Article

  Comment(0)

 
Share:    Email  

Fed Says 21% of Mobile Phone Users Did Banking With the Devices

Joshua Zumbrun

Thursday, March 15, 2012 - 11:42

The Federal Reserve said 21 percent of U.S. consumers with mobile phones used the devices to access a bank account, credit card or other financial account during the 12 months that ended in January.

The Federal Reserve said 21 percent of U.S. consumers with mobile phones used the devices to access a bank account, credit card or other financial account during the 12 months that ended in January.

“The use of mobile banking is poised to expand further over the next year, with usage possibly increasing to one out of three mobile users by 2013,” the Fed said in a release today in Washington. “However, the survey indicates that many consumers remain skeptical of the benefit of mobile banking and the level of security associated with the technology.”

The survey of 2,300 people was conducted between Dec. 22 and January 9 and showed that the use of mobile banking is especially common among younger consumers.

 

Read the full story by clicking the link below
http://www.bloomberg.com/news/2012-03-14/fed-says-21-of-mobile-phone-users-did-banking-wit h-the....
 
Tags: Mobile Banking, Americas, Security

Sponsored Links
 

 

  Article

   Comments(0)

 
Login or register to post comments
[Show comment]

FEATURED EVENTS

Mobile Money Africa 2014Digital Banking Summit
PayExpo 2014 

Stay Connected

 
Sign Up for the Latest in:
 
 
Mobile Money Transfer
Mobile Commerce
Micro Finance
Mobile Technology
EMEA
APAC
Mobile Payments
Mobile Banking
Mobile Marketing
Global
Americas
Company
(*)
 

MOST POPULAR

HEADLINES

1.How mobile money is changing Asia
2.Orange Money – more than €2.2 billion in transactions have be
3.Orange Money – more than €2.2 billion in transactions have be
4.Be agile to win mobile payments race
5.Watch Out PayPal? The Real Meaning Of A Facebook Money Transfer B
6.China gets first bitcoin ATM, skirting bank crackdown
7.Walmart Introduces Exclusive Money Transfer Service, Cuts Fees by
8.Westpac tests fingerprint access to mobile banking
9.Baidu launches mobile payment app
10.“Time to do away from Billfolds: Mobile Payment Technology take
11.Sound City festival goes cashless with Znap

FEATURED COMPANIES

MOST POPULAR

BLOGS


 
 

Mobile Financial News from around the web

 
 
 

Inside the DonRiver Network