Mobile Phone The New Way to Pay
Short Description
Payments are completed using existing mobile phone technology; and …. payments using a mobile phone. The process should be as straightforward as using a …
Website: www.bos.frb.org | Filesize: 405kb
Content
Federal Reserve Bank of Boston Mobile Phone: The New Way to Pay?
1 ?http://www.bos.frb.org/economic/eprg
Industry Briefing ?February 2007
I
Mobile Phone: The New Way to Pay?
Krista Becker, Emerging Payments Analyst, Federal Reserve Bank of Boston
Over the past decade, the introduction of new
technologies has transformed the payment
industry and consumers’ payment/purchase
behavior. Alongside shifts in payment channels,
payment instruments are also changing. Prior to
the Internet boom in the late 1990s, consumers
typically made purchases in stores or via
mail- and phone-order catalogues. Currently,
approximately 67 percent of…
Get the file Download here
Related Searches: mobile phone technology, federal reserve bank of boston, federal reserve bank, internet boom, bank of boston
Comments
Leave a Reply
