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.
Vesta
Vesta was the first company to successfully build and deploy non-retail electronic payment solutions for the telecommunications industry. Vesta delivers payment solutions to a variety of verticals including financial services and e-commerce, and provides payment technologies, data and security compliance, and fraud management services.
Vesta has multiple patents for technological innovations, has received industry recognition including a CTIA “Innovative Mobile Payment Technology” award, and was inducted into the Inc. Magazine Hall of Fame for five consecutive years as an Inc. 500 fastest growing private company.
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