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.
Mobilescape Mobile Payment Solution Selected by U.S. Fund for UNICEF for Transaction Processing
BankServ’s Mobilescape mobile payment devices have been selected by The U.S. Fund for UNICEF to process transactions at a variety of events over the past year, enabling donors to quickly, safely and make a donation using a credit or debit card. With a quick signature on the device’s screen, a receipt is provided to donors and the record of the donation is immediately accessible to accounting staff through Mobilescape’s web portal.
The U.S. Fund for UNICEF supports child survival, protection and development worldwide through education, advocacy and fundraising. The U.S. Fund for UNICEF first introduced the Mobilescape solution in December 2009 at its annual Snowflake Ball, and noted an immediate improvement in the ease of collecting and accounting for donations made at the events. The organization has since utilized the solution in fundraising events for its Haiti reconstruction program, hurricane disaster relief fund, and a number of other events throughout 2010.
“The Mobilescape solution has significantly simplified the contribution process at our fundraising events,” said Roberta Wallis, managing director of the U.S. Fund for UNICEF. “The ability to easily and securely process credit cards at these events makes a tremendous difference in our ability to focus on fundraising activities rather than on filling out and managing donation paperwork. And, we’ve found that our donors appreciate the ease of the transaction and the fact that their credit card information is not written down on paper forms.”
Wallis also estimated that the Mobilescape solution has helped save the organization several thousand dollars in transaction fees from lower swiped processing rates rather than the higher card-not-present fees for dialled in or key-entered transactions.
“For charities and non-profit organizations that rely on event fundraising, the customizable, easy-to-use Mobilescape solution increases donations by giving donors the option of an on-the-spot bankcard transaction that is safe, secure and costs less.”
Source: Globe Newswire