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.
Jawbone Partners with Amex to Enter Mobile Payment Space with UP4 Fitness Band
American Express and Jawbone announced a new partnership that will allow customers to tap to pay with the new Jawbone UP4 fitness tracker anywhere American Express contactless payments are accepted in the United States. The new Jawbone UP4 tracker is expected to be available for purchase this summer.
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