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.
CSI Virtual MasterCard Team Joins Forces with Advantage Software
CSI Enterprises, Inc., a leader in innovative financial solutions for enterprises and business, announces its new alliance with Advantage Software. The CSI Virtual MasterCard program will be offered as a “new feature” available through Advantage Software, designed by agencies for agencies.
The CSI Virtual MasterCard Program is an electronic payment system that works with its customers’ existing accounts payable (A/P) systems. The solution provides security and control by generating unique “one-time” use credit card account numbers for each vendor payment. It reduces A/P processing costs and offers cash rewards on all payments made through the program. The program is offered at no cost and includes complete implementation services. Implementation includes full vendor enrollment support, maximizing vendor participation and minimizing the time commitment by the customer’s A/P personnel. CSI maintains an extensive database of participating advertising agency vendors which helps facilitate the rapid roll-out of the program. [Read more…]