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.
Transactis Raises $7 Million
Transactis, a Charlotte, NC provider of electronic billing, payment, and marketing solutions has raised $7 million in Series B financing in a round led by New York-based StarVest Partners, with previous investors and management participating.
The capital will be used to drive adoption of the company’s BillMail, BillerExpress and (recently acquired) OfferIQ and LoyaltyIQ software-as-a-service platforms.
via Electronic Billing And Payment Solutions Provider Transactis Lands $7 Million.