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.
NuWallet Announces Auto-Fill App for Mobile Checkout in Seconds
NuWallet announced today it has solved the most annoying obstacle for on-line shoppers using their mobile phone for purchases.
According to a recent survey by Adobe Scene7 , “ easy checkout” was singled out as the most important mobile-shopping feature among respondents. The mobile shopping experience today is greatly hindered by the difficult and time-consuming task of entering 100+ characters of billing information using the cumbersome mobile keyboard. [Read more…]