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.
Fi-Mobile Launches New Banking App Platform
Fi-Mobile Inc. has announced the release of UniFI, a new mobile banking application platform that allows financial institutions to deliver and manage a branded mobile presence.
Designed to help credit unions and banks deliver a unified mobile banking experience to account holders and members, UniFI provides instant access to critical financial services and information so that customers can do their banking on the iPad, iPhone, Android, Blackberry devices, and any other browser-enabled smart device. [Read more…]