Consumer Using Phones to Bank, but Not Buy

“Americans are increasingly using their phones to avoid a trip to the bank, but they still have little interest in having mobile devices replace their wallets.

The cellphone users tapping into banking services increased 33% during 2012, according to a Federal Reserve survey released Wednesday. Nearly half of those with smart phones accessed a banking app or mobile website in the past year, the survey of 2,600 consumers found.”

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