Banks Dialing Up Mobile Services
- 30% enrolled in mobile banking with a mobile device in 2015, an increase from 7% in 2014
On the other side of the purchase point, merchants must have the equipment that enables the mobile wallet process. Currently, Android Pay is accepted at more than 1 million stores in the U.S., including Walgreens, JetBlue, Bloomingdale’s, Macy’s and McDonald’s.4
Content prepared by Kara Stefan Communications
1 John Ginovsky. Banking Exchange. June 3, 2016. “Wells enters wallet wars.” http://www.bankingexchange.com/news-feed/item/6282-wells-enters-wallet-wars?Itemid=637. Accessed June 10, 2016.
2 Melanie Scarborough. Banking Exchange. May 20, 2016. “No more getting carded at the ATM.” http://www.bankingexchange.com/news-feed/item/6258-no-more-getting-carded-at-the-atm. Accessed June 10, 2016.
3 Javelin Strategy & Research. May 19, 2016. “Top Banks Meet Customer Expectations for Mobile Banking Channel.” https://www.javelinstrategy.com/press-release/top-banks-meet-customer-expectations-mobile-banking-channel. Accessed June 10, 2016.
4 Android.com. 2016. “Shop at these favorites.” https://www.android.com/pay/. Accessed June 10, 2016.
5 Andy Boxall. Digitaltrends.com. May 20, 2016. “Everything You Need to Know About Android Pay.”http://www.digitaltrends.com/mobile/android-pay-guide/. Accessed June 10, 2016.
6 Melanie Scarborough. Banking Exchange. May 20, 2016. “No more getting carded at the ATM.” http://www.bankingexchange.com/news-feed/item/6258-no-more-getting-carded-at-the-atm. Accessed June 10, 2016.
7 Javelin Strategy & Research. April 14, 2016. “Suboptimal Security Solutions Leave Mobile Wallets Vulnerable.” https://www.javelinstrategy.com/press-release/suboptimal-security-solutions-leave-mobile-wallets-vulnerable. Accessed June 10, 2016.
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