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.
Admeris Payment Systems
In the past year, Admeris Payment Systems has quietly built a strong
base of developers and merchants using our OneTouch mobile payments credit
card platform.
As opposed to m-wallet solutions proposed by Visa, Google
and Paypal, Admeris simplifies the approach to m-commerce by removing
restrictive barriers to user adoption such as account login or
passwordsbut firmly enhances security protocols with a patent-pending
dual-layer encryption methodology between end user and smartphone to deliver the
most secure m-commerce solution on the market. For the company’s partners, this
has been a key driver to higher conversion rates for credit card
transactions on smartphones and tablets today.
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