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.
Gemalto Wristband Used in Pilot Project for Tap Payments at Sporting Event / Public Transit
Gemalto is supplying Saracens, a UK rugby union club, with prepaid wristbands that offer fans secure contactless payment for food and drink at its Allianz Park stadium in north London. The pilot project marks the first step towards deployment to all season ticket holder later this year.The new Gemalto smart wristbands also facilitate access to London’s public transport network with just a tap of the wrist, and can be used at any payment terminal displaying the contactless logo. [Read more…]
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