Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Washington
Big Jump In Phone Banking, Fed Says
WASHINGTON (3/28/13)--In case anyone wasn't sure whether people are using their phones for everything, the Federal Reserve Board yesterday released a report on the use of mobile financial services that showed 28% of all mobile phone users and 48% of smartphone users had used mobile banking in the past 12 months.

This is up significantly from the Fed's last report in December 2011 that showed 21% of mobile phone users and 42% of smartphone users engaged in mobile banking.

The Federal Reserve Board completed its first Survey of Consumers' Use of Mobile Financial Services in December 2011, and released a summary report in March 2012. The board conducted a second survey in late November 2012 to monitor trends in the use of mobile financial services, and to understand how the rapidly expanding use of this technology affects consumer decision making and the overall economy.

For more on the insights of the Fed survey, tune in to Friday's News Now.


RSS





print
News Now LiveWire
Gas prices have fallen for a record 88 days in a row says @AAAnews via @washingtonpost http://t.co/c52VTdqHEB
1 hours ago
.@TheNCUA releases regulatory modernization initiative results (PDF link) http://t.co/pgLZe4aget
1 hours ago
#FinCEN seeks nominations of FIs, trade groups for membership on Bank Secrecy Act advisory group http://t.co/l5w58c277W
2 hours ago
MI pediatric dentist pledges $20K match to Hurley Children's Hospital if it wins @CUDirect's 20 for 20 http://t.co/Eq2nIPm6jo
3 hours ago
Kids learn budgeting with M&Ms http://t.co/SzXipTLX12
3 hours ago