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Fed sees increase in mobile banking, paymentsFed sees increase in mobile banking, payments

first_img 12SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr by: Brian DayThere’s no question mobile devices are changing the way consumers bank, manage accounts and make payments.A recently released Federal Reserve report, “Consumers and Mobile Financial Services 2015,” highlights this evolution. Two of the reports most significant findings:87 percent of U.S. adults have a mobile phone71 percent of those mobile phones are Internet-enabled smartphones (a 10-percent increase from 2013)Twenty-two percent of mobile phone owners reported having made a mobile payment in the 12 months leading up to the survey. That’s compared to 15 percent in 2012 and 17 percent in 2013.Further, 39 percent of adults with both mobile phones and bank accounts used mobile banking. This amounts to a 33-percent increase in usage from the previous year. The most common task mobile bankers performed was checking their account balances or recent transactions, followed by transferring money between accounts. Receiving alerts from financial institutions (FIs) via text message, push notification or email came in third. continue reading »last_img read more

Ireland push Holland closeIreland push Holland close

first_img Shane O’Donoghue’s penalty corner put them ahead but Dutch set-piece specialist Mink van der Weerden equalised before half-time, with Rob Kempermann firing home a reverse-stick shot after the break. Ireland’s women fared better with a much-needed 3-2 win over Belarus to keep alive their semi-final hopes. Press Association Alexandra Speers gave them a first-half lead and although they were pegged back just after the break, Speers restored Ireland’s advantage and Lisa Jacob made it 3-1 to ensure a late Belarus goal did not affect the result. “It was great to get the three points. We worked hard although we were a bit tentative at times, and if you take that approach against Belarus you end up in a bit of a scrap,” said coach Darren Smith. center_img Ireland’s men took a surprise lead against Holland only to eventually lose 2-1 in a close contest in the EuroHockey Championship.last_img read more