The numbers for mobile device bill pay usage have spiked in the past year. In fact, only consumer adoption of online banking comes close to the market share mobile applications are capturing on an almost daily basis.
The Seventh Annual Billing Household Survey released in December by Fiserv revealed rapid growth for mobile bill payment, according to Eric Leiserson, senior research analyst at the Brookfield, Wis.-based firm.
In 2012, eight million U.S. households made some sort of payment from a mobile device. By 2014, the number had risen to 27 million.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
