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.
Utah Community Credit Union Announces Mobile Banking App
Utah Community Credit Union (UCCU) has announced the release of UCCU mobile money management applications for iPhone and Android mobile smartphones.
“UCCU continues to invest in technology to make life easier and more convenient for our members,” said Brad Norton, UCCU SVP of Marketing. “If you have a UCCU account, now you can have it in your pocket, anytime, anywhere you need it. Since a considerable percentage of UCCU members now reside outside of the immediate Utah Valley area, it’s important that they have access to their accounts at all times.” [Read more…]