one is best for you.
For example, GoPayment requires a credit check, square does not. Intuit’s free reader supports the iPhone, and Square currently supports only Android or IOS devices.
Business Insider provides a good side-to-side comparison chart of these two services.
More information: Business Insider.